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

StockNews.com downgraded shares of Lifetime Brands (NASDAQ:LCUT) from a buy rating to a hold rating in a research note issued to investors on Monday.

A number of other research firms have also commented on LCUT. DA Davidson raised their price objective on shares of Lifetime Brands from $13.50 to $14.00 and gave the company a “buy” rating in a research note on Monday, August 12th. 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 research report on Friday, October 18th.

Lifetime Brands Trading Down 3.4 %

Shares of LCUT stock opened at $5.69 on Monday. Lifetime Brands has a 1 year low of $4.96 and a 1 year high of $11.68. The firm has a market capitalization of $125.60 million, a PE ratio of -21.07, a price-to-earnings-growth ratio of 0.63 and a beta of 1.25. The stock has a fifty day moving average of $6.61 and a two-hundred day moving average of $8.31. 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 posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The company had revenue of $141.67 million during the quarter, compared to analyst estimates of $41.90 million. Lifetime Brands had a positive return on equity of 4.51% and a negative net margin of 2.58%. During the same period in the previous year, the company earned ($0.02) EPS. As a group, research analysts expect that Lifetime Brands will post 0.7 EPS for the current year.

Lifetime Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.043 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.17 dividend on an annualized basis and a dividend yield of 3.02%. Lifetime Brands’s payout ratio is currently -62.96%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC acquired a new position in shares of Lifetime Brands in the 1st quarter worth $726,000. Acadian Asset Management LLC increased its stake in Lifetime Brands by 20.4% in the 2nd quarter. Acadian Asset Management LLC now owns 318,957 shares of the company’s stock worth $2,737,000 after purchasing an additional 54,142 shares in the last quarter. Squarepoint Ops LLC raised its holdings in Lifetime Brands by 28.5% during the 2nd quarter. Squarepoint Ops LLC now owns 20,621 shares of the company’s stock worth $177,000 after buying an additional 4,575 shares during the period. Bank of New York Mellon Corp lifted its stake in Lifetime Brands by 22.8% during the second quarter. Bank of New York Mellon Corp now owns 151,186 shares of the company’s stock valued at $1,299,000 after buying an additional 28,104 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Lifetime Brands by 88.0% in the second quarter. American Century Companies Inc. now owns 161,252 shares of the company’s stock worth $1,385,000 after buying an additional 75,475 shares during the period. Institutional investors and hedge funds own 40.62% of the company’s stock.

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.