Lifetime Brands, Inc. (NASDAQ:LCUT) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Consensus "Hold": Five analysts cover Lifetime Brands with a consensus rating of Hold (1 sell, 3 hold, 1 buy) and an average 12‑month price target of about $4.83.
• Valuation and trading: Shares opened at $3.07, the stock has a market cap of roughly $69.6 million, a negative P/E of -1.85, and a 52‑week range of $2.89 to $5.78, indicating the company is currently unprofitable.
• Institutional activity: Several firms (including Truffle Hound, RBF Capital and JB Capital) recently built or increased positions, and institutions now own about 40.62% of the stock.

Lifetime Brands, Inc. (NASDAQ:LCUT - Get Free Report) has received a consensus rating of "Hold" from the five research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $4.8333.

Several equities research analysts recently weighed in on the stock. Roth Mkm assumed coverage on shares of Lifetime Brands in a research report on Friday, February 13th. They set a "buy" rating and a $5.00 price target for the company. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $3.50 price objective (down from $4.00) on shares of Lifetime Brands in a research report on Monday, January 26th. Zacks Research upgraded Lifetime Brands from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Lifetime Brands in a report on Thursday, January 22nd.

Lifetime Brands Stock Down 2.8%

Shares of Lifetime Brands stock opened at $3.07 on Tuesday. The company has a 50-day simple moving average of $3.58 and a two-hundred day simple moving average of $3.69. The stock has a market capitalization of $69.57 million, a PE ratio of -1.85, a price-to-earnings-growth ratio of 0.43 and a beta of 1.29. Lifetime Brands has a 52-week low of $2.89 and a 52-week high of $5.78. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.11 and a current ratio of 2.71.

Institutional Investors Weigh In On Lifetime Brands

Several large investors have recently bought and sold shares of LCUT. Truffle Hound Capital LLC bought a new position in Lifetime Brands during the 2nd quarter valued at about $904,000. RBF Capital LLC purchased a new stake in shares of Lifetime Brands during the 2nd quarter valued at about $2,054,000. JB Capital Partners LP grew its stake in shares of Lifetime Brands by 9.0% in the second quarter. JB Capital Partners LP now owns 1,577,852 shares of the company's stock worth $7,968,000 after acquiring an additional 130,231 shares during the period. Martin & Co. Inc. TN grew its stake in shares of Lifetime Brands by 1.3% in the second quarter. Martin & Co. Inc. TN now owns 525,757 shares of the company's stock worth $2,681,000 after acquiring an additional 6,943 shares during the period. Finally, Jane Street Group LLC raised its holdings in shares of Lifetime Brands by 388.4% during the fourth quarter. Jane Street Group LLC now owns 51,795 shares of the company's stock valued at $205,000 after purchasing an additional 41,191 shares during the last quarter. 40.62% of the stock is currently owned by institutional investors.

Lifetime Brands Company Profile

Lifetime Brands, Inc, through its subsidiaries, designs, sources, manufactures and distributes a broad portfolio of consumer products for the home. Headquartered in Garden City, New York, the company operates three primary business segments—Kitchenware, Tabletop & Home Décor and Tools & Storage—providing solutions for food preparation, cooking, serving and storage under both proprietary and licensed brand names.

In the Kitchenware segment, Lifetime Brands offers cookware, bakeware, cutlery and small electric appliances under brands such as Farberware and Chef'sChoice.

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