Lifetime Brands (NASDAQ:LCUT) Price Target Raised to $11.50

Lifetime Brands (NASDAQ:LCUT) had its target price upped by DA Davidson from $9.50 to $11.50 in a report released on Monday morning, Benzinga reports. DA Davidson currently has a buy rating on the stock.

LCUT has been the topic of a number of other research reports. StockNews.com raised shares of Lifetime Brands from a buy rating to a strong-buy rating in a report on Thursday, November 30th. TheStreet upgraded shares of Lifetime Brands from a d+ rating to a c- rating in a research report on Monday, March 11th. Finally, Canaccord Genuity Group raised their price objective on shares of Lifetime Brands from $8.00 to $11.00 and gave the stock a buy rating in a report on Wednesday, March 13th.

Lifetime Brands Stock Up 3.5 %

Shares of NASDAQ:LCUT opened at $9.82 on Monday. Lifetime Brands has a 1 year low of $4.31 and a 1 year high of $10.58. The company has a market capitalization of $214.17 million, a PE ratio of -25.18, a price-to-earnings-growth ratio of 0.96 and a beta of 1.34. The business has a fifty day moving average price of $9.17 and a two-hundred day moving average price of $7.10. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.48 and a quick ratio of 1.24.

Lifetime Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a $0.043 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 1.75%. Lifetime Brands’s dividend payout ratio (DPR) is currently -43.59%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp grew its stake in Lifetime Brands by 4.3% in the 1st quarter. Bank of New York Mellon Corp now owns 132,895 shares of the company’s stock worth $1,706,000 after buying an additional 5,434 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Lifetime Brands by 1.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,308,005 shares of the company’s stock worth $16,795,000 after purchasing an additional 15,440 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Lifetime Brands by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 633,633 shares of the company’s stock valued at $8,136,000 after purchasing an additional 5,192 shares during the last quarter. Teton Advisors Inc. lifted its position in Lifetime Brands by 2.0% in the 1st quarter. Teton Advisors Inc. now owns 256,175 shares of the company’s stock worth $3,289,000 after buying an additional 5,000 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Lifetime Brands by 10.7% in the first quarter. Renaissance Technologies LLC now owns 79,500 shares of the company’s stock worth $1,021,000 after buying an additional 7,700 shares in 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.