Roth Mkm Initiates Coverage on Lifetime Brands (NASDAQ:LCUT)

Roth Mkm assumed coverage on shares of Lifetime Brands (NASDAQ:LCUT) in a research report issued on Friday, MarketBeat.com reports. The firm set a “buy” rating and a $5.00 price target on the stock. Roth Mkm’s price target suggests a potential upside of 46.20% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lifetime Brands in a research report on Thursday, January 22nd. Zacks Research raised shares of Lifetime Brands from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Finally, Canaccord Genuity Group reiterated a “hold” rating and set a $3.50 price objective (down from $4.00) on shares of Lifetime Brands in a research note on Monday, January 26th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Lifetime Brands has an average rating of “Hold” and a consensus target price of $4.83.

Lifetime Brands Price Performance

NASDAQ LCUT opened at $3.42 on Friday. The firm’s fifty day simple moving average is $3.81 and its two-hundred day simple moving average is $3.78. The firm has a market capitalization of $77.50 million, a P/E ratio of -2.06, a P/E/G ratio of 0.54 and a beta of 1.30. The company has a current ratio of 2.71, a quick ratio of 1.11 and a debt-to-equity ratio of 1.03. Lifetime Brands has a 12-month low of $2.89 and a 12-month high of $5.78.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Royce & Associates LP purchased a new stake in Lifetime Brands in the third quarter valued at $41,000. Qube Research & Technologies Ltd acquired a new position in shares of Lifetime Brands in the 2nd quarter valued at about $88,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Lifetime Brands in the third quarter worth about $118,000. Jane Street Group LLC grew its holdings in Lifetime Brands by 388.4% during the fourth quarter. Jane Street Group LLC now owns 51,795 shares of the company’s stock worth $205,000 after acquiring an additional 41,191 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Lifetime Brands during the second quarter worth about $212,000. Hedge funds and other 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.