Lifetime Brands (NASDAQ:LCUT) Downgraded by DA Davidson to "Neutral"

DA Davidson cut shares of Lifetime Brands (NASDAQ:LCUT - Free Report) from a buy rating to a neutral rating in a research note released on Monday morning, Marketbeat.com reports. DA Davidson currently has $6.75 price objective on the stock, down from their prior price objective of $11.50.

LCUT has been the subject of several other reports. StockNews.com raised shares of Lifetime Brands from a "hold" rating to a "buy" rating in a report on Wednesday, January 22nd. Canaccord Genuity Group reduced their price objective on shares of Lifetime Brands from $10.00 to $9.00 and set a "buy" rating for the company in a research note on Friday, October 18th.

Lifetime Brands Stock Performance

Shares of LCUT stock traded down $0.08 during mid-day trading on Monday, reaching $5.30. 49,913 shares of the company's stock traded hands, compared to its average volume of 47,576. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.97 and a current ratio of 2.36. The firm has a market capitalization of $117.45 million, a PE ratio of -5.35, a price-to-earnings-growth ratio of 0.63 and a beta of 1.28. Lifetime Brands has a 12 month low of $5.25 and a 12 month high of $11.68. The firm has a 50 day moving average price of $5.99 and a two-hundred day moving average price of $6.43.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last released its quarterly 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 negative net margin of 3.19% and a positive return on equity of 3.13%. The company had revenue of $183.84 million for the quarter, compared to the consensus estimate of $193.90 million. During the same period in the prior year, the firm posted $0.36 EPS. On average, research analysts forecast that Lifetime Brands will post 0.55 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LCUT. Jane Street Group LLC purchased a new position in shares of Lifetime Brands in the third quarter worth $67,000. Mackenzie Financial Corp bought a new stake in Lifetime Brands in the 2nd quarter valued at $87,000. BNP Paribas Financial Markets lifted its stake in Lifetime Brands by 657.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 18,096 shares of the company's stock worth $118,000 after purchasing an additional 15,708 shares in the last quarter. Barclays PLC boosted its holdings in shares of Lifetime Brands by 38.7% during the 3rd quarter. Barclays PLC now owns 19,016 shares of the company's stock valued at $124,000 after purchasing an additional 5,302 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of Lifetime Brands during the third quarter valued at about $128,000. 40.62% of the stock is owned by hedge funds and other institutional investors.

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.