Lifetime Brands (NASDAQ:LCUT) Stock Crosses Above 200-Day Moving Average - Here's What Happened

Lifetime Brands, Inc. (NASDAQ:LCUT - Get Free Report) crossed 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 traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on LCUT shares. Canaccord Genuity Group decreased their price target on shares of Lifetime Brands from $6.00 to $5.00 and set a "buy" rating on the stock in a report on Monday, May 12th. Wall Street Zen lowered shares of Lifetime Brands from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st.

Lifetime Brands Stock Down 4.5%

The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.05 and a current ratio of 2.74. The stock has a market capitalization of $100.17 million, a P/E ratio of -7.33, a price-to-earnings-growth ratio of 2.39 and a beta of 1.63. The stock's fifty day simple moving average is $3.99 and its two-hundred day simple moving average is $4.60.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.25) earnings per share 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 business had revenue of $140.09 million for the quarter, compared to the consensus estimate of $144.86 million. As a group, research analysts expect that Lifetime Brands, Inc. will post 0.55 EPS for the current fiscal year.

Lifetime Brands Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of LCUT. JB Capital Partners LP increased its stake in Lifetime Brands by 32.7% during the 4th quarter. JB Capital Partners LP now owns 1,248,121 shares of the company's stock valued at $7,376,000 after purchasing an additional 307,307 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Lifetime Brands by 270.1% during the 1st quarter. Bank of New York Mellon Corp now owns 140,710 shares of the company's stock valued at $694,000 after purchasing an additional 102,691 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Lifetime Brands by 744.1% during the 4th quarter. JPMorgan Chase & Co. now owns 45,589 shares of the company's stock valued at $269,000 after purchasing an additional 40,188 shares in the last quarter. Northern Trust Corp increased its stake in Lifetime Brands by 22.5% during the 4th quarter. Northern Trust Corp now owns 133,160 shares of the company's stock valued at $787,000 after purchasing an additional 24,445 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Lifetime Brands by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,260,722 shares of the company's stock valued at $7,450,000 after purchasing an additional 21,139 shares in the last quarter. 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.