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

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

A number of other equities analysts also recently issued reports on LCUT. DA Davidson reduced their price target on Lifetime Brands from $14.00 to $11.50 and set a “buy” rating on the stock in a research report on Wednesday, December 11th. Canaccord Genuity Group reduced their target price on Lifetime Brands from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, October 18th.

Lifetime Brands Trading Up 1.3 %

Shares of NASDAQ LCUT opened at $5.65 on Monday. Lifetime Brands has a 1-year low of $5.25 and a 1-year high of $11.68. The business has a fifty day moving average price of $5.94 and a 200 day moving average price of $6.62. The stock has a market capitalization of $125.19 million, a P/E ratio of -5.71, a price-to-earnings-growth ratio of 0.83 and a beta of 1.27. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.36 and a quick ratio of 0.97.

Lifetime Brands (NASDAQ:LCUT) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.17). Lifetime Brands had a negative net margin of 3.19% and a positive return on equity of 3.13%. The firm had revenue of $183.84 million for the quarter, compared to analysts’ expectations of $193.90 million. During the same period in the previous year, the company posted $0.36 earnings per share. Equities research analysts expect that Lifetime Brands will post 0.55 EPS for the current fiscal year.

Institutional Investors Weigh In On Lifetime Brands

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new position in Lifetime Brands in the 3rd quarter worth $67,000. Mackenzie Financial Corp purchased a new position in shares of Lifetime Brands in the second quarter worth about $87,000. Rhumbline Advisers lifted its holdings 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 during the period. BNP Paribas Financial Markets boosted its position in Lifetime Brands by 657.8% in the third quarter. BNP Paribas Financial Markets now owns 18,096 shares of the company’s stock valued at $118,000 after buying an additional 15,708 shares during the last quarter. Finally, Barclays PLC increased its holdings in 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 period. 40.62% of the stock is currently 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.