Lifetime Brands (NASDAQ:LCUT) Upgraded by StockNews.com to “Buy” Rating

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

A number of other equities research analysts have also commented on the company. DA Davidson raised their price objective on Lifetime Brands from $13.50 to $14.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Canaccord Genuity Group reduced their price target on shares of Lifetime Brands from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, October 18th.

Lifetime Brands Stock Down 5.5 %

Shares of NASDAQ:LCUT opened at $6.02 on Friday. Lifetime Brands has a 52 week low of $5.25 and a 52 week high of $11.68. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.92 and a current ratio of 2.35. The company has a market cap of $133.40 million, a PE ratio of -7.43, a price-to-earnings-growth ratio of 0.67 and a beta of 1.26. The firm has a 50 day simple moving average of $6.31 and a 200 day simple moving average of $8.00.

Lifetime Brands (NASDAQ:LCUT) last released its earnings results on Thursday, August 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $41.90 million. During the same quarter in the previous year, the company earned ($0.02) EPS. As a group, research analysts expect that Lifetime Brands will post 0.7 earnings per share for the current year.

Institutional Trading of Lifetime Brands

A number of institutional investors have recently bought and sold shares of LCUT. Empowered Funds LLC acquired a new position in Lifetime Brands in the 1st quarter worth about $726,000. Acadian Asset Management LLC increased its holdings in Lifetime Brands by 13.2% in the first quarter. Acadian Asset Management LLC now owns 264,815 shares of the company’s stock worth $2,773,000 after buying an additional 30,845 shares during the last quarter. Heron Bay Capital Management raised its position in Lifetime Brands by 81.1% during the first quarter. Heron Bay Capital Management now owns 18,690 shares of the company’s stock valued at $196,000 after acquiring an additional 8,369 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in Lifetime Brands by 20.9% in the first quarter. Gamco Investors INC. ET AL now owns 180,000 shares of the company’s stock valued at $1,886,000 after acquiring an additional 31,153 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Lifetime Brands by 22.8% in the second quarter. Bank of New York Mellon Corp now owns 151,186 shares of the company’s stock valued at $1,299,000 after acquiring an additional 28,104 shares during the last quarter. Institutional investors and hedge funds own 40.62% of the company’s stock.

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.