Lifetime Brands, Inc. (NASDAQ:LCUT - Get Free Report)'s stock price passed 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 Ratings Changes
Several research firms have recently issued reports on LCUT. DA Davidson lowered their target price 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. Canaccord Genuity Group lowered their target price 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. Finally, Wall Street Zen lowered shares of Lifetime Brands from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st.
View Our Latest Stock Report on LCUT
Lifetime Brands Stock Up 4.6%
The company's fifty day moving average price is $3.80 and its 200-day moving average price is $4.66. The stock has a market cap of $117.65 million, a P/E ratio of -8.61, a price-to-earnings-growth ratio of 2.74 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 announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.25) earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $140.09 million for the quarter, compared to the consensus estimate of $144.86 million. Equities analysts forecast that Lifetime Brands, Inc. will post 0.55 EPS for the current year.
Lifetime Brands Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a $0.0425 dividend. The ex-dividend date is Friday, August 1st. This represents a $0.17 annualized dividend and a dividend yield of 3.24%. Lifetime Brands's dividend payout ratio is currently -27.87%.
Institutional Investors Weigh In On Lifetime Brands
Large investors have recently modified their holdings of the business. Nuveen LLC bought a new stake in shares of Lifetime Brands in the 1st quarter valued at about $82,000. Corton Capital Inc. bought a new stake in shares of Lifetime Brands in the 4th quarter valued at about $122,000. 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 last quarter. Bank of America Corp DE raised its stake in shares of 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 acquiring an additional 11,899 shares in the last quarter. Finally, SageView Advisory Group LLC lifted its position in Lifetime Brands by 41.8% during the fourth quarter. SageView Advisory Group LLC now owns 34,640 shares of the company's stock valued at $205,000 after acquiring an additional 10,219 shares during the last quarter. Institutional investors own 40.62% of the company's stock.
Lifetime Brands Company Profile
(
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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