DA Davidson Boosts Lifetime Brands (NASDAQ:LCUT) Price Target to $13.50

Lifetime Brands (NASDAQ:LCUT - Get Free Report) had its price target hoisted by DA Davidson from $11.50 to $13.50 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a "buy" rating on the stock. DA Davidson's price target would suggest a potential upside of 27.72% from the company's current price.

Several other analysts have also recently weighed in on the stock. Canaccord Genuity Group upped their price objective on shares of Lifetime Brands from $11.00 to $12.00 and gave the stock a "buy" rating in a research note on Friday. TheStreet raised shares of Lifetime Brands from a "d+" rating to a "c-" rating in a research note on Monday, March 11th.

Lifetime Brands Stock Performance

LCUT stock traded down $0.04 during midday trading on Monday, hitting $10.57. The stock had a trading volume of 222,886 shares, compared to its average volume of 75,260. Lifetime Brands has a 52 week low of $4.31 and a 52 week high of $11.34. The company has a current ratio of 2.62, a quick ratio of 1.07 and a debt-to-equity ratio of 0.77. The stock has a 50-day simple moving average of $9.82 and a 200 day simple moving average of $8.15. The firm has a market capitalization of $233.31 million, a price-to-earnings ratio of -41.11, a P/E/G ratio of 1.04 and a beta of 1.38.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.06). The business had revenue of $142.24 million for the quarter, compared to the consensus estimate of $149.74 million. Lifetime Brands had a positive return on equity of 4.63% and a negative net margin of 0.86%. During the same period in the previous year, the business posted ($0.12) earnings per share. As a group, equities research analysts anticipate that Lifetime Brands will post 0.73 earnings per share for the current year.

Institutional Trading of Lifetime Brands

A number of large investors have recently made changes to their positions in the company. Pacific Ridge Capital Partners LLC grew its stake in Lifetime Brands by 1.9% in the third quarter. Pacific Ridge Capital Partners LLC now owns 717,774 shares of the company's stock valued at $4,041,000 after acquiring an additional 13,233 shares during the period. Acadian Asset Management LLC boosted its stake in Lifetime Brands by 13.2% in the 1st quarter. Acadian Asset Management LLC now owns 264,815 shares of the company's stock worth $2,773,000 after purchasing an additional 30,845 shares during the period. Essex Investment Management Co. LLC increased its holdings in Lifetime Brands by 1.6% during the 1st quarter. Essex Investment Management Co. LLC now owns 203,575 shares of the company's stock worth $2,133,000 after purchasing an additional 3,129 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in shares of Lifetime Brands by 350.0% in the 3rd quarter. Gamco Investors INC. ET AL now owns 90,000 shares of the company's stock valued at $507,000 after purchasing an additional 70,000 shares during the period. Finally, Legato Capital Management LLC bought a new position in shares of Lifetime Brands during the fourth quarter worth about $542,000. Institutional investors 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.