Brokerages Set Lifetime Brands, Inc. (NASDAQ:LCUT) PT at $4.83

Lifetime Brands, Inc. (NASDAQ:LCUT) has received an average rating of “Hold” from the five research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $4.8333.

A number of research analysts have weighed in on LCUT shares. Zacks Research raised Lifetime Brands from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $3.50 target price (down from $4.00) on shares of Lifetime Brands in a report on Monday, January 26th. Roth Mkm assumed coverage on shares of Lifetime Brands in a research report on Friday. They issued a “buy” rating and a $5.00 price target on the stock. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lifetime Brands in a research report on Thursday, January 22nd.

Lifetime Brands Stock Up 1.5%

Shares of Lifetime Brands stock opened at $3.42 on Friday. The company has a quick ratio of 1.11, a current ratio of 2.71 and a debt-to-equity ratio of 1.03. Lifetime Brands has a twelve month low of $2.89 and a twelve month high of $5.78. The company has a market cap of $77.50 million, a price-to-earnings ratio of -2.06, a price-to-earnings-growth ratio of 0.54 and a beta of 1.30. The company’s 50 day moving average is $3.81 and its 200 day moving average is $3.77.

Institutional Investors Weigh In On Lifetime Brands

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JB Capital Partners LP raised its stake in Lifetime Brands by 2.5% during the 4th quarter. JB Capital Partners LP now owns 1,627,852 shares of the company’s stock worth $6,430,000 after acquiring an additional 40,000 shares during the period. Jane Street Group LLC lifted its stake in shares of Lifetime Brands by 388.4% during the 4th quarter. Jane Street Group LLC now owns 51,795 shares of the company’s stock valued at $205,000 after buying an additional 41,191 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Lifetime Brands by 0.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 913,425 shares of the company’s stock worth $3,535,000 after buying an additional 4,703 shares during the period. Bridgeway Capital Management LLC increased its stake in Lifetime Brands by 3.8% in the 3rd quarter. Bridgeway Capital Management LLC now owns 243,414 shares of the company’s stock worth $942,000 after buying an additional 8,820 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Lifetime Brands during the third quarter valued at about $118,000. 40.62% of the stock is owned by hedge funds and other institutional investors.

Lifetime Brands Company Profile

Lifetime Brands, Inc, through its subsidiaries, designs, sources, manufactures and distributes a broad portfolio of consumer products for the home. Headquartered in Garden City, New York, the company operates three primary business segments—Kitchenware, Tabletop & Home Décor and Tools & Storage—providing solutions for food preparation, cooking, serving and storage under both proprietary and licensed brand names.

In the Kitchenware segment, Lifetime Brands offers cookware, bakeware, cutlery and small electric appliances under brands such as Farberware and Chef’sChoice.