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

Lifetime Brands, Inc. (NASDAQ:LCUT) was the recipient of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 119,333 shares, a decline of 16.6% from the January 29th total of 143,041 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average trading volume of 16,817 shares, the days-to-cover ratio is presently 7.1 days. Based on an average trading volume of 16,817 shares, the days-to-cover ratio is presently 7.1 days. Currently, 0.9% of the company’s stock are sold short.

Analysts Set New Price Targets

LCUT has been the topic of a number of recent research reports. Roth Mkm began coverage on Lifetime Brands in a research report on Friday, February 13th. They set a “buy” rating and a $5.00 price target on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Lifetime Brands in a report on Thursday, January 22nd. Canaccord Genuity Group reissued a “hold” rating and set a $3.50 price objective (down from $4.00) on shares of Lifetime Brands in a report on Monday, January 26th. Finally, Zacks Research raised Lifetime Brands from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Lifetime Brands has a consensus rating of “Hold” and an average price target of $4.83.

Institutional Investors Weigh In On Lifetime Brands

Institutional investors have recently added to or reduced their stakes in the stock. JB Capital Partners LP increased its position in Lifetime Brands by 2.5% in the fourth quarter. JB Capital Partners LP now owns 1,627,852 shares of the company’s stock worth $6,430,000 after purchasing an additional 40,000 shares during the last quarter. Jane Street Group LLC increased its stake in Lifetime Brands by 388.4% in the fourth quarter. Jane Street Group LLC now owns 51,795 shares of the company’s stock worth $205,000 after purchasing an additional 41,191 shares during the period. Ameriprise Financial Inc. boosted its position in Lifetime Brands by 0.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 913,425 shares of the company’s stock valued at $3,535,000 after buying an additional 4,703 shares during the period. Bridgeway Capital Management LLC increased its holdings in 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 purchasing an additional 8,820 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Lifetime Brands in the third quarter valued at about $118,000. 40.62% of the stock is owned by hedge funds and other institutional investors.

Lifetime Brands Stock Performance

LCUT stock remained flat at $3.20 during midday trading on Wednesday. The company had a trading volume of 14,554 shares, compared to its average volume of 21,482. The stock has a market capitalization of $72.50 million, a P/E ratio of -1.93, a PEG ratio of 0.45 and a beta of 1.29. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.11 and a current ratio of 2.71. Lifetime Brands has a fifty-two week low of $2.89 and a fifty-two week high of $5.78. The business has a 50 day simple moving average of $3.64 and a 200-day simple moving average of $3.71.

About Lifetime Brands

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.