Lifetime Brands (NASDAQ:LCUT) Shares Cross Above 200 Day Moving Average - Here's Why

Lifetime Brands, Inc. (NASDAQ:LCUT - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.68 and traded as high as $5.42. Lifetime Brands shares last traded at $5.10, with a volume of 332,008 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on LCUT shares. DA Davidson lowered their price target on shares of Lifetime Brands from $6.75 to $6.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Wall Street Zen lowered shares of Lifetime Brands from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Canaccord Genuity Group decreased their price objective on shares of 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 Stock Up 17.2%

The company has a current ratio of 2.74, a quick ratio of 1.05 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $114.29 million, a P/E ratio of -8.36, a price-to-earnings-growth ratio of 2.22 and a beta of 1.51. The company's fifty day simple moving average is $3.58 and its 200 day simple moving average is $4.67.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate 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 company had revenue of $140.09 million during the quarter, compared to the consensus estimate of $144.86 million. Research analysts expect that Lifetime Brands, Inc. will post 0.55 EPS for the current year.

Lifetime Brands Dividend Announcement

The firm 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 $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date is Friday, August 1st. Lifetime Brands's dividend payout ratio is presently -27.87%.

Institutional Trading of Lifetime Brands

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Empowered Funds LLC grew its position in shares of Lifetime Brands by 7.3% in the 1st quarter. Empowered Funds LLC now owns 108,458 shares of the company's stock worth $535,000 after buying an additional 7,385 shares during the period. Hsbc Holdings PLC grew its position in shares of Lifetime Brands by 84.9% in the 4th quarter. Hsbc Holdings PLC now owns 21,625 shares of the company's stock worth $128,000 after buying an additional 9,932 shares during the period. SageView Advisory Group LLC grew its position in shares of Lifetime Brands by 41.8% in the 4th quarter. SageView Advisory Group LLC now owns 34,640 shares of the company's stock worth $205,000 after buying an additional 10,219 shares during the period. Bank of America Corp DE grew its position in shares of Lifetime Brands by 66.1% in the 4th quarter. Bank of America Corp DE now owns 29,908 shares of the company's stock worth $177,000 after buying an additional 11,899 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Lifetime Brands in the 1st quarter worth about $82,000. 40.62% of the stock is owned by hedge funds and other 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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