Lifetime Brands (NASDAQ:LCUT) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Lifetime Brands, Inc. (NASDAQ:LCUT) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.13 and traded as high as $6.92. Lifetime Brands shares last traded at $6.84, with a volume of 46,304 shares trading hands.

Analyst Ratings Changes

A number of brokerages recently commented on LCUT. Weiss Ratings restated a “sell (d-)” rating on shares of Lifetime Brands in a research note on Thursday, January 22nd. Zacks Research lowered Lifetime Brands from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Canaccord Genuity Group upped their target price on Lifetime Brands from $3.50 to $5.00 and gave the company a “hold” rating in a research note on Thursday, April 16th. Roth Mkm started coverage on Lifetime Brands in a research note on Friday, February 13th. They set a “buy” rating and a $5.00 price objective for the company. Finally, Wall Street Zen upgraded Lifetime Brands to a “hold” rating in a research note on Saturday. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $5.00.

Lifetime Brands Stock Performance

The firm has a fifty day moving average of $4.98 and a 200-day moving average of $4.13. The firm has a market cap of $154.93 million, a P/E ratio of -5.52, a PEG ratio of 0.77 and a beta of 0.83. The company has a quick ratio of 1.37, a current ratio of 2.85 and a debt-to-equity ratio of 0.89.

Lifetime Brands (NASDAQ:LCUT) last posted its quarterly earnings results on Thursday, March 12th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.87. Lifetime Brands had a positive return on equity of 4.66% and a negative net margin of 4.16%.The business had revenue of $204.07 million for the quarter, compared to analysts’ expectations of $202.09 million. Research analysts predict that Lifetime Brands, Inc. will post 0.61 earnings per share for the current fiscal year.

Lifetime Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be issued a dividend of $0.0425 per share. The ex-dividend date is Friday, May 1st. This represents a $0.17 dividend on an annualized basis and a yield of 2.5%. Lifetime Brands’s dividend payout ratio (DPR) is -13.71%.

Hedge Funds Weigh In On Lifetime Brands

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased its position in shares of Lifetime Brands by 0.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 913,425 shares of the company’s stock worth $3,535,000 after purchasing an additional 4,703 shares during the last quarter. Empowered Funds LLC increased its position in shares of Lifetime Brands by 7.3% during the 1st quarter. Empowered Funds LLC now owns 108,458 shares of the company’s stock worth $535,000 after purchasing an additional 7,385 shares during the last quarter. Bridgeway Capital Management LLC increased its position in shares of Lifetime Brands by 3.8% during the 3rd quarter. Bridgeway Capital Management LLC now owns 243,414 shares of the company’s stock worth $942,000 after purchasing an additional 8,820 shares during the last quarter. JB Capital Partners LP increased its position 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 worth $6,145,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Royce & Associates LP acquired a new position in shares of Lifetime Brands during the 3rd quarter worth approximately $41,000. Institutional investors own 40.62% of the company’s stock.

About Lifetime Brands

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.