Wells Fargo & Company MN maintained its stake in Lifetime Brands, Inc. (NASDAQ:LCUT) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,682 shares of the company’s stock at the end of the first quarter. Wells Fargo & Company MN’s holdings in Lifetime Brands were worth $134,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in LCUT. Teachers Advisors LLC raised its stake in Lifetime Brands by 9.7% in the fourth quarter. Teachers Advisors LLC now owns 16,979 shares of the company’s stock valued at $301,000 after buying an additional 1,502 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Lifetime Brands by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,212,232 shares of the company’s stock valued at $21,517,000 after buying an additional 3,991 shares in the last quarter. State Street Corp raised its stake in Lifetime Brands by 5.2% in the fourth quarter. State Street Corp now owns 166,994 shares of the company’s stock valued at $2,962,000 after buying an additional 8,258 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in Lifetime Brands during the fourth quarter valued at approximately $345,000. Institutional investors and hedge funds own 55.49% of the company’s stock.
Lifetime Brands, Inc. (NASDAQ:LCUT) opened at 20.00 on Wednesday. Lifetime Brands, Inc. has a 52 week low of $12.03 and a 52 week high of $21.20. The firm has a market cap of $291.50 million, a P/E ratio of 15.64 and a beta of 0.97. The company has a 50-day moving average of $18.74 and a 200 day moving average of $17.89.
Lifetime Brands (NASDAQ:LCUT) last released its quarterly earnings results on Tuesday, May 9th. The company reported ($0.11) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.02. Lifetime Brands had a return on equity of 10.81% and a net margin of 3.14%. The business had revenue of $113.40 million during the quarter, compared to analyst estimates of $114.25 million. During the same quarter last year, the company posted ($0.24) EPS. Lifetime Brands’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities analysts predict that Lifetime Brands, Inc. will post $1.51 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be given a $0.0425 dividend. The ex-dividend date of this dividend is Friday, July 28th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.85%. Lifetime Brands’s dividend payout ratio (DPR) is 13.39%.
Several equities research analysts recently commented on the stock. BidaskClub upgraded shares of Lifetime Brands from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 11th. Sidoti raised shares of Lifetime Brands from a “neutral” rating to a “buy” rating in a research note on Friday, May 26th.
Lifetime Brands Company Profile
Lifetime Brands, Inc designs, sources and sells branded kitchenware, tableware and other products used in the home. The Company operates through three segments: U.S. Wholesale, International and Retail Direct. In the U.S. Wholesale segment, the Company designs, markets and distributes its products to retailers and distributors.
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