Lifetime Brands (NASDAQ:LCUT) Cut to Neutral at DA Davidson

DA Davidson lowered shares of Lifetime Brands (NASDAQ:LCUT) from a buy rating to a neutral rating in a research report released on Monday, Marketbeat reports. DA Davidson currently has $6.75 price target on the stock, down from their previous price target of $11.50.

A number of other equities analysts have also issued reports on LCUT. Canaccord Genuity Group lowered their target price 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. StockNews.com upgraded shares of Lifetime Brands from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd.

Lifetime Brands Stock Down 4.3 %

LCUT stock opened at $5.38 on Monday. 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 has a twelve month low of $5.25 and a twelve month high of $11.68. The company’s 50 day moving average is $6.00 and its two-hundred day moving average is $6.43. The stock has a market cap of $119.20 million, a P/E ratio of -5.43, a PEG ratio of 0.63 and a beta of 1.28.

Lifetime Brands (NASDAQ:LCUT) last released its quarterly earnings data 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 company had revenue of $183.84 million for the quarter, compared to analyst estimates 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 period in the previous year, the business posted $0.36 EPS. Research analysts expect that Lifetime Brands will post 0.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lifetime Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Martin & Co. Inc. TN grew its position in Lifetime Brands by 41.2% in the 4th 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 last quarter. Empowered Funds LLC grew its position in Lifetime Brands by 5.2% in the 4th quarter. Empowered Funds LLC now owns 101,073 shares of the company’s stock valued at $597,000 after buying an additional 4,980 shares during the last quarter. Barclays PLC grew its position in Lifetime Brands by 38.7% in the 3rd quarter. Barclays PLC now owns 19,016 shares of the company’s stock valued at $124,000 after buying an additional 5,302 shares during the last quarter. Hohimer Wealth Management LLC purchased a new position in Lifetime Brands in the 3rd quarter valued at $133,000. Finally, Geode Capital Management LLC grew its position in Lifetime Brands by 3.9% in the 3rd 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 last quarter. 40.62% of the stock is currently owned by hedge funds and other 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.