Lifetime Brands (NASDAQ:LCUT) Shares Pass Above 200-Day Moving Average - Should You Sell?

Key Points

• Lifetime Brands shares rose above their 200-day moving average, trading as high as $8.73 versus the $7.73 average, though the stock remained below its 50-day moving average of $8.88.
• Analyst opinions are mixed, ranging from “strong buy” to “sell,” but the stock carries an overall “Moderate Buy” rating and an average price target of $9.50.
• The company reported quarterly EPS of $1.18, substantially above the estimated loss of $0.21, and declared a quarterly dividend of $0.0425, representing a 2.0% annualized yield. Insiders have sold shares recently, while insiders still own 44.4% of the company.

Lifetime Brands, Inc. (NASDAQ:LCUT - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.73 and traded as high as $8.73. Lifetime Brands shares last traded at $8.68, with a volume of 93,216 shares.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LCUT shares. Roth Capital restated a "buy" rating and issued a $12.00 target price on shares of Lifetime Brands in a research note on Tuesday, August 11th. Zacks Research upgraded shares of Lifetime Brands from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Lifetime Brands in a research note on Monday, July 6th. Finally, Canaccord Genuity Group boosted their price target on shares of Lifetime Brands from $6.00 to $7.00 and gave the stock a "hold" rating in a research note on Wednesday, July 22nd. One 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 issued a Sell rating to the company. Based on data from MarketBeat, Lifetime Brands presently has an average rating of "Moderate Buy" and an average price target of $9.50.

Lifetime Brands Stock Up 3.1%

The stock has a 50 day simple moving average of $8.88 and a 200 day simple moving average of $7.73. The company has a current ratio of 2.11, a quick ratio of 0.99 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $199.55 million, a PE ratio of 6.07, a PEG ratio of 0.29 and a beta of 0.98.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last announced 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 year.

Lifetime Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be paid a $0.0425 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.17 dividend on an annualized basis and a yield of 2.0%. Lifetime Brands's dividend payout ratio (DPR) is presently 11.89%.

Insider Activity at Lifetime Brands

In related news, Director Jeffrey Siegel sold 7,359 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $9.51, for a total value of $69,984.09. Following the completion of the transaction, the director directly owned 1,158,978 shares of the company's stock, valued at $11,021,880.78. This represents a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders have sold 22,423 shares of company stock valued at $213,176. Company insiders own 44.40% of the company's stock.

Institutional Investors Weigh In On Lifetime Brands

Several hedge funds have recently bought and sold shares of LCUT. NewEdge Advisors LLC bought a new stake in shares of Lifetime Brands in the 2nd quarter worth approximately $220,000. Squarepoint Ops LLC purchased a new position in Lifetime Brands in the second quarter worth about $123,000. AXQ Capital LP bought a new position in Lifetime Brands in the 2nd quarter valued at approximately $93,000. Hsbc Holdings PLC boosted its position in shares of Lifetime Brands by 6.2% during the second quarter. Hsbc Holdings PLC now owns 21,099 shares of the company's stock valued at $190,000 after buying an additional 1,237 shares during the last quarter. Finally, Empowered Funds LLC purchased a new position in shares of Lifetime Brands during the second quarter valued at approximately $1,139,000. Institutional investors own 40.62% of the company's stock.

Lifetime Brands Company Profile

Lifetime Brands, Inc is a designer, developer, manufacturer and marketer of kitchenware, tabletop products and other home-related goods. Its product offerings include cookware, bakeware, cutlery, kitchen tools and gadgets, food storage products, beverageware, dinnerware, flatware, serving accessories and home organization items.

The company markets products under a portfolio of owned, licensed and distributed brands, including Farberware, Mikasa, Pfaltzgraff, Chicago Cutlery, Kamenstein, Rabbit, Taylor and several Gibson brands.

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