DA Davidson Raises Lifetime Brands (NASDAQ:LCUT) Price Target to $11.50

Lifetime Brands (NASDAQ:LCUT) had its price target upped by DA Davidson from $9.50 to $11.50 in a report issued on Monday, Benzinga reports. DA Davidson currently has a buy rating on the stock.

LCUT has been the topic of a number of other reports. TheStreet upgraded Lifetime Brands from a d+ rating to a c- rating in a research note on Monday, March 11th. StockNews.com upgraded Lifetime Brands from a buy rating to a strong-buy rating in a research report on Thursday, November 30th. Finally, Canaccord Genuity Group lifted their target price on Lifetime Brands from $8.00 to $11.00 and gave the stock a buy rating in a research report on Wednesday, March 13th.

Lifetime Brands Stock Up 6.7 %

Lifetime Brands stock opened at $10.48 on Monday. Lifetime Brands has a 1-year low of $4.31 and a 1-year high of $10.58. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.48 and a quick ratio of 1.24. The stock has a market cap of $228.57 million, a PE ratio of -26.87, a P/E/G ratio of 0.94 and a beta of 1.34. The stock’s fifty day moving average is $9.23 and its two-hundred day moving average is $7.12.

Lifetime Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.043 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Tuesday, April 30th. Lifetime Brands’s dividend payout ratio (DPR) is currently -43.59%.

Institutional Trading of Lifetime Brands

Hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC grew its holdings in shares of Lifetime Brands by 533.8% during the fourth quarter. Barclays PLC now owns 3,435 shares of the company’s stock worth $26,000 after buying an additional 2,893 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Lifetime Brands by 489.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,255 shares of the company’s stock worth $29,000 after buying an additional 3,533 shares during the last quarter. UBS Group AG grew its holdings in shares of Lifetime Brands by 604.2% during the fourth quarter. UBS Group AG now owns 4,725 shares of the company’s stock worth $36,000 after buying an additional 4,054 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Lifetime Brands by 49.6% during the first quarter. Deutsche Bank AG now owns 7,849 shares of the company’s stock worth $46,000 after buying an additional 2,603 shares during the last quarter. Finally, Gabelli Funds LLC purchased a new position in shares of Lifetime Brands during the third quarter worth about $56,000. Institutional investors and hedge funds 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.