Lifetime Brands, Inc. (NASDAQ:LCUT) Given Average Rating of “Hold” by Brokerages

Lifetime Brands, Inc. (NASDAQ:LCUT) has received an average recommendation of “Hold” from the five ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $4.8333.

Several research firms have commented on LCUT. Zacks Research upgraded Lifetime Brands from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Canaccord Genuity Group reissued a “hold” rating and issued a $3.50 price objective (down previously from $4.00) on shares of Lifetime Brands in a research report on Monday, January 26th. Roth Mkm assumed coverage on shares of Lifetime Brands in a report on Friday. They set a “buy” rating and a $5.00 target price for the company. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lifetime Brands in a research report on Thursday, January 22nd.

Lifetime Brands Stock Up 1.2%

Shares of LCUT stock traded up $0.04 on Friday, hitting $3.41. 3,688 shares of the stock were exchanged, compared to its average volume of 20,480. The company has a current ratio of 2.71, a quick ratio of 1.11 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $77.27 million, a P/E ratio of -2.05, a price-to-earnings-growth ratio of 0.54 and a beta of 1.30. The business has a 50-day moving average of $3.83 and a 200 day moving average of $3.79. Lifetime Brands has a fifty-two week low of $2.89 and a fifty-two week high of $5.78.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. boosted its position in Lifetime Brands by 0.5% during the third quarter. Ameriprise Financial Inc. now owns 913,425 shares of the company’s stock worth $3,535,000 after purchasing an additional 4,703 shares during the period. Martin & Co. Inc. TN raised its position in shares of Lifetime Brands by 1.3% in the second quarter. Martin & Co. Inc. TN now owns 525,757 shares of the company’s stock valued at $2,681,000 after purchasing an additional 6,943 shares during the period. Empowered Funds LLC lifted its stake in shares of Lifetime Brands by 7.3% during the 1st quarter. Empowered Funds LLC now owns 108,458 shares of the company’s stock worth $535,000 after buying an additional 7,385 shares during the last quarter. Bridgeway Capital Management LLC boosted its holdings in shares of Lifetime Brands by 3.8% during the 3rd quarter. Bridgeway Capital Management LLC now owns 243,414 shares of the company’s stock worth $942,000 after buying an additional 8,820 shares during the period. Finally, JB Capital Partners LP grew its stake in Lifetime Brands by 0.6% in the 3rd quarter. JB Capital Partners LP now owns 1,587,852 shares of the company’s stock valued at $6,145,000 after buying an additional 10,000 shares during the last quarter. 40.62% of the stock is owned by institutional investors and hedge funds.

About Lifetime Brands

Lifetime Brands, Inc, through its subsidiaries, designs, sources, manufactures and distributes a broad portfolio of consumer products for the home. Headquartered in Garden City, New York, the company operates three primary business segments—Kitchenware, Tabletop & Home Décor and Tools & Storage—providing solutions for food preparation, cooking, serving and storage under both proprietary and licensed brand names.

In the Kitchenware segment, Lifetime Brands offers cookware, bakeware, cutlery and small electric appliances under brands such as Farberware and Chef’sChoice.