Lifetime Brands (NASDAQ:LCUT) Lowered to Hold Rating by StockNews.com

StockNews.com lowered shares of Lifetime Brands (NASDAQ:LCUT) from a buy rating to a hold rating in a report published on Tuesday.

A number of other research firms have also issued reports on LCUT. DA Davidson lowered shares of Lifetime Brands from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $11.50 to $6.75 in a report on Monday. Canaccord Genuity Group reduced their price objective 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 Stock Performance

Shares of LCUT stock opened at $5.30 on Tuesday. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.88. Lifetime Brands has a 12-month low of $5.25 and a 12-month high of $11.68. The business’s 50 day moving average is $5.99 and its two-hundred day moving average is $6.43. The company has a market capitalization of $117.45 million, a P/E ratio of -5.35, a P/E/G ratio of 0.63 and a beta of 1.28.

Lifetime Brands (NASDAQ:LCUT) last posted its quarterly earnings data 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 negative net margin of 3.19% and a positive return on equity of 3.13%. The company 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 business earned $0.36 earnings per share. Analysts expect that Lifetime Brands will post 0.55 EPS for the current fiscal year.

Institutional Trading of Lifetime Brands

Several hedge funds have recently added to or reduced their stakes in LCUT. Jane Street Group LLC purchased a new stake in shares of Lifetime Brands during the 3rd quarter worth $67,000. Geode Capital Management LLC lifted its holdings in Lifetime Brands by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 294,291 shares of the company’s stock worth $1,925,000 after buying an additional 11,118 shares during the last quarter. Barclays PLC boosted its position in shares of Lifetime Brands by 38.7% during the 3rd quarter. Barclays PLC now owns 19,016 shares of the company’s stock worth $124,000 after acquiring an additional 5,302 shares in the last quarter. Squarepoint Ops LLC increased its holdings in shares of Lifetime Brands by 28.5% in the 2nd quarter. Squarepoint Ops LLC now owns 20,621 shares of the company’s stock valued at $177,000 after acquiring an additional 4,575 shares during the last quarter. Finally, JB Capital Partners LP raised its position in shares of Lifetime Brands by 13.0% during the 3rd quarter. JB Capital Partners LP now owns 940,814 shares of the company’s stock worth $6,106,000 after acquiring an additional 108,193 shares in the last quarter. Institutional investors and hedge funds own 40.62% of the company’s stock.

About Lifetime Brands

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.