Lifetime Brands (NASDAQ:LCUT) Rating Increased to Buy at StockNews.com

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

Other research analysts have also recently issued reports about the stock. DA Davidson decreased their price objective on shares of Lifetime Brands from $14.00 to $11.50 and set a “buy” rating for the company in a report on Wednesday, December 11th. Canaccord Genuity Group lowered their price target on Lifetime Brands from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, October 18th.

Lifetime Brands Trading Down 3.0 %

Lifetime Brands stock opened at $6.05 on Wednesday. The company has a market capitalization of $134.07 million, a price-to-earnings ratio of -6.11, a price-to-earnings-growth ratio of 0.59 and a beta of 1.27. The business’s fifty day simple moving average is $5.92 and its two-hundred day simple moving average is $6.56. Lifetime Brands has a 12 month low of $5.25 and a 12 month high of $11.68. 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 issued its earnings results on Thursday, November 7th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.17). Lifetime Brands had a negative net margin of 3.19% and a positive return on equity of 3.13%. The business had revenue of $183.84 million for the quarter, compared to analysts’ expectations of $193.90 million. During the same quarter in the prior year, the business posted $0.36 earnings per share. As a group, equities 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. Investors of record on Friday, January 31st will be given a dividend of $0.043 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.17 annualized dividend and a yield of 2.84%. Lifetime Brands’s dividend payout ratio (DPR) is -17.17%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new position in Lifetime Brands in the 3rd quarter worth $67,000. Mackenzie Financial Corp purchased a new position in shares of Lifetime Brands during the 2nd quarter valued at about $87,000. Rhumbline Advisers grew its stake 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 acquiring an additional 11,233 shares during the period. BNP Paribas Financial Markets increased its holdings in Lifetime Brands by 657.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 18,096 shares of the company’s stock worth $118,000 after acquiring an additional 15,708 shares in the last quarter. Finally, Barclays PLC increased its holdings in Lifetime Brands by 38.7% in the 3rd quarter. Barclays PLC now owns 19,016 shares of the company’s stock worth $124,000 after acquiring an additional 5,302 shares in the last quarter. 40.62% of the stock is currently owned by institutional investors.

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.