Dimensional Fund Advisors LP Has $7.45 Million Holdings in Lifetime Brands, Inc. (NASDAQ:LCUT)

Dimensional Fund Advisors LP raised its position in shares of Lifetime Brands, Inc. (NASDAQ:LCUT) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,260,722 shares of the company’s stock after buying an additional 21,139 shares during the period. Dimensional Fund Advisors LP owned about 0.06% of Lifetime Brands worth $7,450,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. JB Capital Partners LP grew its position in Lifetime Brands by 32.7% during the 4th quarter. JB Capital Partners LP now owns 1,248,121 shares of the company’s stock worth $7,376,000 after acquiring an additional 307,307 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its position in shares of Lifetime Brands by 3.3% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 554,805 shares of the company’s stock worth $3,279,000 after purchasing an additional 17,698 shares in the last quarter. Martin & Co. Inc. TN grew its stake in shares of Lifetime Brands by 41.2% during the fourth quarter. Martin & Co. Inc. TN now owns 331,939 shares of the company’s stock valued at $1,962,000 after purchasing an additional 96,816 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Lifetime Brands by 5.2% in the fourth quarter. Empowered Funds LLC now owns 101,073 shares of the company’s stock valued at $597,000 after purchasing an additional 4,980 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Lifetime Brands by 744.1% in the fourth quarter. JPMorgan Chase & Co. now owns 45,589 shares of the company’s stock valued at $269,000 after purchasing an additional 40,188 shares in the last quarter. Institutional investors own 40.62% of the company’s stock.

Lifetime Brands Stock Performance

Shares of Lifetime Brands stock opened at $3.23 on Monday. The firm has a fifty day moving average of $4.36 and a two-hundred day moving average of $5.27. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.97 and a current ratio of 2.36. The stock has a market capitalization of $72.40 million, a price-to-earnings ratio of -3.26, a PEG ratio of 0.48 and a beta of 1.55. Lifetime Brands, Inc. has a 52 week low of $2.89 and a 52 week high of $11.68.

Lifetime Brands (NASDAQ:LCUT) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.11). Lifetime Brands had a negative net margin of 3.19% and a positive return on equity of 3.13%. The company had revenue of $140.09 million during the quarter, compared to the consensus estimate of $144.86 million. As a group, equities research analysts predict that Lifetime Brands, Inc. will post 0.55 EPS for the current year.

Lifetime Brands Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a $0.0425 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.17 dividend on an annualized basis and a dividend yield of 5.26%. Lifetime Brands’s dividend payout ratio is -27.87%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LCUT shares. StockNews.com upgraded Lifetime Brands from a “hold” rating to a “buy” rating in a research report on Tuesday, March 18th. DA Davidson lowered their price objective on Lifetime Brands from $6.75 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Finally, Canaccord Genuity Group cut their target price on shares of Lifetime Brands from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd.

Lifetime Brands Profile

Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the worldwide. The company provides kitchenware products, including kitchen tools and gadgets, cutlery, kitchen scales, thermometers, cutting boards, shears, cookware, pantryware, spice racks, and bakeware; and tableware products comprising dinnerware, stemware, flatware, and giftware.