DA Davidson Downgrades Lifetime Brands (NASDAQ:LCUT) to Neutral

Lifetime Brands (NASDAQ:LCUT) was downgraded by equities research analysts at DA Davidson from a “buy” rating to a “neutral” rating in a research report issued on Monday, Marketbeat reports. They presently have a $6.75 price target on the stock, down from their previous price target of $11.50. DA Davidson’s target price points to a potential upside of 20.11% from the company’s current price.

Other research analysts also recently issued reports about the company. StockNews.com raised Lifetime Brands from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Canaccord Genuity Group dropped 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.

Lifetime Brands Stock Down 2.8 %

NASDAQ:LCUT opened at $5.62 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.97 and a current ratio of 2.36. The firm has a market cap of $124.54 million, a P/E ratio of -5.68, a P/E/G ratio of 0.63 and a beta of 1.28. Lifetime Brands has a fifty-two week low of $5.25 and a fifty-two week high of $11.68. The firm has a 50-day simple moving average of $6.00 and a two-hundred day simple moving average of $6.45.

Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings data 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). The firm had revenue of $183.84 million during the quarter, compared to analysts’ expectations 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 previous year, the firm earned $0.36 earnings per share. Analysts predict that Lifetime Brands will post 0.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lifetime Brands

Large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Lifetime Brands by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,216,375 shares of the company’s stock worth $10,449,000 after purchasing an additional 38,471 shares in the last quarter. JB Capital Partners LP grew its holdings in Lifetime Brands by 13.0% during the third quarter. JB Capital Partners LP now owns 940,814 shares of the company’s stock valued at $6,106,000 after purchasing an additional 108,193 shares during the period. Martin & Co. Inc. TN increased its position in Lifetime Brands by 41.2% in the fourth quarter. Martin & Co. Inc. TN now owns 331,939 shares of the company’s stock worth $1,962,000 after buying an additional 96,816 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Lifetime Brands by 3.9% in the third quarter. Geode Capital Management LLC now owns 294,291 shares of the company’s stock worth $1,925,000 after buying an additional 11,118 shares during the period. Finally, Royce & Associates LP lifted its position in shares of Lifetime Brands by 9.7% during the 3rd quarter. Royce & Associates LP now owns 130,841 shares of the company’s stock valued at $856,000 after buying an additional 11,547 shares in the last quarter. 40.62% of the stock is currently 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.