StockNews.com Upgrades Lifetime Brands (NASDAQ:LCUT) to “Buy”

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

LCUT has been the topic of a number of other reports. Canaccord Genuity Group reduced their price target on shares of Lifetime Brands from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, October 18th. DA Davidson lifted their target price on Lifetime Brands from $13.50 to $14.00 and gave the stock a “buy” rating in a report on Monday, August 12th.

Lifetime Brands Stock Down 0.1 %

Shares of Lifetime Brands stock opened at $5.71 on Tuesday. The business has a fifty day simple moving average of $6.41 and a 200 day simple moving average of $8.11. The stock has a market cap of $126.53 million, a PE ratio of -7.05, a price-to-earnings-growth ratio of 0.57 and a beta of 1.25. The company has a quick ratio of 0.92, a current ratio of 2.35 and a debt-to-equity ratio of 0.75. Lifetime Brands has a 12 month low of $5.25 and a 12 month high of $11.68.

Lifetime Brands (NASDAQ:LCUT) last posted its earnings results 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). The company had revenue of $141.67 million for 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 quarter in the previous year, the firm posted ($0.02) earnings per share. Research analysts predict that Lifetime Brands will post 0.7 EPS for the current year.

Lifetime Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a $0.043 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Friday, November 1st. Lifetime Brands’s payout ratio is currently -20.99%.

Institutional Investors Weigh In On Lifetime Brands

Large investors have recently made changes to their positions in the stock. Mackenzie Financial Corp acquired a new position in Lifetime Brands in the 2nd quarter worth $87,000. Squarepoint Ops LLC boosted its position in shares of Lifetime Brands by 28.5% during the second 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. Renaissance Technologies LLC grew its holdings in shares of Lifetime Brands by 14.8% during the second quarter. Renaissance Technologies LLC now owns 108,051 shares of the company’s stock worth $928,000 after buying an additional 13,900 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Lifetime Brands by 3.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,216,375 shares of the company’s stock worth $10,449,000 after buying an additional 38,471 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Lifetime Brands by 88.0% in the 2nd quarter. American Century Companies Inc. now owns 161,252 shares of the company’s stock valued at $1,385,000 after buying an additional 75,475 shares during the last quarter. 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.