Lifetime Brands (NASDAQ:LCUT) Downgraded to Hold Rating by StockNews.com

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

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

Lifetime Brands Stock Performance

Shares of Lifetime Brands stock opened at $3.23 on Wednesday. Lifetime Brands has a 52 week low of $2.89 and a 52 week high of $11.58. The business's fifty day simple moving average is $4.11 and its 200-day simple moving average is $5.16. The firm has a market cap of $72.40 million, a PE ratio of -3.26, a price-to-earnings-growth 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 posted its earnings results on Thursday, May 8th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.11). Lifetime Brands had a positive return on equity of 3.13% and a negative net margin of 3.19%. The firm had revenue of $140.09 million for the quarter, compared to analyst estimates of $144.86 million. Equities analysts forecast that Lifetime Brands will post 0.55 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Nuveen LLC purchased a new position in Lifetime Brands during the 1st quarter worth approximately $82,000. Corton Capital Inc. purchased a new position in Lifetime Brands during the 4th quarter worth approximately $122,000. Barclays PLC grew its stake in Lifetime Brands by 38.7% during the 3rd quarter. Barclays PLC now owns 19,016 shares of the company's stock worth $124,000 after buying an additional 5,302 shares during the last quarter. Hsbc Holdings PLC grew its stake in Lifetime Brands by 84.9% during the 4th quarter. Hsbc Holdings PLC now owns 21,625 shares of the company's stock worth $128,000 after buying an additional 9,932 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Lifetime Brands by 66.1% during the 4th quarter. Bank of America Corp DE now owns 29,908 shares of the company's stock worth $177,000 after buying an additional 11,899 shares during the last quarter. Hedge funds and other institutional investors own 40.62% of the company's stock.

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.

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