Lifetime Brands (NASDAQ:LCUT) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Lifetime Brands (LCUT) to a "hold" rating; overall analyst consensus is a Hold with an average price target of $5.00 (1 Buy, 2 Hold, 1 Sell).
• The company reported an earnings beat on March 12, with $1.05 EPS vs. $0.18 expected and $204.1M revenue, while the stock trades around $6.84 with a market cap of ~$155M and a negative P/E of -5.52.
• Institutional investors own about 40.6% of the shares, with several funds recently adding or increasing stakes in the company.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) was upgraded by equities researchers at Wall Street Zen to a "hold" rating in a research note issued on Saturday.

LCUT has been the subject of several other reports. Zacks Research lowered Lifetime Brands from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 15th. Roth Mkm initiated coverage on Lifetime Brands in a research note on Friday, February 13th. They issued a "buy" rating and a $5.00 target price for the company. Canaccord Genuity Group upped their target price on Lifetime Brands from $3.50 to $5.00 and gave the company a "hold" rating in a research note on Thursday, April 16th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Lifetime Brands in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $5.00.

Lifetime Brands Trading Up 3.5%

Lifetime Brands stock opened at $6.84 on Friday. The stock has a market cap of $154.93 million, a PE ratio of -5.52, a P/E/G ratio of 0.77 and a beta of 0.83. The stock has a 50-day moving average price of $4.98 and a 200 day moving average price of $4.13. Lifetime Brands has a 52 week low of $2.89 and a 52 week high of $8.20. The company has a current ratio of 2.85, a quick ratio of 1.37 and a debt-to-equity ratio of 0.89.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last released its earnings results on Thursday, March 12th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.18 by $0.87. The firm had revenue of $204.07 million during the quarter, compared to analyst estimates of $202.09 million. Lifetime Brands had a positive return on equity of 4.66% and a negative net margin of 4.16%. Equities research analysts predict that Lifetime Brands will post 0.61 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lifetime Brands

Several institutional investors and hedge funds have recently added to or reduced their stakes in LCUT. Royce & Associates LP acquired a new stake in Lifetime Brands during the third quarter worth about $41,000. Qube Research & Technologies Ltd acquired a new stake in Lifetime Brands during the second quarter worth about $88,000. Arrowstreet Capital Limited Partnership acquired a new stake in Lifetime Brands during the third quarter worth about $118,000. Jane Street Group LLC increased its stake in Lifetime Brands by 388.4% during the fourth quarter. Jane Street Group LLC now owns 51,795 shares of the company's stock worth $205,000 after acquiring an additional 41,191 shares during the last quarter. Finally, Teton Advisors LLC acquired a new stake in Lifetime Brands during the third quarter worth about $381,000. 40.62% of the stock is currently owned by institutional investors and hedge funds.

About Lifetime Brands

Lifetime Brands, Inc, through its subsidiaries, designs, sources, manufactures and distributes a broad portfolio of consumer products for the home. Headquartered in Garden City, New York, the company operates three primary business segments—Kitchenware, Tabletop & Home Décor and Tools & Storage—providing solutions for food preparation, cooking, serving and storage under both proprietary and licensed brand names.

In the Kitchenware segment, Lifetime Brands offers cookware, bakeware, cutlery and small electric appliances under brands such as Farberware and Chef'sChoice.

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