Lifetime Brands (NASDAQ:LCUT) Shares Cross Above 200 Day Moving Average - Time to Sell?

Lifetime Brands, Inc. (NASDAQ:LCUT - Get Free Report)'s stock 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.

Analyst Upgrades and Downgrades

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

Lifetime Brands Stock Performance

The firm has a 50 day moving average of $3.83 and a two-hundred day moving average of $4.65. The stock has a market cap of $109.38 million, a P/E ratio of -8.00, a P/E/G ratio of 2.56 and a beta of 1.63. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.05 and a current ratio of 2.74.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $144.86 million. On average, research analysts predict 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. Shareholders of record on Friday, August 1st will be issued 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 yield of 3.48%. Lifetime Brands's dividend payout ratio (DPR) is currently -27.87%.

Institutional Trading of Lifetime Brands

Hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE raised its holdings in Lifetime Brands by 66.1% during 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. Northern Trust Corp boosted its position in Lifetime Brands by 22.5% during the fourth quarter. Northern Trust Corp now owns 133,160 shares of the company's stock worth $787,000 after purchasing an additional 24,445 shares during the period. JPMorgan Chase & Co. boosted its position in Lifetime Brands by 744.1% during 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. Barclays PLC boosted its position in Lifetime Brands by 93.8% during the fourth quarter. Barclays PLC now owns 36,851 shares of the company's stock worth $218,000 after purchasing an additional 17,835 shares during the period. Finally, Pacific Ridge Capital Partners LLC boosted its position in Lifetime Brands by 3.3% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 554,805 shares of the company's stock worth $3,279,000 after purchasing an additional 17,698 shares during the period. 40.62% of the stock is currently owned by institutional investors and hedge funds.

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.