Lifetime Brands (NASDAQ:LCUT) Cut to Hold at StockNews.com

StockNews.com lowered shares of Lifetime Brands (NASDAQ:LCUT) from a buy rating to a hold rating in a research note published on Friday morning.

LCUT has been the subject of several other reports. DA Davidson lowered their price objective on shares of Lifetime Brands from $14.00 to $11.50 and set a “buy” rating for the company in a research note on Wednesday, December 11th. Canaccord Genuity Group lowered their price target on Lifetime Brands from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, October 18th.

Lifetime Brands Trading Down 1.5 %

Shares of NASDAQ:LCUT opened at $6.40 on Friday. The business’s 50-day moving average is $6.03 and its 200 day moving average is $7.25. 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 has a 1 year low of $5.25 and a 1 year high of $11.68. The firm has a market capitalization of $141.80 million, a P/E ratio of -6.46, a P/E/G ratio of 0.82 and a beta of 1.29.

Lifetime Brands (NASDAQ:LCUT) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). The business had revenue of $183.84 million for the quarter, compared to analysts’ expectations of $193.90 million. Lifetime Brands had a positive return on equity of 3.13% and a negative net margin of 3.19%. During the same quarter in the previous year, the firm posted $0.36 EPS. On average, research analysts predict that Lifetime Brands will post 0.55 earnings per share for the current fiscal year.

Lifetime Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a $0.043 dividend. This represents a $0.17 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Friday, January 31st. Lifetime Brands’s dividend payout ratio (DPR) is currently -17.17%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LCUT. Squarepoint Ops LLC boosted its holdings in Lifetime Brands by 28.5% in the second quarter. Squarepoint Ops LLC now owns 20,621 shares of the company’s stock valued at $177,000 after purchasing an additional 4,575 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Lifetime Brands by 20.4% in 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. JB Capital Partners LP boosted its stake in shares of Lifetime Brands by 13.0% in the third quarter. JB Capital Partners LP now owns 940,814 shares of the company’s stock worth $6,106,000 after buying an additional 108,193 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Lifetime Brands by 22.8% during the second quarter. Bank of New York Mellon Corp now owns 151,186 shares of the company’s stock worth $1,299,000 after acquiring an additional 28,104 shares during the period. Finally, American Century Companies Inc. raised its position in Lifetime Brands by 88.0% during 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 in the last quarter. Hedge funds and other institutional investors own 40.62% of the company’s stock.

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.