Lifetime Brands (NASDAQ:LCUT) Upgraded at Zacks Research

Key Points

• Lifetime Brands has been upgraded from a "strong sell" to a "hold" rating by Zacks Research, reflecting a shift in analyst sentiment.
• The company's reported EPS of ($0.50) for the last quarter missed estimates, while its stock has a current market capitalization of $85.62 million.
• Overall, analysts have issued a mixed rating on Lifetime Brands, with one "buy", two "hold", and one "sell" ratings, leading to an average target price of $5.50.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) was upgraded by research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a report released on Tuesday,Zacks.com reports.

A number of other equities analysts have also weighed in on LCUT. Canaccord Genuity Group decreased their price target on Lifetime Brands from $6.00 to $5.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Wall Street Zen cut shares of Lifetime Brands from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Lifetime Brands in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $5.50.

Lifetime Brands Price Performance

Shares of NASDAQ LCUT opened at $3.82 on Tuesday. Lifetime Brands has a twelve month low of $2.89 and a twelve month high of $7.05. The company has a current ratio of 2.65, a quick ratio of 0.94 and a debt-to-equity ratio of 0.89. The firm has a 50-day moving average of $3.95 and a two-hundred day moving average of $4.03. The company has a market capitalization of $85.62 million, a price-to-earnings ratio of -2.40 and a beta of 1.49.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.33). Lifetime Brands had a negative net margin of 5.16% and a positive return on equity of 0.12%. The company had revenue of $131.86 million during the quarter, compared to the consensus estimate of $138.25 million. As a group, analysts expect that Lifetime Brands will post 0.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lifetime Brands

A number of hedge funds have recently added to or reduced their stakes in LCUT. JB Capital Partners LP lifted its stake in Lifetime Brands by 9.0% in the second quarter. JB Capital Partners LP now owns 1,577,852 shares of the company's stock valued at $7,968,000 after acquiring an additional 130,231 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Lifetime Brands by 16.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 908,722 shares of the company's stock valued at $4,634,000 after purchasing an additional 130,650 shares during the last quarter. Martin & Co. Inc. TN increased its position in Lifetime Brands by 1.3% during the second quarter. Martin & Co. Inc. TN now owns 525,757 shares of the company's stock worth $2,681,000 after buying an additional 6,943 shares during the last quarter. RBF Capital LLC bought a new position in Lifetime Brands during the second quarter valued at about $2,054,000. Finally, Truffle Hound Capital LLC acquired a new stake in shares of Lifetime Brands in the second quarter worth about $904,000. Institutional investors and hedge funds own 40.62% of the company's stock.

About Lifetime Brands

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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