DA Davidson Lowers Lifetime Brands (NASDAQ:LCUT) Price Target to $11.50

Lifetime Brands (NASDAQ:LCUT - Free Report) had its price objective lowered by DA Davidson from $14.00 to $11.50 in a research note issued to investors on Wednesday morning,Benzinga reports. DA Davidson currently has a buy rating on the stock.

Several other analysts have also recently issued reports on LCUT. Canaccord Genuity Group cut their price target on shares of Lifetime Brands from $10.00 to $9.00 and set a "buy" rating on the stock in a report on Friday, October 18th. StockNews.com upgraded shares of Lifetime Brands from a "hold" rating to a "buy" rating in a research note on Saturday, November 9th.

Lifetime Brands Stock Up 1.8 %

LCUT traded up $0.11 during trading hours on Wednesday, reaching $6.30. 229,782 shares of the stock traded hands, compared to its average volume of 75,755. Lifetime Brands has a fifty-two week low of $5.25 and a fifty-two week high of $11.68. The company has a market cap of $139.59 million, a price-to-earnings ratio of -6.36, a PEG ratio of 0.89 and a beta of 1.29. 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's fifty day simple moving average is $6.03 and its two-hundred day simple moving average is $7.31.

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 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 business had revenue of $183.84 million for the quarter, compared to analysts' expectations of $193.90 million. During the same period in the previous year, the firm posted $0.36 earnings per share. As a group, analysts forecast that Lifetime Brands will post 0.55 earnings per share for the current fiscal year.

Lifetime Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.043 per share. The ex-dividend date is Friday, January 31st. This represents a $0.17 annualized dividend and a yield of 2.73%. Lifetime Brands's payout ratio is -17.17%.

Hedge Funds Weigh In On Lifetime Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of LCUT. Mackenzie Financial Corp acquired a new stake in shares of Lifetime Brands in the 2nd quarter worth about $87,000. Jane Street Group LLC bought a new position in Lifetime Brands in the 3rd quarter worth about $67,000. Rhumbline Advisers increased its stake in shares of Lifetime Brands by 579.0% in the second quarter. Rhumbline Advisers now owns 13,173 shares of the company's stock valued at $113,000 after purchasing an additional 11,233 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Lifetime Brands by 657.8% during the third quarter. BNP Paribas Financial Markets now owns 18,096 shares of the company's stock valued at $118,000 after buying an additional 15,708 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of Lifetime Brands by 38.7% during the third quarter. Barclays PLC now owns 19,016 shares of the company's stock worth $124,000 after buying an additional 5,302 shares during the period. 40.62% of the stock is currently owned by institutional investors and hedge funds.

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.