DA Davidson Has Lowered Expectations for Lifetime Brands (NASDAQ:LCUT) Stock Price

Lifetime Brands (NASDAQ:LCUT - Free Report) had its price objective reduced by DA Davidson from $6.75 to $6.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

Separately, StockNews.com raised shares of Lifetime Brands from a "hold" rating to a "buy" rating in a research note on Tuesday, March 18th.

Lifetime Brands Price Performance

NASDAQ LCUT traded up $0.02 during trading on Thursday, reaching $5.42. 4,576 shares of the company traded hands, compared to its average volume of 65,882. Lifetime Brands has a 1-year low of $4.70 and a 1-year high of $11.68. The company has a market cap of $120.12 million, a price-to-earnings ratio of -5.50, a P/E/G ratio of 0.48 and a beta of 1.35. The stock's 50 day moving average price is $5.43 and its two-hundred day moving average price is $5.87. 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 (NASDAQ:LCUT - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.05. Lifetime Brands had a positive return on equity of 3.13% and a negative net margin of 3.19%. The company had revenue of $215.21 million during the quarter, compared to analysts' expectations of $206.60 million. As a group, analysts anticipate that Lifetime Brands will post 0.55 EPS for the current year.

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Lifetime Brands Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.0425 dividend. The ex-dividend date is Thursday, May 1st. This represents a $0.17 dividend on an annualized basis and a dividend yield of 3.14%. Lifetime Brands's dividend payout ratio is -23.94%.

Institutional Investors Weigh In On Lifetime Brands

A number of hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC lifted its position in shares of Lifetime Brands by 5.3% during the third quarter. Empowered Funds LLC now owns 96,093 shares of the company's stock worth $628,000 after purchasing an additional 4,824 shares in the last quarter. Barclays PLC boosted 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. Hsbc Holdings PLC boosted its position in Lifetime Brands by 84.9% in the 4th quarter. Hsbc Holdings PLC now owns 21,625 shares of the company's stock valued at $128,000 after buying an additional 9,932 shares during the last quarter. SageView Advisory Group LLC increased its stake in shares of Lifetime Brands by 41.8% in the 4th quarter. SageView Advisory Group LLC now owns 34,640 shares of the company's stock valued at $205,000 after buying an additional 10,219 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of Lifetime Brands during the third quarter worth $67,000. 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.