StockNews.com Lowers Lifetime Brands (NASDAQ:LCUT) to Hold

StockNews.com cut shares of Lifetime Brands (NASDAQ:LCUT) from a buy rating to a hold rating in a research report sent to investors on Monday morning.

LCUT has been the topic of several other research reports. 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 dropped their price objective on Lifetime Brands from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, October 18th.

Lifetime Brands Trading Down 2.8 %

LCUT opened at $5.89 on Monday. The stock has a market cap of $130.01 million, a price-to-earnings ratio of -21.81, a P/E/G ratio of 0.63 and a beta of 1.25. The stock’s 50 day moving average price is $6.65 and its 200-day moving average price is $8.33. Lifetime Brands has a one year low of $4.96 and a one year high of $11.68. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.92 and a current ratio of 2.35.

Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Lifetime Brands had a positive return on equity of 4.51% and a negative net margin of 2.58%. The firm had revenue of $141.67 million during the quarter, compared to the consensus estimate of $41.90 million. During the same period last year, the company earned ($0.02) EPS. On average, equities analysts forecast that Lifetime Brands will post 0.7 EPS for the current year.

Lifetime Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.043 per share. The ex-dividend date is Friday, November 1st. This represents a $0.17 dividend on an annualized basis and a yield of 2.92%. Lifetime Brands’s dividend payout ratio is currently -62.96%.

Institutional Trading of Lifetime Brands

A number of hedge funds have recently bought and sold shares of the stock. Essex Investment Management Co. LLC lifted its holdings in Lifetime Brands by 1.6% during the first quarter. Essex Investment Management Co. LLC now owns 203,575 shares of the company’s stock worth $2,133,000 after buying an additional 3,129 shares during the period. Squarepoint Ops LLC lifted its holdings in shares of Lifetime Brands by 28.5% during the 2nd quarter. Squarepoint Ops LLC now owns 20,621 shares of the company’s stock valued at $177,000 after purchasing an additional 4,575 shares during the last quarter. Heron Bay Capital Management lifted its holdings in shares of Lifetime Brands by 81.1% during the 1st 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. Mackenzie Financial Corp purchased a new stake in shares of Lifetime Brands during the 2nd quarter valued at $87,000. Finally, Rhumbline Advisers lifted its holdings in shares of Lifetime Brands by 579.0% during the 2nd quarter. Rhumbline Advisers now owns 13,173 shares of the company’s stock valued at $113,000 after purchasing an additional 11,233 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.