Lifetime Brands (NASDAQ:LCUT) Lowered to “Hold” at StockNews.com

StockNews.com lowered shares of Lifetime Brands (NASDAQ:LCUTGet Rating) from a buy rating to a hold rating in a report issued on Wednesday morning.

Several other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Lifetime Brands from a buy rating to a hold rating in a research report on Wednesday, January 12th. TheStreet lowered shares of Lifetime Brands from a b- rating to a c rating in a research report on Tuesday, April 5th.

LCUT opened at $11.01 on Wednesday. The company has a fifty day moving average price of $12.78 and a 200-day moving average price of $14.66. The firm has a market capitalization of $244.01 million, a P/E ratio of 13.43, a price-to-earnings-growth ratio of 0.49 and a beta of 1.22. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.26 and a quick ratio of 1.00. Lifetime Brands has a one year low of $10.95 and a one year high of $19.93.

Lifetime Brands (NASDAQ:LCUTGet Rating) last announced its earnings results on Thursday, May 5th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). Lifetime Brands had a return on equity of 14.09% and a net margin of 2.13%. During the same quarter in the previous year, the business earned $0.13 earnings per share. On average, analysts expect that Lifetime Brands will post 1.58 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 16th. Shareholders of record on Monday, May 2nd will be given a dividend of $0.043 per share. The ex-dividend date of this dividend is Friday, April 29th. This represents a $0.17 annualized dividend and a yield of 1.56%. Lifetime Brands’s payout ratio is 20.73%.

In other Lifetime Brands news, President Daniel Siegel sold 9,900 shares of the company’s stock in a transaction dated Wednesday, March 23rd. The shares were sold at an average price of $12.83, for a total transaction of $127,017.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 41.80% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in LCUT. Citigroup Inc. raised its stake in Lifetime Brands by 131.5% in the third quarter. Citigroup Inc. now owns 1,396 shares of the company’s stock worth $25,000 after buying an additional 793 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Lifetime Brands by 58.9% in the fourth quarter. BNP Paribas Arbitrage SA now owns 5,817 shares of the company’s stock worth $93,000 after buying an additional 2,157 shares in the last quarter. Victory Capital Management Inc. bought a new position in Lifetime Brands in the third quarter worth about $114,000. Morgan Stanley raised its stake in Lifetime Brands by 9,620.4% in the second quarter. Morgan Stanley now owns 9,526 shares of the company’s stock worth $143,000 after buying an additional 9,428 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Lifetime Brands by 85.4% in the fourth quarter. Bank of America Corp DE now owns 9,960 shares of the company’s stock worth $159,000 after buying an additional 4,589 shares in the last quarter. 41.57% of the stock is owned by institutional investors.

About Lifetime Brands (Get Rating)

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 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.

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