Lifetime Brands (NASDAQ:LCUT) Upgraded by Zacks Investment Research to Hold

Lifetime Brands (NASDAQ:LCUT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Thursday, Zacks.com reports.

According to Zacks, “Lifetime Brands is a leading designer, marketer and distributor of kitchenware, cutlery & cutting boards, bakeware & cookware, pantryware & spices, tabletop and bath accessories, marketing its products under various trade names, including Farberware, KitchenAid, Pfaltzgraff, Cuisinart, Hoffritz, Sabatier, Nautica, DBK-Daniel Boulud Kitchen, Joseph Abboud Environments, Roshco, Baker’s Advantage, Kamenstein, CasaModa, Kathy Ireland, and :USE. Lifetime’s products are distributed through almost every major retailer in the United States. “

Separately, ValuEngine downgraded shares of Intersect ENT from a “buy” rating to a “hold” rating in a research note on Monday, June 3rd.

Shares of LCUT traded down $0.01 on Thursday, reaching $9.99. 521 shares of the company’s stock were exchanged, compared to its average volume of 30,759. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.96 and a quick ratio of 1.12. The stock has a market cap of $204.20 million, a PE ratio of 35.68, a P/E/G ratio of 0.88 and a beta of 1.25. The stock’s 50 day simple moving average is $8.98. Lifetime Brands has a 12 month low of $7.69 and a 12 month high of $13.75.

Lifetime Brands (NASDAQ:LCUT) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.19) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.41) by $0.22. The business had revenue of $149.93 million during the quarter. Lifetime Brands had a net margin of 0.68% and a return on equity of 3.58%. As a group, equities analysts forecast that Lifetime Brands will post 0.74 EPS for the current fiscal year.

In other news, major shareholder Centre Partners V, L.P. acquired 3,670 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was purchased at an average price of $9.45 per share, for a total transaction of $34,681.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have purchased 112,078 shares of company stock valued at $1,070,309. 44.70% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rhumbline Advisers grew its stake in Lifetime Brands by 43.0% in the 4th quarter. Rhumbline Advisers now owns 16,975 shares of the company’s stock valued at $170,000 after buying an additional 5,104 shares during the last quarter. BlackRock Inc. grew its stake in Lifetime Brands by 2.9% in the 4th quarter. BlackRock Inc. now owns 874,261 shares of the company’s stock valued at $8,769,000 after buying an additional 24,494 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Lifetime Brands by 3.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,250,094 shares of the company’s stock valued at $12,538,000 after buying an additional 40,757 shares during the last quarter. Geode Capital Management LLC grew its stake in Lifetime Brands by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 118,701 shares of the company’s stock valued at $1,190,000 after buying an additional 5,007 shares during the last quarter. Finally, Weber Alan W acquired a new position in Lifetime Brands in the 4th quarter valued at $451,000. Hedge funds and other institutional investors own 44.93% 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 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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