Lifetime Brands (NASDAQ:LCUT) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Lifetime Brands shares rose above their 200-day moving average, trading as high as $8.52 versus the average of $7.52, though the stock was last reported at $8.29 and remained below its 50-day average of $8.86.
• Analyst sentiment is mixed but leans positive: the stock has a “Moderate Buy” consensus rating and an average price target of $9.50, with ratings ranging from Strong Buy to Sell.
• The company reported a strong quarter, posting $1.18 in EPS versus a $0.21 loss estimate and revenue of $141.57 million. Lifetime Brands also declared a quarterly dividend of $0.0425, implying a 2.1% annual yield.

Shares of Lifetime Brands, Inc. (NASDAQ:LCUT - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.52 and traded as high as $8.52. Lifetime Brands shares last traded at $8.29, with a volume of 192,401 shares changing hands.

Analyst Ratings Changes

A number of research firms have commented on LCUT. Roth Capital restated a "buy" rating and set a $12.00 target price on shares of Lifetime Brands in a research note on Tuesday, August 11th. Weiss Ratings restated a "sell (d-)" rating on shares of Lifetime Brands in a research report on Monday, July 6th. Zacks Research upgraded Lifetime Brands from a "hold" rating to a "strong-buy" rating in a report on Friday, August 7th. Finally, Canaccord Genuity Group boosted their target price on shares of Lifetime Brands from $6.00 to $7.00 and gave the stock a "hold" rating in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Lifetime Brands currently has an average rating of "Moderate Buy" and an average target price of $9.50.

Lifetime Brands Stock Down 3.4%

The stock has a market cap of $190.59 million, a PE ratio of 5.80, a price-to-earnings-growth ratio of 0.30 and a beta of 0.98. The business has a fifty day moving average of $8.86 and a 200-day moving average of $7.52. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.11 and a quick ratio of 0.99.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.18 EPS for the quarter, beating the consensus estimate of ($0.21) by $1.39. The firm had revenue of $141.57 million for the quarter, compared to analyst estimates of $136.64 million. Lifetime Brands had a return on equity of 26.39% and a net margin of 4.81%. Equities research analysts anticipate that Lifetime Brands, Inc. will post 2.08 earnings per share for the current year.

Lifetime Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be issued a $0.0425 dividend. The ex-dividend date is Friday, October 30th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 2.1%. Lifetime Brands's dividend payout ratio (DPR) is currently 11.89%.

Insider Activity at Lifetime Brands

In related news, Director Jeffrey Siegel sold 11,560 shares of the company's stock in a transaction 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 sale, the director directly owned 1,166,337 shares in the company, valued at $11,115,191.61. This represents a 0.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Over the last three months, insiders sold 22,423 shares of company stock valued at $213,176. Insiders own 44.40% of the company's stock.

Institutional Investors Weigh In On Lifetime Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of LCUT. JB Capital Partners LP acquired a new stake in shares of Lifetime Brands in the 2nd quarter worth $13,820,463. BlackRock Inc. acquired a new stake in shares of Lifetime Brands during the 2nd quarter worth approximately $8,092,000. Martin & Co. Inc. TN acquired a new stake in shares of Lifetime Brands during the 2nd quarter valued at about $3,799,000. Empowered Funds LLC purchased a new stake in Lifetime Brands in the 2nd quarter worth $1,139,000. Finally, Renaissance Technologies LLC increased its stake in shares of Lifetime Brands by 14.3% during the first quarter. Renaissance Technologies LLC now owns 116,765 shares of the company's stock worth $670,000 after purchasing an additional 14,614 shares in the last quarter. Hedge funds and other institutional investors own 40.62% of the company's stock.

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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