Lifetime Brands (NASDAQ:LCUT) Price Target Lowered to $6.00 at DA Davidson

Lifetime Brands (NASDAQ:LCUT) had its target price cut by equities research analysts at DA Davidson from $6.75 to $6.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. DA Davidson’s price objective indicates a potential upside of 4.44% from the stock’s current price.

Separately, StockNews.com raised shares of Lifetime Brands from a “hold” rating to a “buy” rating in a research report on Tuesday.

Lifetime Brands Trading Up 2.6 %

NASDAQ LCUT traded up $0.15 during trading on Thursday, hitting $5.75. The stock had a trading volume of 29,732 shares, compared to its average volume of 65,927. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.97 and a current ratio of 2.36. The stock has a market capitalization of $127.29 million, a price-to-earnings ratio of -5.80, a P/E/G ratio of 0.48 and a beta of 1.35. Lifetime Brands has a one year low of $4.70 and a one year high of $11.68. The stock has a 50 day simple moving average of $5.44 and a 200 day simple moving average of $5.90.

Lifetime Brands (NASDAQ:LCUT) last issued its quarterly earnings data on Thursday, March 13th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05. The company had revenue of $215.21 million for the quarter, compared to analyst estimates of $206.60 million. Lifetime Brands had a negative net margin of 3.19% and a positive return on equity of 3.13%. Sell-side analysts predict that Lifetime Brands will post 0.55 earnings per share for the current year.

Institutional Trading of Lifetime Brands

Several institutional investors have recently made changes to their positions in LCUT. JB Capital Partners LP lifted its stake in shares of Lifetime Brands by 32.7% in the fourth quarter. JB Capital Partners LP now owns 1,248,121 shares of the company’s stock worth $7,376,000 after buying an additional 307,307 shares during the last quarter. Martin & Co. Inc. TN increased its holdings in Lifetime Brands by 41.2% in the 4th quarter. Martin & Co. Inc. TN now owns 331,939 shares of the company’s stock valued at $1,962,000 after buying an additional 96,816 shares during the period. JPMorgan Chase & Co. increased its holdings in Lifetime Brands by 744.1% in the 4th quarter. JPMorgan Chase & Co. now owns 45,589 shares of the company’s stock valued at $269,000 after buying an additional 40,188 shares during the period. Northern Trust Corp boosted its stake in shares of Lifetime Brands by 22.5% in the 4th quarter. Northern Trust Corp now owns 133,160 shares of the company’s stock valued at $787,000 after purchasing an additional 24,445 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Lifetime Brands by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,260,722 shares of the company’s stock worth $7,450,000 after buying an additional 21,139 shares in the last quarter. 40.62% of the stock is currently owned by institutional investors and hedge funds.

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.