Shares of Lifetime Brands Inc (NASDAQ:LCUT) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Brokerages have set a 1-year consensus price objective of $7.00 for the company, according to Zacks. Zacks has also assigned Lifetime Brands an industry rank of 234 out of 255 based on the ratings given to related companies.
Several equities analysts have recently issued reports on LCUT shares. ValuEngine raised Lifetime Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. DA Davidson started coverage on shares of Lifetime Brands in a research note on Tuesday, October 15th. They issued a “neutral” rating and a $9.00 target price on the stock. Zacks Investment Research cut shares of Lifetime Brands from a “buy” rating to a “strong sell” rating in a research report on Wednesday, November 13th. Finally, TheStreet downgraded shares of Lifetime Brands from a “c-” rating to a “d+” rating in a research note on Thursday, August 15th.
LCUT traded up $0.11 during trading on Tuesday, hitting $6.31. The company’s stock had a trading volume of 3,098 shares, compared to its average volume of 27,664. The firm’s 50 day moving average price is $7.19 and its two-hundred day moving average price is $8.26. The company has a quick ratio of 1.21, a current ratio of 2.79 and a debt-to-equity ratio of 1.87. The stock has a market capitalization of $132.17 million, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 0.99 and a beta of 1.24. Lifetime Brands has a 12 month low of $5.99 and a 12 month high of $12.40.
Lifetime Brands (NASDAQ:LCUT) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.57). The company had revenue of $215.50 million for the quarter, compared to the consensus estimate of $222.02 million. Lifetime Brands had a negative net margin of 2.70% and a positive return on equity of 0.01%. On average, sell-side analysts forecast that Lifetime Brands will post 0.44 earnings per share for the current year.
In other news, Director Michael J. Jeary sold 5,087 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $6.45, for a total value of $32,811.15. Following the transaction, the director now directly owns 83,113 shares in the company, valued at approximately $536,078.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 44.70% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its stake in Lifetime Brands by 84.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 379,716 shares of the company’s stock valued at $3,591,000 after acquiring an additional 174,227 shares in the last quarter. Boston Partners raised its stake in shares of Lifetime Brands by 159.5% during the 2nd quarter. Boston Partners now owns 170,245 shares of the company’s stock worth $1,611,000 after purchasing an additional 104,631 shares in the last quarter. Weber Alan W boosted its holdings in shares of Lifetime Brands by 84.6% in the 2nd quarter. Weber Alan W now owns 120,000 shares of the company’s stock valued at $1,135,000 after buying an additional 55,000 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Lifetime Brands by 10.1% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 513,951 shares of the company’s stock valued at $4,862,000 after buying an additional 47,193 shares during the last quarter. Finally, Teton Advisors Inc. grew its stake in shares of Lifetime Brands by 21.6% in the second quarter. Teton Advisors Inc. now owns 231,175 shares of the company’s stock valued at $2,187,000 after buying an additional 41,000 shares in the last quarter. 45.35% of the stock is currently owned by institutional investors.
About Lifetime Brands
Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the United States and internationally. The company operates through two segments, U.S. and International. It offers kitchenware products, including kitchen tools and gadgets, cutlery, cutting boards, shears, cookware, pantryware, spice racks, and bakeware, as well as kitchen scales; and tableware products comprising dinnerware, stemware, flatware, and giftware.
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