Lifetime Brands (NASDAQ:LCUT) Stock Rating Upgraded by StockNews.com

Lifetime Brands (NASDAQ:LCUT) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

Several other brokerages also recently weighed in on LCUT. DA Davidson cut their price target on Lifetime Brands from $14.00 to $11.50 and set a “buy” rating on the stock in a research report on Wednesday, December 11th. Canaccord Genuity Group dropped their target price on Lifetime Brands from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, October 18th.

Lifetime Brands Stock Up 0.5 %

Shares of LCUT stock opened at $6.08 on Wednesday. Lifetime Brands has a fifty-two week low of $5.25 and a fifty-two week high of $11.68. The firm has a market capitalization of $134.73 million, a PE ratio of -6.14, a P/E/G ratio of 0.60 and a beta of 1.27. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.97 and a current ratio of 2.36. The stock’s 50-day simple moving average is $5.93 and its 200-day simple moving average is $6.56.

Lifetime Brands (NASDAQ:LCUT) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.17). Lifetime Brands had a positive return on equity of 3.13% and a negative net margin of 3.19%. The business had revenue of $183.84 million during the quarter, compared to analyst estimates of $193.90 million. During the same quarter last year, the company posted $0.36 EPS. Equities analysts expect that Lifetime Brands will post 0.55 earnings per share for the current year.

Institutional Investors Weigh In On Lifetime Brands

A number of institutional investors have recently modified their holdings of the business. Jane Street Group LLC purchased a new position in Lifetime Brands during the third quarter worth approximately $67,000. Mackenzie Financial Corp purchased a new position in shares of Lifetime Brands during the 2nd quarter valued at approximately $87,000. Rhumbline Advisers grew its stake in Lifetime Brands by 579.0% in the 2nd quarter. Rhumbline Advisers now owns 13,173 shares of the company’s stock valued at $113,000 after acquiring an additional 11,233 shares during the period. BNP Paribas Financial Markets increased its holdings in Lifetime Brands by 657.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 18,096 shares of the company’s stock worth $118,000 after acquiring an additional 15,708 shares in the last quarter. Finally, Barclays PLC raised its position in Lifetime Brands by 38.7% during the third quarter. Barclays PLC now owns 19,016 shares of the company’s stock worth $124,000 after acquiring an additional 5,302 shares during the period. 40.62% of the stock is currently owned by institutional investors and hedge funds.

About Lifetime Brands

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.