Tower Research Capital LLC TRC Buys 3,533 Shares of Lifetime Brands, Inc. (NASDAQ:LCUT)

Tower Research Capital LLC TRC lifted its stake in shares of Lifetime Brands, Inc. (NASDAQ:LCUT) by 489.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,255 shares of the company’s stock after purchasing an additional 3,533 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Lifetime Brands were worth $29,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Hillsdale Investment Management Inc. acquired a new stake in Lifetime Brands in the fourth quarter valued at approximately $180,000. Essex Investment Management Co. LLC acquired a new stake in shares of Lifetime Brands during the 4th quarter valued at $1,345,000. Legato Capital Management LLC acquired a new position in Lifetime Brands in the 4th quarter worth about $542,000. Heron Bay Capital Management bought a new position in Lifetime Brands in the fourth quarter valued at about $69,000. Finally, Quadrature Capital Ltd boosted its stake in shares of Lifetime Brands by 123.3% during the third quarter. Quadrature Capital Ltd now owns 43,713 shares of the company’s stock valued at $246,000 after purchasing an additional 24,139 shares in the last quarter. 40.62% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LCUT has been the subject of a number of research reports. Canaccord Genuity Group raised their price objective on shares of Lifetime Brands from $8.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. DA Davidson raised their price target on shares of Lifetime Brands from $9.50 to $11.50 and gave the company a “buy” rating in a research note on Monday, March 25th. Finally, TheStreet raised shares of Lifetime Brands from a “d+” rating to a “c-” rating in a research note on Monday, March 11th.

Lifetime Brands Trading Up 1.2 %

NASDAQ:LCUT traded up $0.11 on Friday, reaching $9.40. 48,007 shares of the stock traded hands, compared to its average volume of 49,766. The company has a current ratio of 2.48, a quick ratio of 1.24 and a debt-to-equity ratio of 0.85. Lifetime Brands, Inc. has a 1-year low of $4.31 and a 1-year high of $11.08. The company’s 50 day moving average is $9.83 and its 200-day moving average is $7.96. The firm has a market capitalization of $207.46 million, a price-to-earnings ratio of -24.10, a price-to-earnings-growth ratio of 0.92 and a beta of 1.38.

Lifetime Brands (NASDAQ:LCUT) last posted its quarterly earnings data on Tuesday, March 12th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.03). The firm had revenue of $203.14 million for the quarter, compared to analyst estimates of $196.48 million. Lifetime Brands had a positive return on equity of 4.84% and a negative net margin of 1.23%. Equities research analysts anticipate that Lifetime Brands, Inc. will post 0.72 EPS for the current fiscal year.

Lifetime Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.043 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Tuesday, April 30th. Lifetime Brands’s dividend payout ratio is -43.59%.

About Lifetime Brands

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.