Lifetime Brands (NASDAQ:LCUT) Raised to “Buy” at StockNews.com

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

Other equities research analysts also recently issued reports about the company. DA Davidson dropped their target price on Lifetime Brands from $14.00 to $11.50 and set a “buy” rating on the stock in a report on Wednesday, December 11th. 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 report on Friday, October 18th.

Lifetime Brands Stock Up 2.8 %

Shares of LCUT stock traded up $0.15 during mid-day trading on Monday, reaching $5.58. 50,689 shares of the company’s stock traded hands, compared to its average volume of 33,256. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.88. The company’s 50-day moving average price is $5.95 and its 200-day moving average price is $6.64. The company has a market cap of $123.64 million, a P/E ratio of -5.64, a P/E/G ratio of 0.83 and a beta of 1.27. Lifetime Brands has a 12 month low of $5.25 and a 12 month high of $11.68.

Lifetime Brands (NASDAQ:LCUT) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.17). Lifetime Brands had a positive return on equity of 3.13% and a negative net margin of 3.19%. The business had revenue of $183.84 million for the quarter, compared to the consensus estimate of $193.90 million. During the same period in the previous year, the firm earned $0.36 EPS. On average, equities analysts expect that Lifetime Brands will post 0.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lifetime Brands

A number of hedge funds have recently bought and sold shares of LCUT. Barclays PLC grew its stake in shares of Lifetime Brands by 38.7% in the third quarter. Barclays PLC now owns 19,016 shares of the company’s stock worth $124,000 after acquiring an additional 5,302 shares during the period. Hohimer Wealth Management LLC purchased a new stake in Lifetime Brands in the third quarter worth approximately $133,000. Geode Capital Management LLC grew its position in Lifetime Brands by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 294,291 shares of the company’s stock worth $1,925,000 after purchasing an additional 11,118 shares during the period. Jane Street Group LLC purchased a new stake in Lifetime Brands during the 3rd quarter valued at $67,000. Finally, SageView Advisory Group LLC lifted its holdings in shares of Lifetime Brands by 89.3% during the 3rd quarter. SageView Advisory Group LLC now owns 24,421 shares of the company’s stock valued at $160,000 after buying an additional 11,521 shares during the period. Hedge funds and other 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.