Lifetime Brands, Inc. (NASDAQ:LCUT) Receives Consensus Rating of “Hold” from Brokerages

Shares of Lifetime Brands, Inc. (NASDAQ:LCUT) have been given an average recommendation of “Hold” by the five ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $4.8333.

LCUT has been the topic of a number of research reports. Zacks Research upgraded Lifetime Brands from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lifetime Brands in a report on Thursday, January 22nd. Canaccord Genuity Group reissued a “hold” rating and issued a $3.50 target price (down from $4.00) on shares of Lifetime Brands in a research report on Monday, January 26th. Finally, Roth Mkm started coverage on Lifetime Brands in a research note on Friday, February 13th. They set a “buy” rating and a $5.00 price target for the company.

Lifetime Brands Trading Down 2.8%

NASDAQ:LCUT opened at $3.07 on Tuesday. The company has a market cap of $69.57 million, a PE ratio of -1.85, a price-to-earnings-growth ratio of 0.43 and a beta of 1.29. The company has a current ratio of 2.71, a quick ratio of 1.11 and a debt-to-equity ratio of 1.03. The company has a 50 day simple moving average of $3.58 and a two-hundred day simple moving average of $3.69. Lifetime Brands has a 12 month low of $2.89 and a 12 month high of $5.78.

Hedge Funds Weigh In On Lifetime Brands

Institutional investors and hedge funds have recently made changes to their positions in the business. Ameriprise Financial Inc. grew its position in Lifetime Brands by 0.5% during the third quarter. Ameriprise Financial Inc. now owns 913,425 shares of the company’s stock valued at $3,535,000 after buying an additional 4,703 shares during the period. Martin & Co. Inc. TN raised its position in Lifetime Brands by 1.3% in the second quarter. Martin & Co. Inc. TN now owns 525,757 shares of the company’s stock worth $2,681,000 after acquiring an additional 6,943 shares during the period. Empowered Funds LLC boosted its stake in shares of Lifetime Brands by 7.3% during the 1st quarter. Empowered Funds LLC now owns 108,458 shares of the company’s stock worth $535,000 after acquiring an additional 7,385 shares during the last quarter. Bridgeway Capital Management LLC boosted its stake in shares of Lifetime Brands by 3.8% during the 3rd quarter. Bridgeway Capital Management LLC now owns 243,414 shares of the company’s stock worth $942,000 after acquiring an additional 8,820 shares during the last quarter. Finally, JB Capital Partners LP grew its position in shares of Lifetime Brands by 0.6% during the 3rd quarter. JB Capital Partners LP now owns 1,587,852 shares of the company’s stock valued at $6,145,000 after acquiring an additional 10,000 shares during the period. Hedge funds and other institutional investors own 40.62% of the company’s stock.

About Lifetime Brands

Lifetime Brands, Inc, through its subsidiaries, designs, sources, manufactures and distributes a broad portfolio of consumer products for the home. Headquartered in Garden City, New York, the company operates three primary business segments—Kitchenware, Tabletop & Home Décor and Tools & Storage—providing solutions for food preparation, cooking, serving and storage under both proprietary and licensed brand names.

In the Kitchenware segment, Lifetime Brands offers cookware, bakeware, cutlery and small electric appliances under brands such as Farberware and Chef’sChoice.