StockNews.com Upgrades Lifetime Brands (NASDAQ:LCUT) to “Buy”

Lifetime Brands (NASDAQ:LCUT) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

Several other research firms also recently commented on LCUT. DA Davidson reduced their price objective on Lifetime Brands from $14.00 to $11.50 and set a “buy” rating on the stock in a report on Wednesday, December 11th. Canaccord Genuity Group cut their price target 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.

Lifetime Brands Stock Up 0.5 %

NASDAQ:LCUT opened at $6.08 on Wednesday. The company has a market cap of $134.73 million, a price-to-earnings ratio of -6.14, a price-to-earnings-growth ratio of 0.60 and a beta of 1.27. Lifetime Brands has a twelve month low of $5.25 and a twelve month high of $11.68. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.88. The stock has a fifty day simple moving average of $5.93 and a 200-day simple moving average of $6.56.

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 company 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 quarter in the previous year, the business earned $0.36 EPS. Analysts anticipate that Lifetime Brands will post 0.55 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in LCUT. Jane Street Group LLC bought a new stake in Lifetime Brands during the third quarter valued at about $67,000. Geode Capital Management LLC boosted its holdings in shares of Lifetime Brands by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 294,291 shares of the company’s stock valued at $1,925,000 after buying an additional 11,118 shares in the last quarter. Barclays PLC grew its position in shares of Lifetime Brands by 38.7% in 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. Squarepoint Ops LLC raised its stake in shares of Lifetime Brands by 28.5% during the 2nd quarter. Squarepoint Ops LLC now owns 20,621 shares of the company’s stock worth $177,000 after acquiring an additional 4,575 shares in the last quarter. Finally, JB Capital Partners LP lifted its position 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 acquiring an additional 108,193 shares during the last quarter. 40.62% of the stock is currently owned by hedge funds and other institutional investors.

About Lifetime Brands

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.