Lifetime Brands Inc (NASDAQ:LCUT) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Analysts have set a 12 month consensus price objective of $7.00 for the company, according to Zacks. Zacks has also given Lifetime Brands an industry rank of 248 out of 255 based on the ratings given to its competitors.
A number of research firms have recently weighed in on LCUT. DA Davidson began coverage on Lifetime Brands in a research note on Tuesday, October 15th. They issued a “neutral” rating and a $9.00 price target on the stock. Zacks Investment Research downgraded Lifetime Brands from a “buy” rating to a “strong sell” rating in a research note on Wednesday, November 13th. Finally, ValuEngine raised Lifetime Brands from a “hold” rating to a “buy” rating in a research note on Friday, December 20th.
NASDAQ:LCUT opened at $7.22 on Friday. The stock’s fifty day moving average price is $6.61 and its two-hundred day moving average price is $7.93. Lifetime Brands has a 52-week low of $5.99 and a 52-week high of $11.55. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.21 and a current ratio of 2.79. The company has a market cap of $151.77 million, a price-to-earnings ratio of 25.79 and a beta of 1.27.
Lifetime Brands (NASDAQ:LCUT) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.57). The company had revenue of $215.50 million during the quarter, compared to analyst estimates of $222.02 million. Lifetime Brands had a negative net margin of 2.70% and a positive return on equity of 0.01%. On average, equities analysts predict that Lifetime Brands will post 0.54 EPS for the current fiscal year.
In related news, Director Michael J. Jeary sold 5,087 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $6.45, for a total transaction of $32,811.15. Following the sale, the director now owns 83,113 shares of the company’s stock, valued at approximately $536,078.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael J. Jeary sold 14,835 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $6.38, for a total value of $94,647.30. Corporate insiders own 44.70% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Rhumbline Advisers raised its stake in Lifetime Brands by 9.6% during the 3rd quarter. Rhumbline Advisers now owns 18,770 shares of the company’s stock worth $166,000 after buying an additional 1,649 shares during the period. Bank of New York Mellon Corp raised its stake in Lifetime Brands by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 93,393 shares of the company’s stock worth $884,000 after buying an additional 1,471 shares during the period. Northern Trust Corp raised its stake in Lifetime Brands by 1.3% during the 2nd quarter. Northern Trust Corp now owns 149,845 shares of the company’s stock worth $1,417,000 after buying an additional 1,864 shares during the period. Boston Partners raised its stake in Lifetime Brands by 159.5% during the 2nd quarter. Boston Partners now owns 170,245 shares of the company’s stock worth $1,611,000 after buying an additional 104,631 shares during the period. Finally, Teton Advisors Inc. raised its stake in Lifetime Brands by 2.6% during the 3rd quarter. Teton Advisors Inc. now owns 237,175 shares of the company’s stock worth $2,099,000 after buying an additional 6,000 shares during the period. 44.81% of the stock is currently owned by institutional investors and hedge funds.
Lifetime Brands Company Profile
Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the United States and internationally. The company operates through two segments, U.S. and International. It offers kitchenware products, including kitchen tools and gadgets, cutlery, cutting boards, shears, cookware, pantryware, spice racks, and bakeware, as well as kitchen scales; and tableware products comprising dinnerware, stemware, flatware, and giftware.
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