JB Capital Partners LP Takes $13.82 Billion Position in Lifetime Brands, Inc. $LCUT

JB Capital Partners LP bought a new position in shares of Lifetime Brands, Inc. (NASDAQ:LCUTFree Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,627,852 shares of the company’s stock, valued at approximately $13,820,463,000. Lifetime Brands accounts for approximately 2.1% of JB Capital Partners LP’s holdings, making the stock its 12th largest holding. JB Capital Partners LP owned about 0.07% of Lifetime Brands at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Deutsche Bank AG bought a new position in shares of Lifetime Brands during the second quarter valued at $102,000. Qube Research & Technologies Ltd bought a new stake in shares of Lifetime Brands in the second quarter worth $88,000. Bank of America Corp DE increased its holdings in Lifetime Brands by 39.0% in the first quarter. Bank of America Corp DE now owns 20,722 shares of the company’s stock valued at $119,000 after purchasing an additional 5,809 shares during the period. GSA Capital Partners LLP acquired a new stake in Lifetime Brands in the second quarter valued at $220,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in Lifetime Brands during the 3rd quarter worth $118,000. 40.62% of the stock is owned by institutional investors.

Lifetime Brands Stock Performance

Shares of Lifetime Brands stock opened at $9.17 on Friday. The company has a current ratio of 2.11, a quick ratio of 0.99 and a debt-to-equity ratio of 0.51. The business has a 50-day moving average price of $8.68 and a two-hundred day moving average price of $6.86. Lifetime Brands, Inc. has a 1-year low of $2.90 and a 1-year high of $10.17. The company has a market cap of $210.81 million, a P/E ratio of 6.41, a PEG ratio of 0.32 and a beta of 1.00.

Lifetime Brands (NASDAQ:LCUTGet Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.18 earnings per share for the quarter, topping the consensus estimate of ($0.21) by $1.39. The firm had revenue of $141.57 million during the quarter, compared to analyst estimates of $136.64 million. Lifetime Brands had a return on equity of 26.39% and a net margin of 4.81%. As a group, analysts anticipate that Lifetime Brands, Inc. will post 2.08 EPS for the current year.

Lifetime Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be issued a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, October 30th. Lifetime Brands’s payout ratio is presently 11.89%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Canaccord Genuity Group upped their price target on Lifetime Brands from $6.00 to $7.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. Roth Capital restated a “buy” rating and set a $12.00 price objective on shares of Lifetime Brands in a research report on Tuesday, August 11th. Wall Street Zen raised Lifetime Brands from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 17th. Zacks Research upgraded Lifetime Brands from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lifetime Brands in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Lifetime Brands currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

Read Our Latest Stock Report on Lifetime Brands

Lifetime Brands Profile

(Free Report)

Lifetime Brands, Inc, through its subsidiaries, designs, sources, manufactures and distributes a broad portfolio of consumer products for the home. Headquartered in Garden City, New York, the company operates three primary business segments—Kitchenware, Tabletop & Home Décor and Tools & Storage—providing solutions for food preparation, cooking, serving and storage under both proprietary and licensed brand names.

In the Kitchenware segment, Lifetime Brands offers cookware, bakeware, cutlery and small electric appliances under brands such as Farberware and Chef’sChoice.

See Also

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Institutional Ownership by Quarter for Lifetime Brands (NASDAQ:LCUT)

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