Lifetime Brands (NASDAQ:LCUT) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Lifetime Brands (NASDAQ:LCUT) from a hold rating to a buy rating in a research report released on Wednesday morning.

LCUT has been the topic of a number of other research reports. Canaccord Genuity Group cut their price objective on shares of Lifetime Brands from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, October 18th. DA Davidson reduced their price objective on shares of Lifetime Brands from $14.00 to $11.50 and set a “buy” rating on the stock in a research report on Wednesday, December 11th.

Lifetime Brands Stock Down 3.0 %

LCUT opened at $6.05 on Wednesday. The company has a market capitalization of $134.07 million, a PE ratio of -6.11, a price-to-earnings-growth ratio of 0.59 and a beta of 1.27. The firm has a 50-day simple moving average of $5.92 and a two-hundred day simple moving average of $6.56. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.88. Lifetime Brands has a 52 week low of $5.25 and a 52 week high of $11.68.

Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.17). Lifetime Brands had a positive return on equity of 3.13% and a negative net margin of 3.19%. The business had revenue of $183.84 million during the quarter, compared to the consensus estimate of $193.90 million. During the same quarter in the prior year, the firm posted $0.36 EPS. Analysts forecast that Lifetime Brands will post 0.55 earnings per share for the current fiscal year.

Lifetime Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st 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 2.84%. The ex-dividend date of this dividend is Friday, January 31st. Lifetime Brands’s dividend payout ratio (DPR) is presently -17.17%.

Hedge Funds Weigh In On Lifetime Brands

Several institutional investors have recently made changes to their positions in LCUT. Dimensional Fund Advisors LP lifted its position in shares of Lifetime Brands by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,216,375 shares of the company’s stock worth $10,449,000 after purchasing an additional 38,471 shares during the period. JB Capital Partners LP lifted its holdings in Lifetime Brands by 13.0% during the third quarter. JB Capital Partners LP now owns 940,814 shares of the company’s stock worth $6,106,000 after buying an additional 108,193 shares during the period. Geode Capital Management LLC boosted its position in Lifetime Brands by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 294,291 shares of the company’s stock valued at $1,925,000 after acquiring an additional 11,118 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Lifetime Brands by 88.0% in the 2nd quarter. American Century Companies Inc. now owns 161,252 shares of the company’s stock valued at $1,385,000 after acquiring an additional 75,475 shares during the period. Finally, Royce & Associates LP raised its position in shares of Lifetime Brands by 9.7% in the 3rd quarter. Royce & Associates LP now owns 130,841 shares of the company’s stock worth $856,000 after acquiring an additional 11,547 shares in the last quarter. Hedge funds and other institutional investors 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.