Lifetime Brands (NASDAQ:LCUT) Now Covered by Analysts at Roth Mkm

Roth Mkm assumed coverage on shares of Lifetime Brands (NASDAQ:LCUT) in a research report sent to investors on Friday morning, Marketbeat reports. The firm issued a buy rating and a $5.00 price target on the stock.

A number of other equities research analysts have also recently weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lifetime Brands in a research report on Thursday, January 22nd. Canaccord Genuity Group restated a “hold” rating and issued a $3.50 price objective (down from $4.00) on shares of Lifetime Brands in a report on Monday, January 26th. Finally, Zacks Research raised shares of Lifetime Brands from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $4.83.

Lifetime Brands Stock Performance

NASDAQ LCUT opened at $3.42 on Friday. The stock has a market cap of $77.48 million, a PE ratio of -2.06, a P/E/G ratio of 0.53 and a beta of 1.30. The company has a current ratio of 2.71, a quick ratio of 1.11 and a debt-to-equity ratio of 1.03. Lifetime Brands has a twelve month low of $2.89 and a twelve month high of $5.78. The stock has a fifty day simple moving average of $3.81 and a 200-day simple moving average of $3.78.

Hedge Funds Weigh In On Lifetime Brands

Several hedge funds and other institutional investors have recently made changes to their positions in LCUT. Ameriprise Financial Inc. grew its position in shares of Lifetime Brands by 0.5% during the third quarter. Ameriprise Financial Inc. now owns 913,425 shares of the company’s stock worth $3,535,000 after buying an additional 4,703 shares in the last quarter. Martin & Co. Inc. TN grew its holdings in Lifetime Brands by 1.3% during the 2nd quarter. Martin & Co. Inc. TN now owns 525,757 shares of the company’s stock worth $2,681,000 after acquiring an additional 6,943 shares in the last quarter. Empowered Funds LLC increased its position in shares of Lifetime Brands by 7.3% in the 1st quarter. Empowered Funds LLC now owns 108,458 shares of the company’s stock valued at $535,000 after purchasing an additional 7,385 shares during the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of Lifetime Brands by 3.8% in the 3rd quarter. Bridgeway Capital Management LLC now owns 243,414 shares of the company’s stock valued at $942,000 after purchasing an additional 8,820 shares in the last quarter. Finally, JB Capital Partners LP lifted its position in shares of Lifetime Brands by 0.6% during the 3rd quarter. JB Capital Partners LP now owns 1,587,852 shares of the company’s stock worth $6,145,000 after purchasing an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors own 40.62% of the company’s stock.

Lifetime Brands Company Profile

Lifetime Brands, Inc, through its subsidiaries, designs, sources, manufactures and distributes a broad portfolio of consumer products for the home. Headquartered in Garden City, New York, the company operates three primary business segments—Kitchenware, Tabletop & Home Décor and Tools & Storage—providing solutions for food preparation, cooking, serving and storage under both proprietary and licensed brand names.

In the Kitchenware segment, Lifetime Brands offers cookware, bakeware, cutlery and small electric appliances under brands such as Farberware and Chef’sChoice.