Lifetime Brands, Inc. (NASDAQ:LCUT) Short Interest Update

Lifetime Brands, Inc. (NASDAQ:LCUT - Get Free Report) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totaling 121,340 shares, a decrease of 67.7% from the March 15th total of 375,698 shares. Based on an average daily volume of 206,155 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.9% of the company's stock are short sold.Get Lifetime Brands alerts:Analysts Set New Price TargetsLCUT has been the subject of a number of research reports. Canaccord Genuity Group reissued a "hold" rating and set a $3.50 target price on shares of Lifetime Brands in a research note on Friday, March 13th. Zacks Research raised Lifetime Brands from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 17th. Roth Mkm initiated coverage on Lifetime Brands in a research note on Friday, February 13th. They set a "buy" rating and a $5.00 target price for the company. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Lifetime Brands in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $4.25.Check Out Our Latest Analysis on Lifetime BrandsLifetime Brands Trading Down 3.1%NASDAQ:LCUT opened at $7.52 on Friday. The company has a market cap of $170.33 million, a P/E ratio of -6.06, a price-to-earnings-growth ratio of 0.91 and a beta of 0.83. Lifetime Brands has a twelve month low of $2.89 and a twelve month high of $7.82. The business has a 50 day moving average price of $4.21 and a two-hundred day moving average price of $3.90. The company has a quick ratio of 1.37, a current ratio of 2.85 and a debt-to-equity ratio of 0.89. Lifetime Brands (NASDAQ:LCUT - Get Free Report) last issued its quarterly earnings results on Thursday, March 12th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.87. The company had revenue of $204.07 million during the quarter, compared to analysts' expectations of $202.09 million. Lifetime Brands had a negative net margin of 4.16% and a positive return on equity of 4.66%. As a group, analysts expect that Lifetime Brands will post 0.55 EPS for the current fiscal year. Lifetime Brands Dividend AnnouncementThe firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be paid a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, May 1st. Lifetime Brands's dividend payout ratio (DPR) is currently -13.71%. Hedge Funds Weigh In On Lifetime BrandsSeveral hedge funds have recently made changes to their positions in the business. JB Capital Partners LP grew its stake in shares of Lifetime Brands by 2.5% during the 4th quarter. JB Capital Partners LP now owns 1,627,852 shares of the company's stock worth $6,430,000 after acquiring an additional 40,000 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Lifetime Brands by 388.4% during the 4th quarter. Jane Street Group LLC now owns 51,795 shares of the company's stock worth $205,000 after acquiring an additional 41,191 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Lifetime Brands by 0.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 913,425 shares of the company's stock worth $3,535,000 after acquiring an additional 4,703 shares in the last quarter. Bridgeway Capital Management LLC grew its stake in shares of Lifetime Brands by 3.8% during the 3rd quarter. Bridgeway Capital Management LLC now owns 243,414 shares of the company's stock worth $942,000 after acquiring an additional 8,820 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Lifetime Brands in the 3rd quarter valued at approximately $118,000. 40.62% of the stock is owned by institutional investors. Lifetime Brands Company Profile (Get Free Report)Lifetime Brands, Inc, through its subsidiaries, designs, sources, manufactures and distributes a broad portfolio of consumer products for the home. Headquartered in Garden City, New York, the company operates three primary business segments—Kitchenware, Tabletop & Home Décor and Tools & Storage—providing solutions for food preparation, cooking, serving and storage under both proprietary and licensed brand names. In the Kitchenware segment, Lifetime Brands offers cookware, bakeware, cutlery and small electric appliances under brands such as Farberware and Chef'sChoice.Featured StoriesFive stocks we like better than Lifetime BrandsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Lifetime Brands Right Now?Before you consider Lifetime Brands, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lifetime Brands wasn't on the list.While Lifetime Brands currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here