Short Interest in Lifetime Brands Inc (NASDAQ:LCUT) Increases By 5.7%

Lifetime Brands Inc (NASDAQ:LCUT) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 454,600 shares, an increase of 5.7% from the June 30th total of 430,000 shares. Based on an average daily trading volume, of 26,900 shares, the days-to-cover ratio is currently 16.9 days. Approximately 3.7% of the shares of the stock are short sold.

A number of institutional investors and hedge funds have recently modified their holdings of LCUT. Russell Investments Group Ltd. increased its stake in shares of Lifetime Brands by 84.8% in the second quarter. Russell Investments Group Ltd. now owns 379,716 shares of the company’s stock valued at $3,591,000 after buying an additional 174,227 shares during the period. Kennedy Capital Management Inc. increased its stake in shares of Lifetime Brands by 11.3% in the first quarter. Kennedy Capital Management Inc. now owns 1,128,643 shares of the company’s stock valued at $10,666,000 after buying an additional 114,719 shares during the period. Pacific Ridge Capital Partners LLC increased its stake in shares of Lifetime Brands by 13.9% in the first quarter. Pacific Ridge Capital Partners LLC now owns 466,758 shares of the company’s stock valued at $4,411,000 after buying an additional 57,035 shares during the period. Weber Alan W increased its stake in shares of Lifetime Brands by 84.6% in the second quarter. Weber Alan W now owns 120,000 shares of the company’s stock valued at $1,135,000 after buying an additional 55,000 shares during the period. Finally, Teton Advisors Inc. increased its stake in shares of Lifetime Brands by 21.6% in the second quarter. Teton Advisors Inc. now owns 231,175 shares of the company’s stock valued at $2,187,000 after buying an additional 41,000 shares during the period. 45.26% of the stock is owned by institutional investors and hedge funds.

LCUT traded up $0.03 on Friday, reaching $7.59. The stock had a trading volume of 23,059 shares, compared to its average volume of 28,848. Lifetime Brands has a fifty-two week low of $7.15 and a fifty-two week high of $12.40. The firm has a 50-day moving average of $8.97 and a 200-day moving average of $9.36. The company has a current ratio of 2.67, a quick ratio of 1.12 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $165.79 million, a price-to-earnings ratio of 27.11, a price-to-earnings-growth ratio of 0.85 and a beta of 1.28.



Lifetime Brands (NASDAQ:LCUT) last issued its earnings results on Thursday, August 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.08). Lifetime Brands had a positive return on equity of 4.03% and a negative net margin of 0.06%. The firm had revenue of $142.54 million during the quarter, compared to analyst estimates of $153.11 million. Sell-side analysts anticipate that Lifetime Brands will post 0.61 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were issued a $0.043 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Wednesday, July 31st. This is a boost from Lifetime Brands’s previous quarterly dividend of $0.04. Lifetime Brands’s dividend payout ratio is presently 60.71%.

Several brokerages recently weighed in on LCUT. Zacks Investment Research downgraded Lifetime Brands from a “hold” rating to a “sell” rating in a research report on Thursday. ValuEngine cut Lifetime Brands from a “hold” rating to a “sell” rating in a report on Monday, June 3rd.

About Lifetime Brands

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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