Lifetime Brands (NASDAQ:LCUT) Price Target Raised to $14.00

Lifetime Brands (NASDAQ:LCUT) had its target price boosted by DA Davidson from $13.50 to $14.00 in a report published on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also weighed in on LCUT. Canaccord Genuity Group increased their price objective on shares of Lifetime Brands from $11.00 to $12.00 and gave the company a buy rating in a research report on Friday, May 10th. StockNews.com lowered shares of Lifetime Brands from a strong-buy rating to a buy rating in a research report on Tuesday, August 6th.

Lifetime Brands Stock Performance

NASDAQ LCUT opened at $7.35 on Monday. The firm has a market capitalization of $162.24 million, a P/E ratio of -27.22, a price-to-earnings-growth ratio of 0.85 and a beta of 1.29. The firm’s fifty day moving average price is $8.30 and its two-hundred day moving average price is $9.33. Lifetime Brands has a 1 year low of $4.86 and a 1 year high of $11.68. The company has a current ratio of 2.62, a quick ratio of 1.07 and a debt-to-equity ratio of 0.77.

Lifetime Brands (NASDAQ:LCUT) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The company had revenue of $141.67 million during the quarter, compared to the consensus estimate of $41.90 million. Lifetime Brands had a negative net margin of 0.86% and a positive return on equity of 4.63%. During the same period in the previous year, the company earned ($0.02) earnings per share. As a group, research analysts anticipate that Lifetime Brands will post 0.71 EPS for the current year.

Lifetime Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $0.043 per share. This represents a $0.17 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date is Friday, November 1st. Lifetime Brands’s dividend payout ratio is -62.96%.

Hedge Funds Weigh In On Lifetime Brands

Hedge funds have recently bought and sold shares of the business. Mackenzie Financial Corp acquired a new stake in Lifetime Brands during the second quarter worth about $87,000. Squarepoint Ops LLC grew its stake in Lifetime Brands by 28.5% during the second quarter. Squarepoint Ops LLC now owns 20,621 shares of the company’s stock worth $177,000 after buying an additional 4,575 shares in the last quarter. Renaissance Technologies LLC grew its stake in Lifetime Brands by 14.8% during the second quarter. Renaissance Technologies LLC now owns 108,051 shares of the company’s stock worth $928,000 after buying an additional 13,900 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Lifetime Brands by 3.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,216,375 shares of the company’s stock worth $10,449,000 after buying an additional 38,471 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Lifetime Brands by 88.0% during the second quarter. American Century Companies Inc. now owns 161,252 shares of the company’s stock worth $1,385,000 after buying an additional 75,475 shares in the last quarter. 40.62% of the stock is 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 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.