Lifetime Brands (NASDAQ:LCUT) Rating Lowered to “Hold” at StockNews.com

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

LCUT has been the topic of a number of other research reports. DA Davidson decreased their target price on shares of Lifetime Brands from $6.75 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Canaccord Genuity Group decreased their target price on shares of Lifetime Brands from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Monday.

Lifetime Brands Stock Performance

Shares of NASDAQ:LCUT opened at $3.32 on Monday. The company’s 50 day simple moving average is $4.30 and its 200 day simple moving average is $5.24. The stock has a market capitalization of $74.41 million, a price-to-earnings ratio of -3.35, a price-to-earnings-growth ratio of 0.48 and a beta of 1.55. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.36 and a quick ratio of 0.97. Lifetime Brands has a 1 year low of $2.89 and a 1 year high of $11.68.

Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.11). The firm had revenue of $140.09 million during the quarter, compared to the consensus estimate of $144.86 million. Lifetime Brands had a negative net margin of 3.19% and a positive return on equity of 3.13%. As a group, research analysts predict that Lifetime Brands will post 0.55 EPS for the current fiscal year.

Institutional Trading of Lifetime Brands

Several institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its stake in shares of Lifetime Brands by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,260,722 shares of the company’s stock worth $7,450,000 after purchasing an additional 21,139 shares during the last quarter. JB Capital Partners LP grew its stake in shares of Lifetime Brands by 32.7% in the fourth quarter. JB Capital Partners LP now owns 1,248,121 shares of the company’s stock worth $7,376,000 after purchasing an additional 307,307 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its stake in shares of Lifetime Brands by 3.3% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 554,805 shares of the company’s stock worth $3,279,000 after purchasing an additional 17,698 shares during the last quarter. Martin & Co. Inc. TN grew its stake in shares of Lifetime Brands by 41.2% in the fourth quarter. Martin & Co. Inc. TN now owns 331,939 shares of the company’s stock worth $1,962,000 after purchasing an additional 96,816 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Lifetime Brands by 270.1% in the first quarter. Bank of New York Mellon Corp now owns 140,710 shares of the company’s stock worth $694,000 after purchasing an additional 102,691 shares during the last quarter. 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.