Lifetime Brands (NASDAQ:LCUT) Given New $6.00 Price Target at DA Davidson

Lifetime Brands (NASDAQ:LCUT) had its price objective lowered by DA Davidson from $6.75 to $6.00 in a research note published on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Separately, StockNews.com raised Lifetime Brands from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th.

Lifetime Brands Price Performance

Shares of NASDAQ LCUT opened at $5.40 on Thursday. The stock has a fifty day simple moving average of $5.43 and a two-hundred day simple moving average of $5.87. Lifetime Brands has a 1-year low of $4.70 and a 1-year high of $11.68. The firm has a market cap of $119.68 million, a price-to-earnings ratio of -5.45, a price-to-earnings-growth ratio of 0.48 and a beta of 1.35. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.88.

Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings data on Thursday, March 13th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.05. Lifetime Brands had a positive return on equity of 3.13% and a negative net margin of 3.19%. The business had revenue of $215.21 million during the quarter, compared to analyst estimates of $206.60 million. Analysts anticipate that Lifetime Brands will post 0.55 earnings per share for the current year.

Lifetime Brands Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Thursday, May 1st. Lifetime Brands’s payout ratio is currently -23.94%.

Hedge Funds Weigh In On Lifetime Brands

A number of large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Lifetime Brands by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,260,722 shares of the company’s stock worth $7,450,000 after acquiring an additional 21,139 shares during the period. JB Capital Partners LP boosted its holdings in shares of Lifetime Brands by 32.7% in the fourth quarter. JB Capital Partners LP now owns 1,248,121 shares of the company’s stock worth $7,376,000 after acquiring an additional 307,307 shares during the period. Pacific Ridge Capital Partners LLC boosted its stake in Lifetime Brands by 3.3% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 554,805 shares of the company’s stock valued at $3,279,000 after buying an additional 17,698 shares during the period. Martin & Co. Inc. TN boosted its stake in Lifetime Brands by 41.2% during the fourth quarter. Martin & Co. Inc. TN now owns 331,939 shares of the company’s stock valued at $1,962,000 after buying an additional 96,816 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Lifetime Brands by 3.9% during the third quarter. Geode Capital Management LLC now owns 294,291 shares of the company’s stock valued at $1,925,000 after buying an additional 11,118 shares during the period. 40.62% of the stock is owned by institutional investors.

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.