DA Davidson Cuts Lifetime Brands (NASDAQ:LCUT) Price Target to $6.00

Lifetime Brands (NASDAQ:LCUT) had its price target cut by analysts at DA Davidson from $6.75 to $6.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. DA Davidson’s target price would indicate a potential upside of 11.11% from the company’s previous close.

Separately, StockNews.com raised Lifetime Brands from a “hold” rating to a “buy” rating in a research report on Tuesday.

Lifetime Brands Stock Down 3.7 %

Shares of LCUT opened at $5.40 on Thursday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.97 and a current ratio of 2.36. The company has a 50-day simple moving average of $5.43 and a 200-day simple moving average of $5.88. Lifetime Brands has a 52 week low of $4.70 and a 52 week high of $11.68. The firm has a market capitalization of $119.65 million, a P/E ratio of -5.45, a P/E/G ratio of 0.48 and a beta of 1.35.

Lifetime Brands (NASDAQ:LCUT) last issued its quarterly earnings results on Thursday, March 13th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05. Lifetime Brands had a positive return on equity of 3.13% and a negative net margin of 3.19%. The firm had revenue of $215.21 million for the quarter, compared to analyst estimates of $206.60 million. On average, equities research analysts expect that Lifetime Brands will post 0.55 earnings per share for the current year.

Institutional Investors Weigh In On Lifetime Brands

Large investors have recently made changes to their positions in the company. Jane Street Group LLC bought a new position in Lifetime Brands during the 3rd quarter valued at about $67,000. BNP Paribas Financial Markets raised its stake in shares of Lifetime Brands by 657.8% in the third quarter. BNP Paribas Financial Markets now owns 18,096 shares of the company’s stock valued at $118,000 after acquiring an additional 15,708 shares during the last quarter. Corton Capital Inc. bought a new position in shares of Lifetime Brands in the fourth quarter valued at approximately $122,000. Barclays PLC grew its position in Lifetime Brands by 38.7% during the 3rd 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 last quarter. Finally, Quadrature Capital Ltd acquired a new stake in Lifetime Brands during the 3rd quarter valued at $128,000. 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.