Guardian Wealth Management Inc. Sells 2,629 Shares of Lifetime Brands, Inc. (NASDAQ:LCUT)

Guardian Wealth Management Inc. trimmed its position in shares of Lifetime Brands, Inc. (NASDAQ:LCUT) by 2.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 129,182 shares of the company’s stock after selling 2,629 shares during the period. Guardian Wealth Management Inc. owned about 0.58% of Lifetime Brands worth $845,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Barclays PLC lifted its stake in Lifetime Brands by 38.7% in the third quarter. Barclays PLC now owns 19,016 shares of the company’s stock worth $124,000 after acquiring an additional 5,302 shares during the period. Jane Street Group LLC bought a new position in Lifetime Brands in the 3rd quarter worth $67,000. SageView Advisory Group LLC raised its holdings in Lifetime Brands by 89.3% in the 3rd quarter. SageView Advisory Group LLC now owns 24,421 shares of the company’s stock worth $160,000 after purchasing an additional 11,521 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Lifetime Brands in the 3rd quarter worth about $128,000. Finally, JB Capital Partners LP boosted its stake in shares of Lifetime Brands by 13.0% during the 3rd quarter. JB Capital Partners LP now owns 940,814 shares of the company’s stock valued at $6,106,000 after purchasing an additional 108,193 shares in the last quarter. 40.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Canaccord Genuity Group decreased their price target on shares of Lifetime Brands from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, October 18th. DA Davidson increased their target price on Lifetime Brands from $13.50 to $14.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, StockNews.com upgraded Lifetime Brands from a “hold” rating to a “buy” rating in a research report on Saturday, November 9th.

Lifetime Brands Trading Up 6.2 %

NASDAQ:LCUT opened at $6.87 on Monday. The stock’s 50 day simple moving average is $6.04 and its two-hundred day simple moving average is $7.37. Lifetime Brands, Inc. has a 1 year low of $5.25 and a 1 year high of $11.68. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.88.

Lifetime Brands (NASDAQ:LCUT) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.17). Lifetime Brands had a negative net margin of 3.19% and a positive return on equity of 3.13%. The company had revenue of $183.84 million for the quarter, compared to analysts’ expectations of $193.90 million. During the same quarter in the previous year, the company posted $0.36 EPS. As a group, analysts anticipate that Lifetime Brands, Inc. will post 0.55 earnings per share for the current year.

Lifetime Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a dividend of $0.043 per share. This represents a $0.17 annualized dividend and a yield of 2.50%. The ex-dividend date is Friday, January 31st. Lifetime Brands’s payout ratio is -17.17%.

About Lifetime Brands

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.