Lifetime Brands, Inc. (NASDAQ:LCUT) Stock Position Reduced by Guardian Wealth Management Inc.

Guardian Wealth Management Inc. lowered its stake in shares of Lifetime Brands, Inc. (NASDAQ:LCUT - Free Report) by 53.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,453 shares of the company's stock after selling 68,729 shares during the quarter. Guardian Wealth Management Inc. owned about 0.27% of Lifetime Brands worth $357,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of LCUT. Empowered Funds LLC raised its holdings in shares of Lifetime Brands by 5.2% in the 4th quarter. Empowered Funds LLC now owns 101,073 shares of the company's stock worth $597,000 after purchasing an additional 4,980 shares during the period. Barclays PLC lifted its position in Lifetime Brands by 38.7% during the third quarter. Barclays PLC now owns 19,016 shares of the company's stock valued at $124,000 after buying an additional 5,302 shares in the last quarter. Hsbc Holdings PLC grew its stake in Lifetime Brands by 84.9% during the fourth quarter. Hsbc Holdings PLC now owns 21,625 shares of the company's stock worth $128,000 after buying an additional 9,932 shares during the period. SageView Advisory Group LLC increased its position in shares of Lifetime Brands by 41.8% in the fourth quarter. SageView Advisory Group LLC now owns 34,640 shares of the company's stock worth $205,000 after acquiring an additional 10,219 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Lifetime Brands in the 3rd quarter valued at $67,000. 40.62% of the stock is currently owned by hedge funds and other institutional investors.

Lifetime Brands Stock Up 3.2 %

LCUT stock traded up $0.11 during trading on Tuesday, reaching $3.53. The stock had a trading volume of 35,110 shares, compared to its average volume of 67,643. The firm has a fifty day moving average price of $4.65 and a 200 day moving average price of $5.44. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $78.24 million, a P/E ratio of -3.57, a PEG ratio of 0.48 and a beta of 1.38. Lifetime Brands, Inc. has a 1-year low of $3.36 and a 1-year high of $11.68.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.05. The firm had revenue of $215.21 million during the quarter, compared to the consensus estimate of $206.60 million. Lifetime Brands had a positive return on equity of 3.13% and a negative net margin of 3.19%. On average, equities analysts anticipate that Lifetime Brands, Inc. will post 0.55 earnings per share for the current year.

Lifetime Brands Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a $0.0425 dividend. This represents a $0.17 annualized dividend and a dividend yield of 4.82%. The ex-dividend date is Thursday, May 1st. Lifetime Brands's payout ratio is currently -23.94%.

Wall Street Analysts Forecast Growth

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

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.