Lifetime Brands (NASDAQ:LCUT) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Lifetime Brands, Inc. (NASDAQ:LCUT)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.51 and traded as high as $6.82. Lifetime Brands shares last traded at $6.48, with a volume of 225,096 shares traded.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LCUT. StockNews.com raised Lifetime Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Canaccord Genuity Group decreased 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. Finally, DA Davidson decreased their price objective on Lifetime Brands from $14.00 to $11.50 and set a “buy” rating on the stock in a research note on Wednesday, December 11th.

Lifetime Brands Price Performance

The firm has a 50 day moving average price of $5.99 and a 200 day moving average price of $6.51. 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 stock has a market cap of $143.60 million, a P/E ratio of -6.55, a P/E/G ratio of 0.61 and a beta of 1.27.

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

Lifetime Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a dividend of $0.043 per share. This represents a $0.17 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Friday, January 31st. Lifetime Brands’s dividend payout ratio (DPR) is presently -17.17%.

Institutional Trading of Lifetime Brands

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. JB Capital Partners LP grew its holdings in Lifetime Brands by 13.0% during the 3rd quarter. JB Capital Partners LP now owns 940,814 shares of the company’s stock valued at $6,106,000 after buying an additional 108,193 shares in the last quarter. Martin & Co. Inc. TN grew its holdings in Lifetime Brands by 41.2% during the 4th quarter. Martin & Co. Inc. TN now owns 331,939 shares of the company’s stock valued at $1,962,000 after buying an additional 96,816 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Lifetime Brands by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,216,375 shares of the company’s stock valued at $10,449,000 after buying an additional 38,471 shares in the last quarter. Hohimer Wealth Management LLC purchased a new position in Lifetime Brands during the 3rd quarter valued at approximately $133,000. Finally, Quadrature Capital Ltd purchased a new position in Lifetime Brands during the 3rd quarter valued at approximately $128,000. 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.