Lifetime Brands (NASDAQ:LCUT) Price Target Lowered to $9.00 at Canaccord Genuity Group

Lifetime Brands (NASDAQ:LCUT - Get Free Report) had its price objective reduced by stock analysts at Canaccord Genuity Group from $10.00 to $9.00 in a report released on Friday, Marketbeat reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price objective points to a potential upside of 42.86% from the company's previous close.

Other equities analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Lifetime Brands from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, August 6th. DA Davidson boosted their target price on Lifetime Brands from $13.50 to $14.00 and gave the stock a "buy" rating in a research note on Monday, August 12th.

Lifetime Brands Trading Down 2.6 %

Shares of NASDAQ LCUT traded down $0.17 during trading on Friday, reaching $6.30. The stock had a trading volume of 72,807 shares, compared to its average volume of 76,975. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.92 and a current ratio of 2.35. The company has a market cap of $139.06 million, a P/E ratio of -23.33, a PEG ratio of 0.63 and a beta of 1.25. Lifetime Brands has a fifty-two week low of $4.96 and a fifty-two week high of $11.68. The business's 50-day moving average price is $6.72 and its 200-day moving average price is $8.47.

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

Institutional Investors Weigh In On Lifetime Brands

Several institutional investors have recently modified their holdings of LCUT. Chemistry Wealth Management LLC acquired a new stake in shares of Lifetime Brands during the 1st quarter worth about $235,000. Essex Investment Management Co. LLC raised its holdings in Lifetime Brands by 1.6% during the first quarter. Essex Investment Management Co. LLC now owns 203,575 shares of the company's stock worth $2,133,000 after purchasing an additional 3,129 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Lifetime Brands during the 1st quarter worth approximately $726,000. Acadian Asset Management LLC boosted its holdings in shares of Lifetime Brands by 13.2% in the 1st quarter. Acadian Asset Management LLC now owns 264,815 shares of the company's stock valued at $2,773,000 after buying an additional 30,845 shares in the last quarter. Finally, Heron Bay Capital Management grew its position in shares of 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 during the last quarter. 40.62% of the stock is owned by hedge funds and other institutional investors.

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.