Lifetime Brands (NASDAQ:LCUT) Upgraded at StockNews.com

StockNews.com upgraded shares of Lifetime Brands (NASDAQ:LCUT) from a hold rating to a buy rating in a report published on Tuesday.

Separately, DA Davidson lowered shares of Lifetime Brands from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $11.50 to $6.75 in a research note on Monday, February 3rd.

Lifetime Brands Trading Up 0.2 %

Shares of Lifetime Brands stock opened at $5.61 on Tuesday. The firm has a market capitalization of $124.30 million, a PE ratio of -5.67, a P/E/G ratio of 0.48 and a beta of 1.35. Lifetime Brands has a twelve month low of $4.70 and a twelve month high of $11.68. The firm’s 50-day moving average price is $5.44 and its 200 day moving average price is $5.89. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.88.

Lifetime Brands (NASDAQ:LCUT) last issued its quarterly earnings results on Thursday, March 13th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. Lifetime Brands had a negative net margin of 3.19% and a positive return on equity of 3.13%. The firm had revenue of $215.21 million for the quarter, compared to analyst estimates of $206.60 million. On average, sell-side analysts predict that Lifetime Brands will post 0.55 EPS for the current fiscal year.

Lifetime Brands Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Thursday, May 1st. Lifetime Brands’s dividend payout ratio (DPR) is -23.94%.

Institutional Trading of Lifetime Brands

Institutional investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new stake in shares of Lifetime Brands during the 3rd quarter valued at approximately $67,000. Geode Capital Management LLC raised its position in shares of Lifetime Brands by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 294,291 shares of the company’s stock valued at $1,925,000 after buying an additional 11,118 shares during the period. Barclays PLC raised its position in shares of Lifetime Brands by 38.7% during the 3rd quarter. Barclays PLC now owns 19,016 shares of the company’s stock valued at $124,000 after buying an additional 5,302 shares during the period. JB Capital Partners LP raised its position in shares of Lifetime Brands by 13.0% during the 3rd quarter. JB Capital Partners LP now owns 940,814 shares of the company’s stock valued at $6,106,000 after buying an additional 108,193 shares during the period. Finally, BNP Paribas Financial Markets raised its position in shares of Lifetime Brands by 657.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 18,096 shares of the company’s stock valued at $118,000 after buying an additional 15,708 shares during the period. Hedge funds and other institutional investors 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.