Lifetime Brands (NASDAQ:LCUT) Stock Rating Upgraded by StockNews.com

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

A number of other research analysts have also issued reports on the stock. Canaccord Genuity Group reduced 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 cut their price target 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 1.3 %

NASDAQ:LCUT opened at $6.00 on Wednesday. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.88. The stock has a 50 day moving average of $5.94 and a 200-day moving average of $6.54. The firm has a market capitalization of $132.94 million, a PE ratio of -6.06, a price-to-earnings-growth ratio of 0.58 and a beta of 1.27. Lifetime Brands has a 52 week low of $5.25 and a 52 week high of $11.68.

Lifetime Brands (NASDAQ:LCUT) last issued its earnings results on Thursday, November 7th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate 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 positive return on equity of 3.13% and a negative net margin of 3.19%. During the same period in the prior year, the business earned $0.36 earnings per share. Analysts predict that Lifetime Brands will post 0.55 EPS for the current year.

Lifetime Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a $0.043 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.17 dividend on an annualized basis and a yield of 2.87%. Lifetime Brands’s dividend payout ratio is presently -17.17%.

Institutional Trading of Lifetime Brands

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new position in shares of Lifetime Brands during the third quarter valued at approximately $67,000. Mackenzie Financial Corp bought a new position in Lifetime Brands during the 2nd quarter valued at $87,000. Rhumbline Advisers raised its stake in shares of Lifetime Brands by 579.0% in the 2nd 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. BNP Paribas Financial Markets lifted its holdings 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 buying an additional 15,708 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Lifetime Brands by 38.7% in the third quarter. Barclays PLC now owns 19,016 shares of the company’s stock valued at $124,000 after buying an additional 5,302 shares during the period. 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.