Lifetime Brands (NASDAQ:LCUT) Rating Increased to Buy at StockNews.com

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

A number of other research firms also recently commented on LCUT. Canaccord Genuity Group dropped their price objective on Lifetime Brands from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. DA Davidson lowered their target price on Lifetime Brands from $14.00 to $11.50 and set a “buy” rating on the stock in a report on Wednesday, December 11th.

Lifetime Brands Stock Performance

LCUT stock opened at $5.58 on Monday. The company has a 50-day simple moving average of $5.95 and a 200 day simple moving average of $6.64. The company has a market capitalization of $123.64 million, a P/E ratio of -5.64, a PEG ratio of 0.83 and a beta of 1.27. 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 has a fifty-two week low of $5.25 and a fifty-two week high of $11.68.

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

Lifetime Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a $0.043 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.17 annualized dividend and a dividend yield of 3.08%. Lifetime Brands’s dividend payout ratio is currently -17.17%.

Institutional Investors Weigh In On Lifetime Brands

Several large investors have recently modified their holdings of the stock. Jane Street Group LLC purchased a new stake in shares of Lifetime Brands during the third quarter valued at $67,000. Mackenzie Financial Corp acquired a new stake in Lifetime Brands during the 2nd quarter worth about $87,000. Rhumbline Advisers lifted its stake in Lifetime Brands by 579.0% during the second quarter. Rhumbline Advisers now owns 13,173 shares of the company’s stock valued at $113,000 after buying an additional 11,233 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Lifetime Brands by 657.8% in the third quarter. BNP Paribas Financial Markets now owns 18,096 shares of the company’s stock worth $118,000 after buying an additional 15,708 shares during the period. Finally, Barclays PLC increased its position 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 acquiring an additional 5,302 shares in the last quarter. 40.62% of the stock is owned by institutional investors.

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.