Lifetime Brands (NASDAQ:LCUT) Rating Increased to Buy at StockNews.com

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

Several other analysts also recently weighed in on the company. DA Davidson boosted their price objective on Lifetime Brands from $13.50 to $14.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Canaccord Genuity Group decreased their target price on Lifetime Brands from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, October 18th.

Lifetime Brands Stock Performance

Shares of LCUT stock opened at $6.02 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 fifty-two week low of $5.25 and a fifty-two week high of $11.68. The stock has a 50 day moving average price of $6.31 and a two-hundred day moving average price of $7.99.

Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Lifetime Brands had a negative net margin of 3.19% and a positive return on equity of 3.11%. The company had revenue of $141.67 million during the quarter, compared to the consensus estimate of $41.90 million. During the same quarter in the previous year, the firm posted ($0.02) EPS. As a group, research analysts forecast that Lifetime Brands will post 0.55 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LCUT. Mackenzie Financial Corp bought a new position in shares of Lifetime Brands in the second quarter worth about $87,000. Rhumbline Advisers grew its position in shares of Lifetime Brands by 579.0% during the second 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. Heron Bay Capital Management grew its position in shares of Lifetime Brands by 81.1% during the first 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. Squarepoint Ops LLC grew 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, Panagora Asset Management Inc. purchased a new stake in shares of Lifetime Brands during the second quarter worth about $450,000. 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.