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

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

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

Lifetime Brands Stock Performance

Lifetime Brands stock opened at $6.48 on Monday. The firm’s 50 day simple moving average is $6.00 and its 200-day simple moving average 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 market cap of $143.60 million, a P/E ratio of -6.55, a price-to-earnings-growth ratio of 0.63 and a beta of 1.28. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.36 and a quick ratio of 0.97.

Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $183.84 million for the quarter, compared to analysts’ expectations of $193.90 million. During the same period in the previous year, the firm posted $0.36 earnings per share. As a group, equities research analysts predict that Lifetime Brands will post 0.55 EPS for the current year.

Institutional Investors Weigh In On Lifetime Brands

Several institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in shares of Lifetime Brands by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,216,375 shares of the company’s stock worth $10,449,000 after purchasing an additional 38,471 shares during the last quarter. JB Capital Partners LP grew its holdings in shares of Lifetime Brands by 13.0% in the 3rd quarter. JB Capital Partners LP now owns 940,814 shares of the company’s stock worth $6,106,000 after purchasing an additional 108,193 shares during the last quarter. Martin & Co. Inc. TN grew its holdings in Lifetime Brands by 41.2% during the 4th quarter. Martin & Co. Inc. TN now owns 331,939 shares of the company’s stock worth $1,962,000 after acquiring an additional 96,816 shares during the last quarter. Geode Capital Management LLC grew its holdings in Lifetime Brands by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 294,291 shares of the company’s stock worth $1,925,000 after acquiring an additional 11,118 shares during the last quarter. Finally, Royce & Associates LP grew its holdings in Lifetime Brands by 9.7% during the 3rd quarter. Royce & Associates LP now owns 130,841 shares of the company’s stock worth $856,000 after acquiring an additional 11,547 shares during the last quarter. Institutional investors own 40.62% of the company’s stock.

About Lifetime Brands

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.