Lifetime Brands (NASDAQ:LCUT) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Lifetime Brands, Inc. stock has recently surpassed its 200-day moving average, trading at $4.72, with a high of $4.95 during the day.
• Recent analyst reports saw Wall Street Zen downgrade Lifetime Brands from a "buy" to a "hold" rating, while Canaccord Genuity Group lowered their price target from $6.00 to $5.00.
• The company reported a loss of $0.25 EPS for its latest quarter, missing consensus estimates, with total revenue of $140.09 million compared to estimates of $144.86 million.

Lifetime Brands, Inc. (NASDAQ:LCUT - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.57 and traded as high as $4.95. Lifetime Brands shares last traded at $4.72, with a volume of 44,733 shares.

Analyst Upgrades and Downgrades

LCUT has been the subject of several research analyst reports. Wall Street Zen cut shares of Lifetime Brands from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Canaccord Genuity Group lowered their price objective on Lifetime Brands from $6.00 to $5.00 and set a "buy" rating on the stock in a research note on Monday, May 12th.

Lifetime Brands Price Performance

The firm has a market cap of $108.24 million, a P/E ratio of -7.92, a PEG ratio of 2.47 and a beta of 1.63. The business has a fifty day moving average of $4.12 and a 200 day moving average of $4.55. The company has a quick ratio of 1.05, a current ratio of 2.74 and a debt-to-equity ratio of 0.75.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last announced its quarterly 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). The company had revenue of $140.09 million for the quarter, compared to analyst estimates of $144.86 million. Lifetime Brands had a positive return on equity of 4.70% and a negative net margin of 1.93%. On average, sell-side analysts anticipate that Lifetime Brands, Inc. will post 0.55 earnings per share for the current year.

Lifetime Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be paid a $0.0425 dividend. The ex-dividend date is Friday, August 1st. This represents a $0.17 annualized dividend and a yield of 3.52%. Lifetime Brands's payout ratio is -27.87%.

Institutional Trading of Lifetime Brands

A number of hedge funds have recently made changes to their positions in LCUT. JB Capital Partners LP lifted its stake in Lifetime Brands by 32.7% in the fourth quarter. JB Capital Partners LP now owns 1,248,121 shares of the company's stock worth $7,376,000 after purchasing an additional 307,307 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Lifetime Brands by 270.1% in the first quarter. Bank of New York Mellon Corp now owns 140,710 shares of the company's stock worth $694,000 after purchasing an additional 102,691 shares during the period. JPMorgan Chase & Co. grew its holdings in Lifetime Brands by 744.1% in the fourth quarter. JPMorgan Chase & Co. now owns 45,589 shares of the company's stock worth $269,000 after purchasing an additional 40,188 shares during the period. Northern Trust Corp lifted its stake in shares of Lifetime Brands by 22.5% in the fourth quarter. Northern Trust Corp now owns 133,160 shares of the company's stock worth $787,000 after buying an additional 24,445 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Lifetime Brands by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,260,722 shares of the company's stock worth $7,450,000 after buying an additional 21,139 shares in the last quarter. 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.