Lifetime Brands (NASDAQ:LCUT) Upgraded at StockNews.com

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

Several other analysts also recently issued reports on the company. Canaccord Genuity Group cut their price target on Lifetime Brands from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, October 18th. DA Davidson boosted their price target on shares of Lifetime Brands from $13.50 to $14.00 and gave the company a “buy” rating in a report on Monday, August 12th.

Lifetime Brands Stock Performance

Shares of LCUT stock opened at $5.76 on Tuesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.35 and a quick ratio of 0.92. The company’s fifty day moving average price is $6.45 and its two-hundred day moving average price is $8.14. The firm has a market capitalization of $127.63 million, a P/E ratio of -7.11, a P/E/G ratio of 0.62 and a beta of 1.25. Lifetime Brands has a 12 month low of $5.11 and a 12 month high of $11.68.

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 analysts’ consensus estimates of ($0.02) by ($0.01). Lifetime Brands had a negative net margin of 2.58% and a positive return on equity of 4.51%. The business had revenue of $141.67 million for the quarter, compared to analyst estimates of $41.90 million. During the same quarter last year, the business earned ($0.02) EPS. On average, research analysts anticipate that Lifetime Brands will post 0.7 earnings per share for the current fiscal year.

Lifetime Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a $0.043 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Friday, November 1st. Lifetime Brands’s dividend payout ratio is currently -20.99%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Mackenzie Financial Corp bought a new position in Lifetime Brands during the 2nd quarter valued at $87,000. Squarepoint Ops LLC boosted 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 valued at $177,000 after buying an additional 4,575 shares in the last quarter. Renaissance Technologies LLC grew its holdings 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 acquiring an additional 13,900 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Lifetime Brands by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,216,375 shares of the company’s stock valued at $10,449,000 after acquiring an additional 38,471 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Lifetime Brands by 88.0% during the 2nd quarter. American Century Companies Inc. now owns 161,252 shares of the company’s stock valued at $1,385,000 after purchasing an additional 75,475 shares in the last quarter. 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.