Lifetime Brands (NASDAQ:LCUT) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Lifetime Brands, Inc. (NASDAQ:LCUT - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.62 and traded as high as $4.69. Lifetime Brands shares last traded at $4.45, with a volume of 55,201 shares trading hands.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Wall Street Zen downgraded Lifetime Brands from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Canaccord Genuity Group decreased their price target on Lifetime Brands from $6.00 to $5.00 and set a "buy" rating for the company in a report on Monday, May 12th.

Lifetime Brands Price Performance

The stock has a 50-day moving average price of $3.99 and a 200 day moving average price of $4.59. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.74 and a quick ratio of 1.05. The firm has a market cap of $100.17 million, a price-to-earnings ratio of -7.33, a PEG ratio of 2.28 and a beta of 1.63.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last posted its 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 positive return on equity of 4.70% and a negative net margin of 1.93%. The firm had revenue of $140.09 million for the quarter, compared to analyst estimates of $144.86 million. As a group, equities research analysts forecast that Lifetime Brands, Inc. will post 0.55 earnings per share for the current fiscal year.

Lifetime Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend is Friday, August 1st. Lifetime Brands's dividend payout ratio (DPR) is currently -27.87%.

Institutional Trading of Lifetime Brands

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE increased its position in shares of Lifetime Brands by 66.1% during the fourth quarter. Bank of America Corp DE now owns 29,908 shares of the company's stock worth $177,000 after purchasing an additional 11,899 shares in the last quarter. Northern Trust Corp increased its position in Lifetime Brands by 22.5% in the 4th quarter. Northern Trust Corp now owns 133,160 shares of the company's stock valued at $787,000 after acquiring an additional 24,445 shares during the period. JPMorgan Chase & Co. increased its position in Lifetime Brands by 744.1% in the 4th quarter. JPMorgan Chase & Co. now owns 45,589 shares of the company's stock valued at $269,000 after acquiring an additional 40,188 shares during the period. Barclays PLC increased its position in Lifetime Brands by 93.8% in the 4th quarter. Barclays PLC now owns 36,851 shares of the company's stock valued at $218,000 after acquiring an additional 17,835 shares during the period. Finally, Pacific Ridge Capital Partners LLC increased its position in Lifetime Brands by 3.3% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 554,805 shares of the company's stock valued at $3,279,000 after acquiring an additional 17,698 shares during the period. Institutional investors and hedge funds 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.