Lifetime Brands (NASDAQ:LCUT) Rating Increased to Buy at StockNews.com

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

A number of other research analysts have also recently weighed in on LCUT. Canaccord Genuity Group cut their price objective on shares of Lifetime Brands from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, October 18th. DA Davidson cut their target price on shares of Lifetime Brands from $14.00 to $11.50 and set a “buy” rating for the company in a research note on Wednesday, December 11th.

Lifetime Brands Stock Performance

Shares of LCUT stock opened at $5.65 on Monday. Lifetime Brands has a 52-week low of $5.25 and a 52-week 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. The stock has a market cap of $125.19 million, a PE ratio of -5.71, a price-to-earnings-growth ratio of 0.83 and a beta of 1.27. The business has a 50-day simple moving average of $5.94 and a 200-day simple moving average of $6.62.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JB Capital Partners LP grew its holdings in shares of Lifetime Brands by 13.0% during the third quarter. JB Capital Partners LP now owns 940,814 shares of the company’s stock worth $6,106,000 after buying an additional 108,193 shares in the last quarter. American Century Companies Inc. boosted its position in Lifetime Brands by 88.0% during the second quarter. American Century Companies Inc. now owns 161,252 shares of the company’s stock worth $1,385,000 after acquiring an additional 75,475 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Lifetime Brands by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,216,375 shares of the company’s stock valued at $10,449,000 after acquiring an additional 38,471 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in 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 valued at $1,299,000 after acquiring an additional 28,104 shares during the last quarter. Finally, Hohimer Wealth Management LLC purchased a new position in Lifetime Brands in the 3rd quarter worth approximately $133,000. Hedge funds and other institutional investors own 40.62% of the company’s stock.

Lifetime Brands Company Profile

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.