Lifetime Brands (NASDAQ:LCUT) Downgraded to Hold at StockNews.com

Lifetime Brands (NASDAQ:LCUT) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Monday.

LCUT has been the subject of several other research reports. 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. Canaccord Genuity Group reduced their price objective on shares of Lifetime Brands from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday.

Lifetime Brands Stock Down 2.4 %

Shares of NASDAQ:LCUT traded down $0.15 during trading hours on Monday, hitting $6.15. The company’s stock had a trading volume of 53,561 shares, compared to its average volume of 76,859. Lifetime Brands has a 52 week low of $4.96 and a 52 week high of $11.68. 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 has a market capitalization of $135.75 million, a price-to-earnings ratio of -22.78, a P/E/G ratio of 0.63 and a beta of 1.25. The firm’s fifty day moving average price is $6.70 and its 200 day moving average price is $8.37.

Lifetime Brands (NASDAQ:LCUT) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $41.90 million. During the same quarter in the prior year, the firm posted ($0.02) EPS. As a group, research analysts expect that Lifetime Brands will post 0.7 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Mackenzie Financial Corp bought a new position in shares of Lifetime Brands during the 2nd quarter worth approximately $87,000. Squarepoint Ops LLC increased its stake in Lifetime Brands by 28.5% during the 2nd quarter. Squarepoint Ops LLC now owns 20,621 shares of the company’s stock valued at $177,000 after purchasing an additional 4,575 shares in the last quarter. Renaissance Technologies LLC increased its stake in Lifetime Brands by 14.8% during the 2nd quarter. Renaissance Technologies LLC now owns 108,051 shares of the company’s stock valued at $928,000 after purchasing an additional 13,900 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Lifetime Brands by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,216,375 shares of the company’s stock valued at $10,449,000 after purchasing an additional 38,471 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in 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 own 40.62% of the company’s stock.

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.