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

Lifetime Brands, Inc. (NASDAQ:LCUT - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 Ratings Changes

LCUT has been the topic of several analyst reports. Canaccord Genuity Group reduced their target price on 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 Lifetime Brands from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, DA Davidson dropped their price objective on Lifetime Brands from $6.75 to $6.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th.

Lifetime Brands Trading Up 0.8%

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 $113.39 million, a P/E ratio of -8.29, a P/E/G ratio of 2.56 and a beta of 1.63. The firm has a 50-day moving average of $3.80 and a two-hundred day moving average of $4.66.

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

Lifetime Brands Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 3.36%. Lifetime Brands's dividend payout ratio is currently -27.87%.

Hedge Funds Weigh In On Lifetime Brands

Several large investors have recently bought and sold shares of the company. SageView Advisory Group LLC raised its position in Lifetime Brands by 60.4% in the first quarter. SageView Advisory Group LLC now owns 55,546 shares of the company's stock valued at $274,000 after purchasing an additional 20,906 shares during the last quarter. Empowered Funds LLC raised its position in Lifetime Brands by 7.3% in the first quarter. Empowered Funds LLC now owns 108,458 shares of the company's stock valued at $535,000 after purchasing an additional 7,385 shares during the last quarter. JB Capital Partners LP raised its position in Lifetime Brands by 16.0% in the first quarter. JB Capital Partners LP now owns 1,447,621 shares of the company's stock valued at $7,050,000 after purchasing an additional 199,500 shares during the last quarter. Nuveen LLC bought a new position in Lifetime Brands in the first quarter valued at about $82,000. Finally, Bank of New York Mellon Corp raised its position 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 valued at $694,000 after purchasing an additional 102,691 shares during the last quarter. 40.62% of the stock is currently owned by institutional investors.

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.