Lifetime Brands (NASDAQ:LCUT) Cut to Hold at StockNews.com

Lifetime Brands (NASDAQ:LCUT) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

A number of other brokerages have also recently commented on LCUT. DA Davidson lifted their target price on shares of Lifetime Brands from $13.50 to $14.00 and gave the company a “buy” rating in a report on Monday, August 12th. Canaccord Genuity Group dropped their price objective 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.

Lifetime Brands Stock Performance

Shares of Lifetime Brands stock opened at $6.06 on Monday. The firm’s fifty day simple moving average is $6.67 and its 200-day simple moving average is $8.34. The stock has a market capitalization of $133.76 million, a price-to-earnings ratio of -22.44, a PEG ratio of 0.63 and a beta of 1.25. Lifetime Brands has a 12 month low of $4.96 and a 12 month high of $11.68. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.35 and a quick ratio of 0.92.

Lifetime Brands (NASDAQ:LCUT) last announced its earnings results on Thursday, August 8th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The business had revenue of $141.67 million during the quarter, compared to analyst estimates of $41.90 million. Lifetime Brands had a negative net margin of 2.58% and a positive return on equity of 4.51%. During the same period in the previous year, the firm earned ($0.02) earnings per share. As a group, equities analysts forecast that Lifetime Brands will post 0.7 earnings per share for the current year.

Hedge Funds Weigh In On Lifetime Brands

Institutional investors have recently bought and sold shares of the company. Mackenzie Financial Corp purchased a new stake in shares of Lifetime Brands during the 2nd quarter worth $87,000. Rhumbline Advisers boosted its position in shares of Lifetime Brands by 579.0% during the 2nd quarter. Rhumbline Advisers now owns 13,173 shares of the company’s stock worth $113,000 after purchasing an additional 11,233 shares in the last quarter. Squarepoint Ops LLC boosted its position 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 purchasing an additional 4,575 shares in the last quarter. Heron Bay Capital Management boosted its position in shares of Lifetime Brands by 81.1% during the 1st quarter. Heron Bay Capital Management now owns 18,690 shares of the company’s stock worth $196,000 after purchasing an additional 8,369 shares in the last quarter. Finally, Chemistry Wealth Management LLC purchased a new stake in shares of Lifetime Brands during the 1st quarter worth $235,000. 40.62% of the stock is owned by institutional investors and hedge funds.

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.