DA Davidson Lowers Lifetime Brands (NASDAQ:LCUT) Price Target to $11.50

Lifetime Brands (NASDAQ:LCUT) had its price objective decreased by equities researchers at DA Davidson from $14.00 to $11.50 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price target indicates a potential upside of 76.92% from the company’s previous close.

LCUT has been the topic of several other research reports. StockNews.com upgraded shares of Lifetime Brands from a “hold” rating to a “buy” rating in a report on Saturday, November 9th. 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 note on Friday, October 18th.

Lifetime Brands Trading Up 3.2 %

NASDAQ LCUT opened at $6.50 on Wednesday. Lifetime Brands has a 12-month low of $5.25 and a 12-month high of $11.68. The company has a fifty day simple moving average of $6.03 and a two-hundred day simple moving average of $7.30. 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 (NASDAQ:LCUT) last issued its earnings results on Thursday, November 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). The firm had revenue of $183.84 million during the quarter, compared to analysts’ expectations of $193.90 million. Lifetime Brands had a positive return on equity of 3.13% and a negative net margin of 3.19%. During the same quarter last year, the business earned $0.36 EPS. On average, equities research analysts expect that Lifetime Brands will post 0.55 earnings per share for the current year.

Institutional Investors Weigh In On Lifetime Brands

Institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its position in shares of Lifetime Brands by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,216,375 shares of the company’s stock valued at $10,449,000 after buying an additional 38,471 shares in the last quarter. JB Capital Partners LP increased its holdings in Lifetime Brands by 13.0% in the 3rd quarter. JB Capital Partners LP now owns 940,814 shares of the company’s stock worth $6,106,000 after acquiring an additional 108,193 shares in the last quarter. Acadian Asset Management LLC raised its position in Lifetime Brands by 20.4% during the second quarter. Acadian Asset Management LLC now owns 318,957 shares of the company’s stock worth $2,737,000 after acquiring an additional 54,142 shares during the period. Geode Capital Management LLC lifted its holdings in Lifetime Brands by 3.9% during the third quarter. Geode Capital Management LLC now owns 294,291 shares of the company’s stock valued at $1,925,000 after purchasing an additional 11,118 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of Lifetime Brands by 88.0% in the second 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 during the period. 40.62% of the stock is currently owned by institutional investors and hedge funds.

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.