Lifetime Brands (NASDAQ:LCUT) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of Lifetime Brands, Inc. (NASDAQ:LCUT) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.96 and traded as high as $4.05. Lifetime Brands shares last traded at $3.82, with a volume of 104,691 shares traded.

Wall Street Analysts Forecast Growth

LCUT has been the topic of a number of recent research reports. Canaccord Genuity Group dropped their price target on Lifetime Brands from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Zacks Research cut shares of Lifetime Brands from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 5th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lifetime Brands in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Lifetime Brands currently has an average rating of “Reduce” and an average target price of $5.00.

Lifetime Brands Stock Performance

The business has a 50-day moving average of $3.62 and a two-hundred day moving average of $3.96. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.71 and a quick ratio of 1.11. The company has a market cap of $86.56 million, a P/E ratio of -2.30 and a beta of 1.34.

Lifetime Brands (NASDAQ:LCUT) last announced its earnings results on Thursday, November 6th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Lifetime Brands had a negative net margin of 5.49% and a negative return on equity of 0.85%. The business had revenue of $171.91 million during the quarter, compared to the consensus estimate of $178.76 million. On average, sell-side analysts predict that Lifetime Brands, Inc. will post 0.55 EPS for the current fiscal year.

Lifetime Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be given a dividend of $0.0425 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $0.17 dividend on an annualized basis and a yield of 4.5%. Lifetime Brands’s dividend payout ratio is presently -10.24%.

Hedge Funds Weigh In On Lifetime Brands

A number of large investors have recently made changes to their positions in LCUT. JB Capital Partners LP lifted its holdings in shares of Lifetime Brands by 0.6% during the 3rd quarter. JB Capital Partners LP now owns 1,587,852 shares of the company’s stock valued at $6,145,000 after purchasing an additional 10,000 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Lifetime Brands by 0.5% in the third quarter. Ameriprise Financial Inc. now owns 913,425 shares of the company’s stock valued at $3,535,000 after buying an additional 4,703 shares during the last quarter. Bridgeway Capital Management LLC raised its stake in Lifetime Brands by 3.8% in the third quarter. Bridgeway Capital Management LLC now owns 243,414 shares of the company’s stock valued at $942,000 after buying an additional 8,820 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Lifetime Brands in the third quarter worth about $118,000. Finally, Teton Advisors LLC purchased a new stake in shares of Lifetime Brands during the third quarter worth about $381,000. 40.62% of the stock is 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.