StockNews.com Upgrades Lifetime Brands (NASDAQ:LCUT) to Buy

Lifetime Brands (NASDAQ:LCUT) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Saturday.

LCUT has been the subject of several other reports. DA Davidson increased their price objective on Lifetime Brands from $13.50 to $14.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Canaccord Genuity Group lowered their price target on Lifetime Brands from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, October 18th.

Lifetime Brands Stock Performance

LCUT opened at $6.02 on Friday. Lifetime Brands has a 1-year low of $5.25 and a 1-year high of $11.68. The company has a market cap of $133.40 million, a price-to-earnings ratio of -7.43, a PEG ratio of 0.67 and a beta of 1.26. The company’s fifty day moving average price is $6.31 and its two-hundred day moving average price is $8.00. The company has a current ratio of 2.35, a quick ratio of 0.92 and a debt-to-equity ratio of 0.75.

Lifetime Brands (NASDAQ:LCUT) last posted its earnings results on Thursday, August 8th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Lifetime Brands had a positive return on equity of 4.51% and a negative net margin of 2.58%. The business had revenue of $141.67 million during the quarter, compared to analyst estimates of $41.90 million. During the same quarter in the prior year, the company earned ($0.02) EPS. On average, analysts expect that Lifetime Brands will post 0.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Lifetime Brands

Institutional investors have recently modified their holdings of the business. Empowered Funds LLC bought a new stake in Lifetime Brands during the first quarter worth $726,000. Acadian Asset Management LLC increased its position in shares of Lifetime Brands by 13.2% during the 1st quarter. Acadian Asset Management LLC now owns 264,815 shares of the company’s stock valued at $2,773,000 after purchasing an additional 30,845 shares during the last quarter. Heron Bay Capital Management raised its stake in shares of Lifetime Brands by 81.1% during the 1st quarter. Heron Bay Capital Management now owns 18,690 shares of the company’s stock worth $196,000 after purchasing an additional 8,369 shares during the period. Gamco Investors INC. ET AL boosted its holdings in shares of Lifetime Brands by 20.9% in the 1st quarter. Gamco Investors INC. ET AL now owns 180,000 shares of the company’s stock worth $1,886,000 after buying an additional 31,153 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Lifetime Brands by 22.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 151,186 shares of the company’s stock worth $1,299,000 after buying an additional 28,104 shares during the last quarter. 40.62% of the stock is owned by institutional investors.

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.