Lifetime Brands (NASDAQ:LCUT) Stock Rating Upgraded by StockNews.com

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

Several other equities research analysts also recently weighed in on LCUT. DA Davidson dropped their target price on shares of Lifetime Brands from $14.00 to $11.50 and set a “buy” rating for the company in a research report on Wednesday, December 11th. Canaccord Genuity Group dropped their target price on shares of Lifetime Brands from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, October 18th.

Lifetime Brands Stock Performance

Lifetime Brands stock opened at $6.24 on Wednesday. Lifetime Brands has a 12-month low of $5.25 and a 12-month high of $11.68. The company has a market capitalization of $138.28 million, a price-to-earnings ratio of -6.30, a price-to-earnings-growth ratio of 0.59 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. The firm’s fifty day moving average price is $5.92 and its 200 day moving average price is $6.57.

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

Institutional Investors Weigh In On Lifetime Brands

Institutional investors have recently modified their holdings of the business. Barclays PLC boosted its stake in Lifetime Brands by 38.7% during the 3rd quarter. Barclays PLC now owns 19,016 shares of the company’s stock valued at $124,000 after purchasing an additional 5,302 shares during the period. Hohimer Wealth Management LLC acquired a new position in Lifetime Brands during the 3rd quarter valued at about $133,000. Geode Capital Management LLC boosted its stake in Lifetime Brands by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 294,291 shares of the company’s stock valued at $1,925,000 after purchasing an additional 11,118 shares during the period. Jane Street Group LLC acquired a new position in Lifetime Brands during the 3rd quarter valued at about $67,000. Finally, SageView Advisory Group LLC boosted its stake in Lifetime Brands by 89.3% during the 3rd quarter. SageView Advisory Group LLC now owns 24,421 shares of the company’s stock valued at $160,000 after purchasing an additional 11,521 shares during the period. 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.