Lifetime Brands (NASDAQ:LCUT) Stock Crosses Above 200 Day Moving Average of $7.71

Lifetime Brands, Inc. (NASDAQ:LCUT)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.71 and traded as high as $10.01. Lifetime Brands shares last traded at $9.48, with a volume of 87,021 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Canaccord Genuity Group increased their price objective on shares of Lifetime Brands from $8.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. DA Davidson upped their target price on shares of Lifetime Brands from $9.50 to $11.50 and gave the company a “buy” rating in a research note on Monday, March 25th. Finally, TheStreet upgraded shares of Lifetime Brands from a “d+” rating to a “c-” rating in a research note on Monday, March 11th.

Lifetime Brands Stock Down 0.1 %

The firm has a market capitalization of $206.76 million, a PE ratio of -24.31, a P/E/G ratio of 0.94 and a beta of 1.35. The firm’s 50 day moving average price is $9.87 and its two-hundred day moving average price is $7.71. The company has a quick ratio of 1.24, a current ratio of 2.48 and a debt-to-equity ratio of 0.85.

Lifetime Brands (NASDAQ:LCUT) last announced its earnings results on Tuesday, March 12th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.03). Lifetime Brands had a negative net margin of 1.23% and a positive return on equity of 4.84%. The firm had revenue of $203.14 million during the quarter, compared to analysts’ expectations of $196.48 million. As a group, research analysts forecast that Lifetime Brands, Inc. will post 0.72 EPS for the current fiscal year.

Lifetime Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.043 per share. The ex-dividend date is Tuesday, April 30th. This represents a $0.17 dividend on an annualized basis and a yield of 1.81%. Lifetime Brands’s dividend payout ratio (DPR) is -43.59%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LCUT. Tower Research Capital LLC TRC boosted its stake in Lifetime Brands by 489.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,255 shares of the company’s stock valued at $29,000 after acquiring an additional 3,533 shares during the last quarter. Barclays PLC bought a new position in Lifetime Brands during the 3rd quarter valued at $35,000. Gabelli Funds LLC bought a new position in Lifetime Brands during the 3rd quarter valued at $56,000. Jump Financial LLC bought a new position in Lifetime Brands during the 3rd quarter valued at $62,000. Finally, Heron Bay Capital Management bought a new position in Lifetime Brands during the 4th quarter valued at $69,000. 40.62% of the stock is currently owned by institutional investors.

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.