Lifetime Brands (NASDAQ:LCUT) Stock Rating Lowered by StockNews.com

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

LCUT has been the topic of several other reports. DA Davidson downgraded shares of Lifetime Brands from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $11.50 to $6.75 in a report on Monday, February 3rd. Canaccord Genuity Group cut their price target on Lifetime Brands from $10.00 to $9.00 and set a "buy" rating on the stock in a research report on Friday, October 18th.

Lifetime Brands Trading Up 0.9 %

Shares of NASDAQ:LCUT traded up $0.05 during trading hours on Tuesday, hitting $5.35. 87,237 shares of the company's stock traded hands, compared to its average volume of 49,312. Lifetime Brands has a 1 year low of $5.25 and a 1 year high of $11.68. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.36 and a quick ratio of 0.97. The firm has a market capitalization of $118.56 million, a P/E ratio of -5.40, a price-to-earnings-growth ratio of 0.51 and a beta of 1.28. The business has a fifty day moving average price of $5.97 and a 200-day moving average price of $6.40.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last issued its earnings results 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 positive return on equity of 3.13% and a negative net margin of 3.19%. The company had revenue of $183.84 million during the quarter, compared to the consensus estimate of $193.90 million. During the same quarter in the prior year, the company earned $0.36 earnings per share. Equities analysts expect that Lifetime Brands will post 0.55 earnings per share for the current year.

Hedge Funds Weigh In On Lifetime Brands

Several institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC raised its holdings in Lifetime Brands by 14.8% in the 2nd quarter. Renaissance Technologies LLC now owns 108,051 shares of the company's stock valued at $928,000 after buying an additional 13,900 shares during the period. Squarepoint Ops LLC increased its stake in Lifetime Brands by 28.5% during the second quarter. Squarepoint Ops LLC now owns 20,621 shares of the company's stock worth $177,000 after purchasing an additional 4,575 shares during the period. Mackenzie Financial Corp acquired a new stake in shares of Lifetime Brands during the second quarter worth about $87,000. Royce & Associates LP grew its holdings in shares of Lifetime Brands by 9.7% in the third quarter. Royce & Associates LP now owns 130,841 shares of the company's stock valued at $856,000 after purchasing an additional 11,547 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in Lifetime Brands by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 96,093 shares of the company's stock worth $628,000 after buying an additional 4,824 shares during the period. Hedge funds and other 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.