Lifetime Brands, Inc. (NASDAQ:LCUT - Get Free Report)'s share price 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
Several research analysts have issued reports on the stock. 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 downgraded shares of Lifetime Brands from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, Canaccord Genuity Group reduced their price objective on shares of Lifetime Brands from $6.00 to $5.00 and set a "buy" rating for the company in a research report on Monday, May 12th.
Read Our Latest Stock Analysis on Lifetime Brands
Lifetime Brands Trading Down 6.5%
The firm's 50-day moving average is $3.77 and its 200-day moving average is $4.65. 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 cap of $112.50 million, a price-to-earnings ratio of -8.23, a P/E/G ratio of 2.64 and a beta of 1.63.
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). The business had revenue of $140.09 million during the quarter, compared to analyst estimates of $144.86 million. Lifetime Brands had a negative net margin of 1.93% and a positive return on equity of 4.70%. As a group, sell-side analysts anticipate that Lifetime Brands, Inc. will post 0.55 EPS for the current fiscal year.
Lifetime Brands Announces Dividend
The company also recently disclosed 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. This represents a $0.17 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend is Friday, August 1st. Lifetime Brands's dividend payout ratio is -27.87%.
Hedge Funds Weigh In On Lifetime Brands
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. SageView Advisory Group LLC boosted its holdings in shares of Lifetime Brands by 60.4% in the 1st quarter. SageView Advisory Group LLC now owns 55,546 shares of the company's stock worth $274,000 after buying an additional 20,906 shares during the last quarter. Empowered Funds LLC boosted its holdings 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 last quarter. JB Capital Partners LP boosted its holdings in shares of Lifetime Brands by 16.0% in the 1st quarter. JB Capital Partners LP now owns 1,447,621 shares of the company's stock worth $7,050,000 after buying an additional 199,500 shares during the last quarter. Nuveen LLC purchased a new position in shares of Lifetime Brands in the 1st quarter worth about $82,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Lifetime Brands by 270.1% in the 1st quarter. Bank of New York Mellon Corp now owns 140,710 shares of the company's stock worth $694,000 after buying an additional 102,691 shares during the last quarter. 40.62% of the stock is owned by hedge funds and other institutional investors.
About Lifetime Brands
(
Get Free Report)
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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