Lifetime Brands (NASDAQ:LCUT) Downgraded to Hold Rating by StockNews.com

Lifetime Brands (NASDAQ:LCUT - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Friday.

A number of other analysts have also recently commented on the stock. 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 report on Friday, October 18th. DA Davidson reduced their price objective on Lifetime Brands from $14.00 to $11.50 and set a "buy" rating for the company in a research note on Wednesday.

Lifetime Brands Stock Performance

Shares of LCUT stock traded down $0.10 on Friday, reaching $6.40. The stock had a trading volume of 23,113 shares, compared to its average volume of 75,387. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.97 and a current ratio of 2.36. Lifetime Brands has a 1 year low of $5.25 and a 1 year high of $11.68. The stock has a market cap of $141.82 million, a P/E ratio of -6.46, a price-to-earnings-growth ratio of 0.82 and a beta of 1.29. The company has a 50 day simple moving average of $6.03 and a 200 day simple moving average of $7.30.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.17). Lifetime Brands had a positive return on equity of 3.13% and a negative net margin of 3.19%. The firm had revenue of $183.84 million during the quarter, compared to analysts' expectations of $193.90 million. During the same period in the previous year, the business posted $0.36 earnings per share. Equities research analysts expect that Lifetime Brands will post 0.55 EPS for the current year.

Hedge Funds Weigh In On Lifetime Brands

Hedge funds have recently modified their holdings of the company. JB Capital Partners LP raised its position in shares of Lifetime Brands by 13.0% during the 3rd quarter. JB Capital Partners LP now owns 940,814 shares of the company's stock valued at $6,106,000 after purchasing an additional 108,193 shares during the period. American Century Companies Inc. raised its holdings 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 during the period. Acadian Asset Management LLC lifted its position 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 valued at $2,737,000 after acquiring an additional 54,142 shares in the last quarter. Panagora Asset Management Inc. bought a new position in shares of Lifetime Brands in the second quarter worth about $450,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Lifetime Brands by 3.3% during the second 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 in the last quarter. 40.62% of the stock is currently 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.

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