Lifetime Brands (NASDAQ:LCUT) Upgraded by StockNews.com to “Buy” Rating

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

Several other equities research analysts have also issued reports on the stock. Canaccord Genuity Group lowered their target price on shares of 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 upped their price target on Lifetime Brands from $13.50 to $14.00 and gave the stock a “buy” rating in a report on Monday, August 12th.

Lifetime Brands Stock Down 1.5 %

Shares of LCUT stock opened at $5.82 on Friday. The company has a current ratio of 2.35, a quick ratio of 0.92 and a debt-to-equity ratio of 0.75. Lifetime Brands has a twelve month low of $5.25 and a twelve month high of $11.68. The stock has a 50 day moving average of $6.29 and a 200 day moving average of $7.95. The stock has a market cap of $128.95 million, a P/E ratio of -5.97, a P/E/G ratio of 0.61 and a beta of 1.26.

Lifetime Brands (NASDAQ:LCUT) last posted its earnings results on Thursday, November 7th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.17). Lifetime Brands had a negative net margin of 3.19% and a positive return on equity of 3.11%. The firm had revenue of $183.84 million for the quarter, compared to analysts’ expectations of $193.90 million. During the same period last year, the firm earned $0.36 earnings per share. As a group, sell-side analysts expect that Lifetime Brands will post 0.55 EPS for the current year.

Lifetime Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a $0.043 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.17 annualized dividend and a yield of 2.96%. Lifetime Brands’s payout ratio is -17.17%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC lifted its stake in 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 acquiring an additional 4,824 shares in the last quarter. Royce & Associates LP increased its stake in Lifetime Brands by 9.7% during the third quarter. Royce & Associates LP now owns 130,841 shares of the company’s stock worth $856,000 after purchasing an additional 11,547 shares during the period. Mackenzie Financial Corp purchased a new stake in Lifetime Brands during the second quarter worth about $87,000. Squarepoint Ops LLC lifted its position in shares of 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 in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Lifetime Brands by 14.8% in the second quarter. Renaissance Technologies LLC now owns 108,051 shares of the company’s stock valued at $928,000 after purchasing an additional 13,900 shares during the period. 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.