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

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

LCUT has been the topic of several other reports. Canaccord Genuity Group lowered their price target on shares of Lifetime Brands from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, October 18th. DA Davidson downgraded shares of Lifetime Brands from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $11.50 to $6.75 in a research report on Monday.

Lifetime Brands Stock Down 2.8 %

NASDAQ LCUT opened at $5.62 on Tuesday. The firm has a market capitalization of $124.54 million, a price-to-earnings ratio of -5.68, a PEG ratio of 0.63 and a beta of 1.28. Lifetime Brands has a 52 week low of $5.25 and a 52 week 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. The company has a fifty day moving average of $6.00 and a two-hundred day moving average of $6.45.

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 firm 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 quarter in the prior year, the firm posted $0.36 earnings per share. On average, analysts predict that Lifetime Brands will post 0.55 earnings per share for the current year.

Institutional Investors Weigh In On Lifetime Brands

A number of hedge funds and other institutional investors have recently modified their holdings of LCUT. Renaissance Technologies LLC raised its stake in Lifetime Brands by 14.8% during the 2nd quarter. Renaissance Technologies LLC now owns 108,051 shares of the company’s stock worth $928,000 after acquiring an additional 13,900 shares in the last quarter. Squarepoint Ops LLC increased its stake 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 acquiring an additional 4,575 shares during the period. Mackenzie Financial Corp acquired a new position in Lifetime Brands during the second quarter worth about $87,000. Royce & Associates LP grew its position in Lifetime Brands by 9.7% during the third quarter. Royce & Associates LP now owns 130,841 shares of the company’s stock worth $856,000 after buying an additional 11,547 shares during the period. Finally, Empowered Funds LLC grew its position in Lifetime Brands by 5.3% during the third quarter. Empowered Funds LLC now owns 96,093 shares of the company’s stock worth $628,000 after buying an additional 4,824 shares during the period. 40.62% of the stock is currently owned by institutional investors and hedge funds.

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.