Lifetime Brands (NASDAQ:LCUT) Receives Sell (D-) Rating from Weiss Ratings

Key Points

• Lifetime Brands' stock has received a sell (D-) rating from Weiss Ratings, indicating negative sentiment among analysts.
• The company's most recent earnings report showed a disappointing EPS of ($0.50), significantly missing expectations of ($0.17).
• Despite recent downgrades, one analyst maintained a buy rating, while the average price target for the stock is $5.50.

Lifetime Brands (NASDAQ:LCUT - Get Free Report)'s stock had its "sell (d-)" rating reissued by equities researchers at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

LCUT has been the subject of a number of other research reports. Wall Street Zen cut shares of Lifetime Brands from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Canaccord Genuity Group cut their price target on shares of Lifetime Brands from $6.00 to $5.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Finally, Zacks Research upgraded shares of Lifetime Brands to a "strong sell" rating in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, Lifetime Brands has an average rating of "Reduce" and an average price target of $5.50.

Lifetime Brands Stock Performance

Shares of LCUT opened at $3.82 on Wednesday. Lifetime Brands has a 12 month low of $2.89 and a 12 month high of $7.05. The firm has a fifty day simple moving average of $3.95 and a 200 day simple moving average of $4.03. The stock has a market capitalization of $85.62 million, a price-to-earnings ratio of -2.40 and a beta of 1.49. The company has a current ratio of 2.65, a quick ratio of 0.94 and a debt-to-equity ratio of 0.89.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.50) EPS for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.33). The firm had revenue of $131.86 million during the quarter, compared to analyst estimates of $138.25 million. Lifetime Brands had a negative net margin of 5.16% and a positive return on equity of 0.12%. Research analysts forecast that Lifetime Brands will post 0.55 EPS for the current fiscal year.

Hedge Funds Weigh In On Lifetime Brands

Several large investors have recently modified their holdings of the stock. Martin & Co. Inc. TN raised its position 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 valued at $2,681,000 after purchasing an additional 6,943 shares during the period. Empowered Funds LLC raised its position in shares of Lifetime Brands by 7.3% in the first quarter. Empowered Funds LLC now owns 108,458 shares of the company's stock valued at $535,000 after purchasing an additional 7,385 shares during the period. Bank of America Corp DE raised its position in shares of Lifetime Brands by 66.1% in the fourth 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. Nuveen LLC bought a new position in shares of Lifetime Brands in the first quarter valued at about $82,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of Lifetime Brands in the second quarter valued at about $88,000. 40.62% of the stock is owned by institutional investors.

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.

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