Lifetime Brands (NASDAQ:LCUT) Rating Lowered to "Hold" at Wall Street Zen

Lifetime Brands (NASDAQ:LCUT - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Wednesday.

LCUT has been the subject of several other research reports. Canaccord Genuity Group decreased their target price on Lifetime Brands from $6.00 to $5.00 and set a "buy" rating for the company in a research note on Monday, May 12th. DA Davidson cut their price objective on shares of Lifetime Brands from $6.75 to $6.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th.

Lifetime Brands Trading Up 0.3%

Lifetime Brands stock traded up $0.01 during trading hours on Wednesday, hitting $3.22. The stock had a trading volume of 53,027 shares, compared to its average volume of 69,574. The business's 50 day simple moving average is $4.00 and its 200-day simple moving average is $5.09. Lifetime Brands has a one year low of $2.89 and a one year high of $11.53. The stock has a market cap of $72.17 million, a price-to-earnings ratio of -3.25, a P/E/G ratio of 0.48 and a beta of 1.55. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.88.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.25) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.11). Lifetime Brands had a negative net margin of 3.19% and a positive return on equity of 3.13%. The company had revenue of $140.09 million during the quarter, compared to the consensus estimate of $144.86 million. On average, equities analysts predict that Lifetime Brands will post 0.55 EPS for the current fiscal year.

Institutional Trading of Lifetime Brands

Institutional investors have recently made changes to their positions in the company. Nuveen LLC purchased a new position in shares of Lifetime Brands in the 1st quarter worth approximately $82,000. Corton Capital Inc. bought a new stake in Lifetime Brands during the fourth quarter worth $122,000. Barclays PLC boosted its position in Lifetime Brands by 38.7% in the third quarter. Barclays PLC now owns 19,016 shares of the company's stock worth $124,000 after purchasing an additional 5,302 shares during the last quarter. Hsbc Holdings PLC boosted its position in Lifetime Brands by 84.9% in the fourth quarter. Hsbc Holdings PLC now owns 21,625 shares of the company's stock worth $128,000 after purchasing an additional 9,932 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Lifetime Brands by 66.1% in the 4th quarter. Bank of America Corp DE now owns 29,908 shares of the company's stock valued at $177,000 after purchasing an additional 11,899 shares during the period. Institutional investors own 40.62% of the company's stock.

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.