Lifetime Brands (NASDAQ:LCUT) Rating Increased to Strong-Buy at Zacks Research

Lifetime Brands (NASDAQ:LCUT) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Several other research analysts also recently issued reports on the company. Canaccord Genuity Group restated a “hold” rating and set a $3.50 price objective on shares of Lifetime Brands in a research report on Friday, March 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lifetime Brands in a report on Thursday, January 22nd. Finally, Roth Mkm began coverage on Lifetime Brands in a research report on Friday, February 13th. They set a “buy” rating and a $5.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $4.83.

Lifetime Brands Price Performance

Shares of NASDAQ LCUT opened at $4.09 on Tuesday. The company has a current ratio of 2.85, a quick ratio of 1.37 and a debt-to-equity ratio of 0.89. The company’s 50-day moving average price is $3.56 and its 200 day moving average price is $3.69. Lifetime Brands has a 52 week low of $2.89 and a 52 week high of $5.78. The stock has a market cap of $92.64 million, a price-to-earnings ratio of -3.30, a PEG ratio of 0.50 and a beta of 1.29.

Lifetime Brands (NASDAQ:LCUT) last announced its earnings results on Thursday, March 12th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.87. Lifetime Brands had a negative net margin of 4.16% and a positive return on equity of 4.66%. The company had revenue of $204.07 million during the quarter, compared to analysts’ expectations of $202.09 million. As a group, research analysts forecast that Lifetime Brands will post 0.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lifetime Brands

Institutional investors and hedge funds have recently modified their holdings of the company. JB Capital Partners LP boosted its position in Lifetime Brands by 2.5% during the fourth quarter. JB Capital Partners LP now owns 1,627,852 shares of the company’s stock worth $6,430,000 after acquiring an additional 40,000 shares during the last quarter. Jane Street Group LLC grew its stake in Lifetime Brands by 388.4% in the 4th quarter. Jane Street Group LLC now owns 51,795 shares of the company’s stock worth $205,000 after acquiring an additional 41,191 shares during the period. Ameriprise Financial Inc. raised its holdings in Lifetime Brands by 0.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 913,425 shares of the company’s stock valued at $3,535,000 after acquiring an additional 4,703 shares during the last quarter. Bridgeway Capital Management LLC raised its holdings in Lifetime Brands by 3.8% in the 3rd quarter. Bridgeway Capital Management LLC now owns 243,414 shares of the company’s stock valued at $942,000 after acquiring an additional 8,820 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Lifetime Brands during the 3rd quarter worth $118,000. Hedge funds and other institutional investors own 40.62% of the company’s stock.

Lifetime Brands Company Profile

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.