Lifetime Brands (NASDAQ:LCUT) Raised to “Buy” at StockNews.com

Lifetime Brands (NASDAQ:LCUT) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Tuesday.

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

Lifetime Brands Stock Up 3.1 %

Shares of Lifetime Brands stock opened at $5.60 on Tuesday. Lifetime Brands has a 52-week low of $4.70 and a 52-week high of $11.68. The company has a 50 day moving average of $5.44 and a 200 day moving average of $5.90. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $124.08 million, a P/E ratio of -5.66, a P/E/G ratio of 0.48 and a beta of 1.35.

Lifetime Brands (NASDAQ:LCUT) last issued its quarterly earnings results on Thursday, March 13th. The company reported $0.55 earnings per share (EPS) for the quarter, topping 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 company had revenue of $215.21 million during the quarter, compared to the consensus estimate of $206.60 million. As a group, research analysts forecast that Lifetime Brands will post 0.55 EPS for the current fiscal year.

Hedge Funds Weigh In On Lifetime Brands

Institutional investors have recently modified their holdings of the business. Jane Street Group LLC acquired a new position in shares of Lifetime Brands in the 3rd quarter valued at $67,000. BNP Paribas Financial Markets increased its holdings in shares of Lifetime Brands by 657.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 18,096 shares of the company’s stock valued at $118,000 after acquiring an additional 15,708 shares during the period. Barclays PLC increased its stake in Lifetime Brands by 38.7% in 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. Quadrature Capital Ltd acquired a new position in Lifetime Brands in the 3rd quarter valued at $128,000. Finally, Hohimer Wealth Management LLC acquired a new position in Lifetime Brands in the 3rd quarter valued at $133,000. 40.62% of the stock is 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.