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

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

Other research analysts have also issued research reports about the stock. Canaccord Genuity Group lowered their price objective on shares of Lifetime Brands from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, October 18th. 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.

Lifetime Brands Price Performance

Shares of LCUT opened at $6.06 on Monday. Lifetime Brands has a 1-year low of $4.96 and a 1-year high of $11.68. The stock has a market cap of $133.76 million, a PE ratio of -22.44, a P/E/G ratio of 0.63 and a beta of 1.25. The firm has a 50-day simple moving average of $6.67 and a two-hundred day simple moving average of $8.34. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.35 and a quick ratio of 0.92.

Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Lifetime Brands had a negative net margin of 2.58% and a positive return on equity of 4.51%. The company had revenue of $141.67 million for the quarter, compared to analyst estimates of $41.90 million. During the same quarter in the prior year, the business earned ($0.02) earnings per share. As a group, analysts forecast that Lifetime Brands will post 0.7 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp purchased a new position in Lifetime Brands in the second quarter worth approximately $87,000. Squarepoint Ops LLC lifted its stake in Lifetime Brands by 28.5% in 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 last quarter. Renaissance Technologies LLC lifted its stake in Lifetime Brands by 14.8% in the second quarter. Renaissance Technologies LLC now owns 108,051 shares of the company’s stock worth $928,000 after acquiring an additional 13,900 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Lifetime Brands by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,216,375 shares of the company’s stock worth $10,449,000 after acquiring an additional 38,471 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in 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 acquiring an additional 75,475 shares during the last quarter. Hedge funds and other institutional investors 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.