Lifetime Brands (NASDAQ:LCUT) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Lifetime Brands (NASDAQ:LCUT - Free Report) from a hold rating to a buy rating in a research note issued to investors on Tuesday.

Separately, DA Davidson cut Lifetime Brands from a "buy" rating to a "neutral" rating and cut their price target for the company from $11.50 to $6.75 in a report on Monday, February 3rd.

Lifetime Brands Price Performance

Shares of NASDAQ:LCUT traded down $0.21 during trading on Tuesday, hitting $5.40. 92,944 shares of the company's stock were exchanged, compared to its average volume of 66,128. The company has a market cap of $119.68 million, a price-to-earnings ratio of -5.45, a PEG ratio of 0.48 and a beta of 1.35. The business's 50-day simple moving average is $5.43 and its 200 day simple moving average is $5.87. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.36 and a quick ratio of 0.97. Lifetime Brands has a 52-week low of $4.70 and a 52-week high of $11.68.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.05. The business had revenue of $215.21 million during the quarter, compared to analysts' expectations of $206.60 million. Lifetime Brands had a positive return on equity of 3.13% and a negative net margin of 3.19%. As a group, equities analysts predict that Lifetime Brands will post 0.55 EPS for the current year.

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Lifetime Brands Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Thursday, May 1st. Lifetime Brands's dividend payout ratio (DPR) is -23.94%.

Hedge Funds Weigh In On Lifetime Brands

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Lifetime Brands by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,260,722 shares of the company's stock worth $7,450,000 after purchasing an additional 21,139 shares during the period. JB Capital Partners LP boosted its holdings in shares of Lifetime Brands by 32.7% in the 4th quarter. JB Capital Partners LP now owns 1,248,121 shares of the company's stock worth $7,376,000 after purchasing an additional 307,307 shares during the period. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Lifetime Brands by 3.3% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 554,805 shares of the company's stock worth $3,279,000 after purchasing an additional 17,698 shares during the period. Martin & Co. Inc. TN boosted its holdings in shares of Lifetime Brands by 41.2% in the 4th quarter. Martin & Co. Inc. TN now owns 331,939 shares of the company's stock worth $1,962,000 after purchasing an additional 96,816 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Lifetime Brands by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 294,291 shares of the company's stock worth $1,925,000 after acquiring an additional 11,118 shares during the last quarter. Hedge funds and other institutional investors own 40.62% of the company's stock.

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.