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

Lifetime Brands (NASDAQ:LCUT - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a report released on Saturday.

LCUT has been the topic of several other reports. Canaccord Genuity Group decreased their price objective 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. DA Davidson increased their price objective on shares of Lifetime Brands from $13.50 to $14.00 and gave the company a "buy" rating in a research report on Monday, August 12th.

Lifetime Brands Stock Down 5.5 %

NASDAQ LCUT traded down $0.35 on Friday, hitting $6.02. The stock had a trading volume of 82,910 shares, compared to its average volume of 65,661. The business's fifty day moving average price is $6.31 and its 200 day moving average price is $7.99. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.35 and a quick ratio of 0.92. Lifetime Brands has a 52-week low of $5.25 and a 52-week high of $11.68. The stock has a market cap of $133.40 million, a price-to-earnings ratio of -7.43, a price-to-earnings-growth ratio of 0.67 and a beta of 1.26.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Lifetime Brands had a positive return on equity of 4.51% and a negative net margin of 2.58%. The firm had revenue of $141.67 million during the quarter, compared to analysts' expectations of $41.90 million. During the same period in the prior year, the firm posted ($0.02) earnings per share. Equities research analysts anticipate that Lifetime Brands will post 0.7 earnings per share for the current year.

Institutional Investors Weigh In On Lifetime Brands

A number of institutional investors have recently bought and sold shares of LCUT. Squarepoint Ops LLC lifted its position in Lifetime Brands by 28.5% during the second quarter. Squarepoint Ops LLC now owns 20,621 shares of the company's stock valued at $177,000 after buying an additional 4,575 shares in the last quarter. Empowered Funds LLC grew 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 acquiring an additional 4,824 shares during the last quarter. Heron Bay Capital Management grew its position in Lifetime Brands by 81.1% in the 1st quarter. Heron Bay Capital Management now owns 18,690 shares of the company's stock valued at $196,000 after buying an additional 8,369 shares in the last quarter. Mackenzie Financial Corp bought a new position in Lifetime Brands in the 2nd quarter valued at about $87,000. Finally, Rhumbline Advisers grew its position in Lifetime Brands by 579.0% in the 2nd quarter. Rhumbline Advisers now owns 13,173 shares of the company's stock valued at $113,000 after buying an additional 11,233 shares in the last quarter. 40.62% of the stock is currently 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.