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

Lifetime Brands, Inc. (NASDAQ:LCUT) has been given a consensus rating of “Hold” by the five analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $4.8333.

Several equities research analysts recently issued reports on the company. Canaccord Genuity Group reissued a “hold” rating and set a $3.50 price objective on shares of Lifetime Brands in a research note on Friday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lifetime Brands in a report on Thursday, January 22nd. Zacks Research upgraded Lifetime Brands from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Roth Mkm assumed coverage on Lifetime Brands in a report on Friday, February 13th. They set a “buy” rating and a $5.00 price objective for the company.

Institutional Trading of Lifetime Brands

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Royce & Associates LP bought a new stake in shares of Lifetime Brands during the 3rd quarter worth $41,000. Qube Research & Technologies Ltd bought a new position in Lifetime Brands in the second quarter valued at $88,000. Arrowstreet Capital Limited Partnership purchased a new stake in Lifetime Brands during the third quarter valued at about $118,000. Jane Street Group LLC raised its position in Lifetime Brands by 388.4% during the fourth quarter. Jane Street Group LLC now owns 51,795 shares of the company’s stock valued at $205,000 after purchasing an additional 41,191 shares in the last quarter. Finally, Teton Advisors LLC bought a new stake in Lifetime Brands during the third quarter worth about $381,000. Hedge funds and other institutional investors own 40.62% of the company’s stock.

Lifetime Brands Stock Performance

NASDAQ LCUT opened at $4.63 on Tuesday. The company’s 50 day simple moving average is $3.55 and its two-hundred day simple moving average is $3.68. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.85 and a quick ratio of 1.37. Lifetime Brands has a 1 year low of $2.89 and a 1 year high of $5.78. The stock has a market capitalization of $104.90 million, a PE ratio of -3.73, a P/E/G ratio of 0.53 and a beta of 1.29.

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

Lifetime Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be paid a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, May 1st. Lifetime Brands’s payout ratio is currently -13.71%.

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.