Lifetime Brands (NASDAQ:LCUT) Stock Rating Lowered by Zacks Research

Lifetime Brands (NASDAQ:LCUT) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other equities research analysts have also issued reports on LCUT. Canaccord Genuity Group increased their price target on Lifetime Brands from $3.50 to $5.00 and gave the company a “hold” rating in a research report on Thursday. Weiss Ratings restated a “sell (d-)” rating on shares of Lifetime Brands in a research note on Thursday, January 22nd. Finally, Roth Mkm began coverage on shares of Lifetime Brands in a report on Friday, February 13th. They issued a “buy” rating and a $5.00 target price on the stock. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $5.00.

Lifetime Brands Price Performance

Shares of NASDAQ:LCUT traded down $0.37 during midday trading on Wednesday, hitting $6.93. The company had a trading volume of 31,237 shares, compared to its average volume of 171,421. Lifetime Brands has a twelve month low of $2.89 and a twelve month high of $8.20. The stock has a market cap of $156.96 million, a price-to-earnings ratio of -5.59, a price-to-earnings-growth ratio of 0.95 and a beta of 0.83. The business’s 50-day simple moving average is $4.56 and its 200-day simple moving average is $4.00. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.85 and a quick ratio of 1.37.

Lifetime Brands (NASDAQ:LCUT) last released its quarterly earnings data on Thursday, March 12th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.87. Lifetime Brands had a positive return on equity of 4.66% and a negative net margin of 4.16%.The firm had revenue of $204.07 million for the quarter, compared to analysts’ expectations of $202.09 million. On average, research analysts predict that Lifetime Brands will post 0.55 earnings per share for the current year.

Institutional Investors Weigh In On Lifetime Brands

Institutional investors have recently modified their holdings of the company. JB Capital Partners LP raised its position in shares of Lifetime Brands by 2.5% in the 4th quarter. JB Capital Partners LP now owns 1,627,852 shares of the company’s stock worth $6,430,000 after buying an additional 40,000 shares during the period. Qube Research & Technologies Ltd acquired a new stake in Lifetime Brands during the second quarter worth about $88,000. Teton Advisors LLC acquired a new stake in Lifetime Brands during the third quarter worth about $381,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Lifetime Brands in the 3rd quarter worth about $118,000. Finally, Ameriprise Financial Inc. lifted its stake in shares of Lifetime Brands by 16.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 908,722 shares of the company’s stock valued at $4,634,000 after purchasing an additional 130,650 shares in the last quarter. Hedge funds and other institutional investors own 40.62% of the company’s stock.

About Lifetime Brands

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.