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

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

Other equities analysts have also recently issued research reports about the company. DA Davidson downgraded Lifetime Brands from a “buy” rating to a “neutral” rating and cut their target price for the stock from $11.50 to $6.75 in a research note on Monday. Canaccord Genuity Group cut their price objective on Lifetime Brands from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, October 18th.

Lifetime Brands Stock Performance

Shares of LCUT opened at $5.38 on Tuesday. Lifetime Brands has a 1 year low of $5.25 and a 1 year high of $11.68. The stock has a market capitalization of $119.20 million, a P/E ratio of -5.43, a P/E/G ratio of 0.63 and a beta of 1.28. 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 company’s fifty day moving average is $6.00 and its two-hundred day moving average is $6.43.

Lifetime Brands (NASDAQ:LCUT) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). The firm had revenue of $183.84 million for the quarter, compared to analyst estimates 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 last year, the firm earned $0.36 earnings per share. On average, sell-side analysts predict that Lifetime Brands will post 0.55 earnings per share for the current year.

Institutional Investors Weigh In On Lifetime Brands

Several institutional investors have recently modified their holdings of LCUT. Squarepoint Ops LLC raised its holdings in 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 purchasing an additional 4,575 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Lifetime Brands by 5.3% during the 3rd 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 last quarter. Barclays PLC raised its stake in shares of Lifetime Brands by 38.7% during the 3rd quarter. Barclays PLC now owns 19,016 shares of the company’s stock worth $124,000 after buying an additional 5,302 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in shares of Lifetime Brands in the 2nd quarter worth about $87,000. Finally, Jane Street Group LLC acquired a new stake in Lifetime Brands in the 3rd quarter valued at about $67,000. 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.