JB Capital Partners LP Has $7.05 Million Position in Lifetime Brands, Inc. $LCUT

Key Points

• JB Capital Partners LP increased its stake in Lifetime Brands by 16.0% in Q1, owning approximately 1.5% of the company, valued at $7.05 million.
• Lifetime Brands recently reported a quarterly earnings miss, with an EPS of ($0.50) compared to the consensus estimate of ($0.17), raising concerns among analysts.
• The company has announced a quarterly dividend of $0.0425, providing an annual yield of 4.2%, with the dividend payment date set for November 14th.

JB Capital Partners LP boosted its stake in shares of Lifetime Brands, Inc. (NASDAQ:LCUT - Free Report) by 16.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,447,621 shares of the company's stock after purchasing an additional 199,500 shares during the period. Lifetime Brands comprises approximately 1.5% of JB Capital Partners LP's holdings, making the stock its 12th largest position. JB Capital Partners LP owned approximately 6.46% of Lifetime Brands worth $7,050,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in shares of Lifetime Brands during the 1st quarter valued at $82,000. Corton Capital Inc. purchased a new stake in shares of Lifetime Brands during the fourth quarter worth $122,000. Hsbc Holdings PLC boosted its position in Lifetime Brands by 84.9% during the fourth quarter. Hsbc Holdings PLC now owns 21,625 shares of the company's stock valued at $128,000 after purchasing an additional 9,932 shares during the last quarter. Bank of America Corp DE grew its stake in Lifetime Brands by 66.1% in the fourth quarter. Bank of America Corp DE now owns 29,908 shares of the company's stock valued at $177,000 after purchasing an additional 11,899 shares in the last quarter. Finally, Barclays PLC increased its position in Lifetime Brands by 93.8% in the 4th quarter. Barclays PLC now owns 36,851 shares of the company's stock worth $218,000 after purchasing an additional 17,835 shares during the last quarter. Hedge funds and other institutional investors own 40.62% of the company's stock.

Lifetime Brands Stock Performance

Shares of LCUT stock traded up $0.10 during mid-day trading on Friday, reaching $3.96. The stock had a trading volume of 4,365 shares, compared to its average volume of 67,668. The firm's 50 day simple moving average is $4.38 and its 200 day simple moving average is $4.27. The company has a quick ratio of 0.94, a current ratio of 2.65 and a debt-to-equity ratio of 0.89. The firm has a market cap of $88.63 million, a PE ratio of -2.49 and a beta of 1.63. Lifetime Brands, Inc. has a one year low of $2.89 and a one year high of $7.32.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.50) earnings per share for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.33). Lifetime Brands had a positive return on equity of 0.12% and a negative net margin of 5.16%.The business had revenue of $131.86 million for the quarter, compared to analyst estimates of $138.25 million. On average, analysts forecast that Lifetime Brands, Inc. will post 0.55 EPS for the current year.

Lifetime Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be given a $0.0425 dividend. This represents a $0.17 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Friday, October 31st. Lifetime Brands's dividend payout ratio is -10.69%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Canaccord Genuity Group reduced their price target on Lifetime Brands from $6.00 to $5.00 and set a "buy" rating for the company in a report on Friday, August 8th. Zacks Research raised shares of Lifetime Brands to a "strong sell" rating in a research report on Tuesday, August 12th. Finally, Wall Street Zen cut shares of Lifetime Brands from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $5.50.

Lifetime Brands Company 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.