Lifetime Brands (NASDAQ:LCUT) Lowered to “Neutral” Rating by DA Davidson

Lifetime Brands (NASDAQ:LCUT) was downgraded by investment analysts at DA Davidson from a “buy” rating to a “neutral” rating in a research note issued on Monday,Briefing.com Automated Import reports. They currently have a $6.75 price objective on the stock, down from their prior price objective of $11.50. DA Davidson’s price target suggests a potential upside of 4.17% from the company’s previous close.

A number of other analysts also recently commented on LCUT. StockNews.com upgraded shares of Lifetime Brands from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Canaccord Genuity Group dropped their price target on shares of Lifetime Brands from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, October 18th.

Lifetime Brands Trading Up 4.9 %

Shares of NASDAQ:LCUT opened at $6.48 on Monday. The company has a market cap of $143.60 million, a PE ratio of -6.55, a P/E/G ratio of 0.63 and a beta of 1.28. The company’s 50-day moving average price is $6.00 and its 200 day moving average price is $6.49. Lifetime Brands has a fifty-two week low of $5.25 and a fifty-two week high of $11.68. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.88.

Lifetime Brands (NASDAQ:LCUT) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.17). Lifetime Brands had a negative net margin of 3.19% and a positive return on equity of 3.13%. The firm had revenue of $183.84 million during the quarter, compared to the consensus estimate of $193.90 million. During the same quarter in the prior year, the business earned $0.36 earnings per share. Sell-side analysts anticipate that Lifetime Brands will post 0.55 earnings per share for the current year.

Institutional Trading of Lifetime Brands

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mackenzie Financial Corp bought a new stake in shares of Lifetime Brands in the 2nd quarter worth approximately $87,000. Jane Street Group LLC bought a new stake in shares of Lifetime Brands in the 3rd quarter worth approximately $67,000. BNP Paribas Financial Markets raised 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 worth $118,000 after purchasing an additional 15,708 shares in the last quarter. Barclays PLC raised its holdings in shares of Lifetime Brands by 38.7% in the 3rd quarter. Barclays PLC now owns 19,016 shares of the company’s stock worth $124,000 after purchasing an additional 5,302 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Lifetime Brands in the 3rd quarter worth approximately $128,000. 40.62% of the stock is currently owned by institutional investors.

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.