Lifetime Brands (NASDAQ:LCUT) Rating Lowered to “Hold” at StockNews.com

StockNews.com lowered shares of Lifetime Brands (NASDAQ:LCUT) from a buy rating to a hold rating in a research note released on Friday.

LCUT has been the subject of a number of other research reports. 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 note on Friday, October 18th. DA Davidson lowered their price objective on Lifetime Brands from $14.00 to $11.50 and set a “buy” rating on the stock in a report on Wednesday, December 11th.

Lifetime Brands Stock Down 1.5 %

Shares of LCUT opened at $6.40 on Friday. The firm has a market cap of $141.80 million, a P/E ratio of -6.46, a PEG ratio of 0.82 and a beta of 1.29. Lifetime Brands has a 12 month low of $5.25 and a 12 month high of $11.68. The stock’s 50 day moving average is $6.03 and its two-hundred day moving average is $7.25. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.88.

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 business had revenue of $183.84 million for the quarter, compared to analysts’ expectations 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 quarter last year, the business earned $0.36 EPS. Analysts predict that Lifetime Brands will post 0.55 earnings per share for the current fiscal year.

Lifetime Brands Dividend Announcement

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 paid a dividend of $0.043 per share. The ex-dividend date is Friday, January 31st. This represents a $0.17 annualized dividend and a yield of 2.69%. Lifetime Brands’s dividend payout ratio (DPR) is presently -17.17%.

Institutional Trading of Lifetime Brands

Several large investors have recently bought and sold shares of LCUT. Bank of New York Mellon Corp lifted its stake 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 worth $1,299,000 after purchasing an additional 28,104 shares in the last quarter. Panagora Asset Management Inc. acquired a new stake in shares of Lifetime Brands in the second quarter valued at approximately $450,000. Rhumbline Advisers lifted its position in Lifetime Brands by 579.0% during the second quarter. Rhumbline Advisers now owns 13,173 shares of the company’s stock worth $113,000 after buying an additional 11,233 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Lifetime Brands by 20.4% during the second quarter. Acadian Asset Management LLC now owns 318,957 shares of the company’s stock worth $2,737,000 after buying an additional 54,142 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake 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 buying an additional 75,475 shares during the last quarter. Hedge funds and other institutional investors own 40.62% of the company’s stock.

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.