Lifetime Brands (NASDAQ:LCUT) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Lifetime Brands (NASDAQ:LCUT) from a hold rating to a sell rating in a report issued on Thursday morning, 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 cut Lifetime Brands from a hold rating to a sell rating in a report on Monday, June 3rd.



Shares of NASDAQ:LCUT opened at $7.59 on Thursday. The business’s fifty day moving average price is $8.97 and its two-hundred day moving average price is $9.36. Lifetime Brands has a fifty-two week low of $7.15 and a fifty-two week high of $12.40. The stock has a market capitalization of $160.69 million, a price-to-earnings ratio of 27.11, a price-to-earnings-growth ratio of 0.83 and a beta of 1.28. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.67 and a quick ratio of 1.12.

Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.08). Lifetime Brands had a negative net margin of 0.06% and a positive return on equity of 4.03%. The company had revenue of $142.54 million during the quarter, compared to the consensus estimate of $153.11 million. Research analysts expect that Lifetime Brands will post 0.61 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were issued a dividend of $0.043 per share. This represents a $0.17 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Wednesday, July 31st. This is a boost from Lifetime Brands’s previous quarterly dividend of $0.04. Lifetime Brands’s dividend payout ratio is presently 60.71%.

Hedge funds have recently made changes to their positions in the company. Northern Trust Corp grew its holdings in Lifetime Brands by 1.3% during the second quarter. Northern Trust Corp now owns 149,845 shares of the company’s stock valued at $1,417,000 after purchasing an additional 1,864 shares during the period. Bank of New York Mellon Corp grew its holdings in Lifetime Brands by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 93,393 shares of the company’s stock valued at $884,000 after purchasing an additional 1,471 shares during the period. Pacific Ridge Capital Partners LLC grew its holdings in Lifetime Brands by 10.1% during the second quarter. Pacific Ridge Capital Partners LLC now owns 513,951 shares of the company’s stock valued at $4,862,000 after purchasing an additional 47,193 shares during the period. Russell Investments Group Ltd. grew its holdings in Lifetime Brands by 84.8% during the second quarter. Russell Investments Group Ltd. now owns 379,716 shares of the company’s stock valued at $3,591,000 after purchasing an additional 174,227 shares during the period. Finally, Weber Alan W grew its holdings in Lifetime Brands by 84.6% during the second quarter. Weber Alan W now owns 120,000 shares of the company’s stock valued at $1,135,000 after purchasing an additional 55,000 shares during the period. Institutional investors own 45.26% 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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