Lifetime Brands (NASDAQ:LCUT) Upgraded by StockNews.com to Buy Rating

Lifetime Brands (NASDAQ:LCUT) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

LCUT has been the topic of a number of other reports. Canaccord Genuity Group lowered their price objective 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. DA Davidson dropped their price target on shares of Lifetime Brands from $14.00 to $11.50 and set a “buy” rating for the company in a research report on Wednesday, December 11th.

Lifetime Brands Stock Performance

LCUT traded up $0.15 during trading on Monday, hitting $5.58. The company’s stock had a trading volume of 50,689 shares, compared to its average volume of 33,256. The business’s 50 day simple moving average is $5.95 and its 200-day simple moving average is $6.64. The firm has a market cap of $123.64 million, a PE ratio of -5.64, a P/E/G ratio of 0.83 and a beta of 1.27. Lifetime Brands has a one year low of $5.25 and a one year high of $11.68. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.88.

Lifetime Brands (NASDAQ:LCUT) last announced its earnings results on Thursday, November 7th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). The company had revenue of $183.84 million during the quarter, compared to the consensus estimate of $193.90 million. Lifetime Brands had a positive return on equity of 3.13% and a negative net margin of 3.19%. During the same period in the prior year, the business posted $0.36 earnings per share. As a group, sell-side analysts predict that Lifetime Brands will post 0.55 EPS for the current fiscal year.

Institutional Investors Weigh In On Lifetime Brands

Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its stake in Lifetime Brands by 3.9% during the third quarter. Geode Capital Management LLC now owns 294,291 shares of the company’s stock valued at $1,925,000 after acquiring an additional 11,118 shares in the last quarter. Squarepoint Ops LLC grew 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 valued at $177,000 after purchasing an additional 4,575 shares in the last quarter. Barclays PLC increased its holdings in shares of Lifetime Brands by 38.7% in the third quarter. Barclays PLC now owns 19,016 shares of the company’s stock worth $124,000 after purchasing an additional 5,302 shares during the last quarter. JB Capital Partners LP lifted its position in shares of Lifetime Brands by 13.0% in the third quarter. JB Capital Partners LP now owns 940,814 shares of the company’s stock worth $6,106,000 after buying an additional 108,193 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted 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 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.