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

Lifetime Brands, Inc. (NASDAQ:LCUT - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.65 and traded as high as $5.41. Lifetime Brands shares last traded at $5.37, with a volume of 59,444 shares traded.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Canaccord Genuity Group cut 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 cut shares of Lifetime Brands from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, DA Davidson cut their price target on shares of Lifetime Brands from $6.75 to $6.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th.

Lifetime Brands Trading Down 3.6%

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 stock has a market capitalization of $109.36 million, a PE ratio of -8.00, a PEG ratio of 2.49 and a beta of 1.63. The stock's 50 day simple moving average is $3.85 and its two-hundred day simple moving average is $4.64.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last posted 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). Lifetime Brands had a negative net margin of 1.93% and a positive return on equity of 4.70%. The business had revenue of $140.09 million during the quarter, compared to the consensus estimate of $144.86 million. On average, sell-side analysts expect that Lifetime Brands, Inc. will post 0.55 EPS for the current year.

Lifetime Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Friday, August 1st. Lifetime Brands's dividend payout ratio (DPR) is presently -27.87%.

Institutional Trading of Lifetime Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of LCUT. Nuveen LLC purchased a new position in Lifetime Brands in the first quarter worth $82,000. Corton Capital Inc. purchased a new position in Lifetime Brands in the fourth quarter worth $122,000. Hsbc Holdings PLC grew its position in Lifetime Brands by 84.9% in the fourth quarter. Hsbc Holdings PLC now owns 21,625 shares of the company's stock worth $128,000 after acquiring an additional 9,932 shares in the last quarter. Bank of America Corp DE grew its position in Lifetime Brands by 66.1% in the fourth quarter. Bank of America Corp DE now owns 29,908 shares of the company's stock worth $177,000 after acquiring an additional 11,899 shares in the last quarter. Finally, SageView Advisory Group LLC grew its position in Lifetime Brands by 41.8% in the fourth quarter. SageView Advisory Group LLC now owns 34,640 shares of the company's stock worth $205,000 after acquiring an additional 10,219 shares in the last quarter. Institutional investors 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.