Lifetime Brands (NASDAQ:LCUT) Cut to Hold at StockNews.com

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

A number of other equities research analysts also recently issued reports on LCUT. Canaccord Genuity Group decreased their price target on shares of Lifetime Brands from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. DA Davidson reduced their target price on shares of Lifetime Brands from $14.00 to $11.50 and set a “buy” rating on the stock in a report on Wednesday.

Lifetime Brands Price Performance

Shares of LCUT stock traded down $0.10 during trading hours on Friday, hitting $6.40. The stock had a trading volume of 23,113 shares, compared to its average volume of 75,387. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.36 and a quick ratio of 0.97. The stock has a market capitalization of $141.82 million, a price-to-earnings ratio of -6.46, a PEG ratio of 0.82 and a beta of 1.29. Lifetime Brands has a one year low of $5.25 and a one year high of $11.68. The stock’s 50-day moving average price is $6.03 and its two-hundred day moving average price is $7.30.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. JB Capital Partners LP raised its stake in shares of Lifetime Brands by 13.0% in the third quarter. JB Capital Partners LP now owns 940,814 shares of the company’s stock valued at $6,106,000 after acquiring an additional 108,193 shares during the period. American Century Companies Inc. grew its holdings in Lifetime Brands by 88.0% during the 2nd quarter. American Century Companies Inc. now owns 161,252 shares of the company’s stock valued at $1,385,000 after purchasing an additional 75,475 shares during the last quarter. Acadian Asset Management LLC raised its position in Lifetime Brands by 20.4% in the 2nd quarter. Acadian Asset Management LLC now owns 318,957 shares of the company’s stock worth $2,737,000 after purchasing an additional 54,142 shares during the period. Panagora Asset Management Inc. bought a new stake in Lifetime Brands in the second quarter worth about $450,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Lifetime Brands by 3.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,216,375 shares of the company’s stock valued at $10,449,000 after buying an additional 38,471 shares during the period. 40.62% of the stock is owned by hedge funds and other institutional investors.

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.