Shares of Lifetime Brands Inc (NASDAQ:LCUT) hit a new 52-week low during trading on Thursday following a weaker than expected earnings announcement. The stock traded as low as $9.00 and last traded at $9.86, with a volume of 638 shares. The stock had previously closed at $9.97.

The company reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.36). Lifetime Brands had a negative net margin of 1.96% and a negative return on equity of 0.58%. The business had revenue of $209.45 million during the quarter.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Friday, February 1st will be given a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Thursday, January 31st. Lifetime Brands’s payout ratio is 23.94%.

Several institutional investors and hedge funds have recently made changes to their positions in LCUT. Brown Advisory Inc. acquired a new position in shares of Lifetime Brands in the 2nd quarter valued at approximately $5,165,000. Boston Partners acquired a new position in shares of Lifetime Brands in the 2nd quarter valued at approximately $1,895,000. Russell Investments Group Ltd. acquired a new position in shares of Lifetime Brands in the 2nd quarter valued at approximately $1,540,000. BlackRock Inc. increased its holdings in shares of Lifetime Brands by 15.2% in the 2nd quarter. BlackRock Inc. now owns 850,187 shares of the company’s stock valued at $10,754,000 after acquiring an additional 111,957 shares during the last quarter. Finally, Teton Advisors Inc. bought a new stake in shares of Lifetime Brands in the 2nd quarter valued at approximately $1,071,000. 46.18% of the stock is currently owned by institutional investors.

The company has a debt-to-equity ratio of 1.21, a current ratio of 3.22 and a quick ratio of 1.20. The firm has a market cap of $206.79 million, a price-to-earnings ratio of 14.30 and a beta of 0.95.

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Lifetime Brands Company Profile (NASDAQ:LCUT)

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 three segments: U.S. Wholesale, International, and Retail Direct. It offers kitchenware products, including kitchen tools and gadgets, cutlery, cutting boards, shears, cookware, pantry ware, spice racks, and bakeware, as well as novelty kitchen tools, tableware accessories, party goods, personal accessories, and other products; and tableware products comprising dinnerware, stemware, flatware, and giftware.

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