Lifetime Brands (NASDAQ:LCUT) Upgraded at StockNews.com

StockNews.com upgraded shares of Lifetime Brands (NASDAQ:LCUT) from a hold rating to a buy rating in a research report report published on Saturday.

Other equities research analysts also recently issued reports about the company. 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 cut their target price on shares of 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 Down 1.8 %

NASDAQ LCUT opened at $5.91 on Friday. Lifetime Brands has a 12 month low of $5.25 and a 12 month high of $11.68. The company has a market capitalization of $130.97 million, a P/E ratio of -5.94, a PEG ratio of 0.61 and a beta of 1.26. The company’s 50 day simple moving average is $6.31 and its 200 day simple moving average is $7.97. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.35 and a quick ratio of 0.92.

Lifetime Brands (NASDAQ:LCUT) last announced its 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 for the quarter, compared to analyst estimates of $193.90 million. Lifetime Brands had a positive return on equity of 3.11% and a negative net margin of 3.19%. During the same period last year, the firm earned $0.36 earnings per share. Equities research analysts expect that Lifetime Brands will post 0.55 earnings per share for the current fiscal year.

Lifetime Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a $0.043 dividend. This represents a $0.17 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Friday, January 31st. Lifetime Brands’s dividend payout ratio is -17.17%.

Hedge Funds Weigh In On Lifetime Brands

Several institutional investors have recently bought and sold shares of LCUT. Empowered Funds LLC bought a new stake in shares of Lifetime Brands during the 1st quarter worth $726,000. Acadian Asset Management LLC boosted its holdings in Lifetime Brands by 13.2% during the first quarter. Acadian Asset Management LLC now owns 264,815 shares of the company’s stock valued at $2,773,000 after acquiring an additional 30,845 shares during the period. Heron Bay Capital Management grew its position in shares of Lifetime Brands by 81.1% in the first quarter. Heron Bay Capital Management now owns 18,690 shares of the company’s stock valued at $196,000 after purchasing an additional 8,369 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in Lifetime Brands by 20.9% in the 1st quarter. Gamco Investors INC. ET AL now owns 180,000 shares of the company’s stock valued at $1,886,000 after buying an additional 31,153 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Lifetime Brands by 22.8% during the second 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 currently owned by institutional investors.

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.