Lifetime Brands Inc (NASDAQ:LCUT) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 351,000 shares, a growth of 114.5% from the April 30th total of 163,600 shares. Based on an average daily trading volume, of 40,800 shares, the short-interest ratio is presently 8.6 days. Currently, 2.9% of the shares of the company are sold short.
Lifetime Brands stock traded down $0.20 during mid-day trading on Monday, reaching $9.01. The company’s stock had a trading volume of 1,080 shares, compared to its average volume of 30,942. Lifetime Brands has a 12-month low of $7.69 and a 12-month high of $13.75. The firm has a market cap of $192.69 million, a P/E ratio of 32.18, a P/E/G ratio of 0.83 and a beta of 1.12. The company has a quick ratio of 1.12, a current ratio of 2.96 and a debt-to-equity ratio of 1.36. The stock has a fifty day moving average of $8.99.
Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.19) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.41) by $0.22. Lifetime Brands had a net margin of 0.68% and a return on equity of 3.58%. The firm had revenue of $149.93 million during the quarter. Equities analysts expect that Lifetime Brands will post 0.74 EPS for the current fiscal year.
In other Lifetime Brands news, major shareholder Centre Partners V, L.P. acquired 100,000 shares of Lifetime Brands stock in a transaction that occurred on Friday, March 22nd. The stock was acquired at an average cost of $9.49 per share, for a total transaction of $949,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders purchased a total of 336,249 shares of company stock valued at $3,187,758 over the last quarter. 41.70% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the business. Resources Investment Advisors Inc. bought a new position in Lifetime Brands in the 4th quarter valued at $71,000. BlackRock Inc. boosted its holdings in Lifetime Brands by 2.9% in the 4th quarter. BlackRock Inc. now owns 874,261 shares of the company’s stock valued at $8,769,000 after purchasing an additional 24,494 shares during the period. Boston Partners boosted its holdings in Lifetime Brands by 37.7% in the 4th quarter. Boston Partners now owns 137,969 shares of the company’s stock valued at $1,384,000 after purchasing an additional 37,791 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Lifetime Brands by 3.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,250,094 shares of the company’s stock valued at $12,538,000 after purchasing an additional 40,757 shares during the period. Finally, Weber Alan W bought a new position in Lifetime Brands in the 4th quarter valued at $451,000. 44.93% of the stock is owned by hedge funds and other institutional investors.
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Lifetime Brands Company Profile
Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the United States and internationally. The company operates through two segments, U.S. and International. It offers kitchenware products, including kitchen tools and gadgets, cutlery, cutting boards, shears, cookware, pantryware, spice racks, and bakeware, as well as kitchen scales; and tableware products comprising dinnerware, stemware, flatware, and giftware.
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