Lifetime Brands (NASDAQ:LCUT) Rating Increased to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Lifetime Brands from hold to buy, while the broader analyst view still sits at a Hold with a $5.00 consensus price target.
• The company’s latest earnings beat expectations, posting EPS of $0.04 versus an expected loss and revenue of $143.51 million, above analysts’ estimates.
• Lifetime Brands shares were down 17.8% and opened at $5.91, even as institutional investors continued to hold a sizable stake of 40.62% in the company.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

A number of other research analysts also recently weighed in on the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of Lifetime Brands in a report on Thursday, January 22nd. Zacks Research downgraded Lifetime Brands from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 15th. Roth Mkm began coverage on Lifetime Brands in a report on Friday, February 13th. They set a "buy" rating and a $5.00 target price on the stock. Finally, Canaccord Genuity Group boosted their target price on shares of Lifetime Brands from $3.50 to $5.00 and gave the company a "hold" rating in a report on Thursday, April 16th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $5.00.

Lifetime Brands Stock Down 17.8%

Shares of Lifetime Brands stock opened at $5.91 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.37 and a current ratio of 2.85. Lifetime Brands has a 52-week low of $2.90 and a 52-week high of $8.20. The stock has a market capitalization of $135.04 million, a price-to-earnings ratio of -4.65, a P/E/G ratio of 0.90 and a beta of 0.92. The company's 50 day moving average price is $5.44 and its 200-day moving average price is $4.29.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.22. The firm had revenue of $143.51 million for the quarter, compared to analysts' expectations of $137.58 million. Lifetime Brands had a negative net margin of 4.22% and a positive return on equity of 8.08%. Equities research analysts forecast that Lifetime Brands will post 0.57 EPS for the current year.

Institutional Investors Weigh In On Lifetime Brands

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royce & Associates LP purchased a new stake in shares of Lifetime Brands during the 3rd quarter valued at about $41,000. Qube Research & Technologies Ltd bought a new position in shares of Lifetime Brands during the 2nd quarter valued at approximately $88,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Lifetime Brands during the 3rd quarter valued at approximately $118,000. Jane Street Group LLC boosted its stake in Lifetime Brands by 388.4% in the 4th quarter. Jane Street Group LLC now owns 51,795 shares of the company's stock worth $205,000 after purchasing an additional 41,191 shares during the period. Finally, Teton Advisors LLC bought a new position in Lifetime Brands in the 3rd quarter worth approximately $381,000. Hedge funds and other institutional investors own 40.62% of the company's stock.

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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