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

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

A number of other research firms have also recently commented on LCUT. Canaccord Genuity Group decreased their price target on Lifetime Brands from $10.00 to $9.00 and set a "buy" rating on the stock in a research note on Friday, October 18th. DA Davidson upped their price target 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 Up 2.5 %

LCUT traded up $0.13 during trading hours on Tuesday, reaching $5.42. The company's stock had a trading volume of 178,972 shares, compared to its average volume of 76,930. Lifetime Brands has a fifty-two week low of $5.11 and a fifty-two week high of $11.68. The stock has a market cap of $119.64 million, a PE ratio of -20.07, a P/E/G ratio of 0.62 and a beta of 1.25. The business's 50-day moving average is $6.54 and its 200-day moving average is $8.21. 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 (NASDAQ:LCUT - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $41.90 million. During the same quarter last year, the company earned ($0.02) earnings per share. As a group, equities research analysts predict that Lifetime Brands will post 0.7 earnings per share for the current fiscal year.

Institutional Trading of Lifetime Brands

Hedge funds have recently modified their holdings of the stock. Mackenzie Financial Corp acquired a new stake in shares of Lifetime Brands in the second quarter valued at $87,000. Rhumbline Advisers increased its holdings in Lifetime Brands by 579.0% in the second quarter. Rhumbline Advisers now owns 13,173 shares of the company's stock valued at $113,000 after buying an additional 11,233 shares during the last quarter. Squarepoint Ops LLC increased its holdings in Lifetime Brands by 28.5% in 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 during the last quarter. Heron Bay Capital Management increased its holdings in Lifetime Brands by 81.1% in the first 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. Finally, Panagora Asset Management Inc. purchased a new position in Lifetime Brands in the second quarter valued at $450,000. 40.62% of the stock is currently owned by institutional investors and hedge funds.

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.