DA Davidson Raises Lifetime Brands (NASDAQ:LCUT) Price Target to $14.00

Lifetime Brands (NASDAQ:LCUT) had its target price upped by research analysts at DA Davidson from $13.50 to $14.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s target price would indicate a potential upside of 111.80% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the company. Canaccord Genuity Group upped their price target on Lifetime Brands from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, May 10th. StockNews.com lowered shares of Lifetime Brands from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 6th.

Lifetime Brands Stock Down 4.9 %

LCUT traded down $0.34 during trading on Monday, hitting $6.61. 85,615 shares of the company’s stock were exchanged, compared to its average volume of 85,625. Lifetime Brands has a fifty-two week low of $4.86 and a fifty-two week high of $11.68. The stock has a market cap of $145.90 million, a P/E ratio of -24.26, a PEG ratio of 0.85 and a beta of 1.29. The business’s 50 day moving average is $8.60 and its two-hundred day moving average is $9.37. The company has a quick ratio of 1.07, a current ratio of 2.62 and a debt-to-equity ratio of 0.77.

Lifetime Brands (NASDAQ:LCUT) last posted its earnings results on Thursday, August 8th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The business had revenue of $141.67 million during the quarter, compared to analyst estimates of $41.90 million. Lifetime Brands had a positive return on equity of 4.63% and a negative net margin of 0.86%. During the same quarter in the prior year, the company earned ($0.02) EPS. As a group, equities analysts expect that Lifetime Brands will post 0.71 earnings per share for the current fiscal year.

Institutional Trading of Lifetime Brands

Hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in Lifetime Brands by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,216,375 shares of the company’s stock valued at $10,449,000 after purchasing an additional 38,471 shares during the period. Acadian Asset Management LLC increased its holdings in Lifetime Brands by 20.4% during the second quarter. Acadian Asset Management LLC now owns 318,957 shares of the company’s stock worth $2,737,000 after buying an additional 54,142 shares during the last quarter. Essex Investment Management Co. LLC increased its holdings in Lifetime Brands by 1.6% during the first quarter. Essex Investment Management Co. LLC now owns 203,575 shares of the company’s stock worth $2,133,000 after buying an additional 3,129 shares during the last quarter. Gamco Investors INC. ET AL raised its position in Lifetime Brands by 20.9% in the first quarter. Gamco Investors INC. ET AL now owns 180,000 shares of the company’s stock worth $1,886,000 after acquiring an additional 31,153 shares during the period. Finally, American Century Companies Inc. boosted its stake in Lifetime Brands by 88.0% in the second quarter. American Century Companies Inc. now owns 161,252 shares of the company’s stock valued at $1,385,000 after acquiring an additional 75,475 shares during the last quarter. 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.