Lifetime Brands (NASDAQ:LCUT) Share Price Breaks Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Lifetime Brands shares broke above their 200-day moving average, reaching $9.72 and last trading at $9.54, compared with the moving average of $8.24.
• Analyst sentiment is broadly positive, with a consensus rating of “Moderate Buy” and a $9.50 target price; individual targets range from $7.00 to $12.00.
• The company reported quarterly EPS of $1.18, substantially exceeding the $0.21 loss analysts expected, and announced a quarterly dividend of $0.0425 per share, representing a 1.8% annualized yield.

Shares of Lifetime Brands, Inc. (NASDAQ:LCUT - Get Free Report) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $8.24 and traded as high as $9.72. Lifetime Brands shares last traded at $9.54, with a volume of 174,672 shares trading hands.

Analysts Set New Price Targets

LCUT has been the topic of a number of recent research reports. Weiss Ratings raised Lifetime Brands from a "sell (d-)" rating to a "hold (c)" rating in a report on Tuesday, September 22nd. Zacks Research upgraded Lifetime Brands from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. Canaccord Genuity Group increased their price target on Lifetime Brands from $6.00 to $7.00 and gave the stock a "hold" rating in a report on Wednesday, July 22nd. Finally, Roth Capital reaffirmed a "buy" rating and set a $12.00 price target on shares of Lifetime Brands in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $9.50.

Lifetime Brands Trading Up 0.2%

The firm has a market cap of $219.32 million, a PE ratio of 6.67, a P/E/G ratio of 0.33 and a beta of 1.01. The company's fifty day moving average price is $9.03 and its two-hundred day moving average price is $8.24. The company has a quick ratio of 0.99, a current ratio of 2.11 and a debt-to-equity ratio of 0.51.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.21) by $1.39. The business had revenue of $141.57 million for the quarter, compared to analyst estimates of $136.64 million. Lifetime Brands had a net margin of 4.81% and a return on equity of 26.39%. As a group, sell-side analysts forecast that Lifetime Brands, Inc. will post 2.08 earnings per share for the current fiscal year.

Lifetime Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be given a dividend of $0.0425 per share. The ex-dividend date is Friday, October 30th. This represents a $0.17 annualized dividend and a yield of 1.8%. Lifetime Brands's payout ratio is presently 11.89%.

Insider Transactions at Lifetime Brands

In other news, Director Jeffrey Siegel sold 11,560 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $9.53, for a total transaction of $110,166.80. Following the completion of the transaction, the director directly owned 1,166,337 shares of the company's stock, valued at approximately $11,115,191.61. This represents a 0.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 22,423 shares of company stock worth $213,176. Insiders own 44.40% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in Lifetime Brands in the second quarter worth $8,092,000. Empowered Funds LLC purchased a new stake in shares of Lifetime Brands during the 2nd quarter worth $1,139,000. JB Capital Partners LP purchased a new stake in shares of Lifetime Brands during the 2nd quarter worth $13,820,463. Martin & Co. Inc. TN purchased a new stake in shares of Lifetime Brands during the 2nd quarter worth $3,799,000. Finally, Walleye Capital LLC acquired a new position in shares of Lifetime Brands during the 2nd quarter worth $444,000. Institutional investors and hedge funds own 40.62% of the company's stock.

Lifetime Brands Company Profile

Lifetime Brands, Inc designs, sources, and markets a broad range of kitchenware, tabletop products, and household tools. Its offerings include cookware, bakeware, cutlery, kitchen gadgets, food storage products, barware, and dining and serving items for consumers and foodservice customers.

The company sells products under a portfolio of owned and licensed brands, including Farberware, KitchenAid, Mikasa, Pfaltzgraff, Taylor, and Kitchara, among others. It distributes its products through mass merchants, department and specialty stores, warehouse clubs, e-commerce channels, and other retail outlets.

Lifetime Brands serves markets primarily in the United States and Canada, with additional international distribution.

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