Lifetime Brands (NASDAQ:LCUT) Lowered to Sell Rating by Wall Street Zen

Key Points

• Lifetime Brands has been downgraded from a "hold" to a "sell" rating by Wall Street Zen.
• Canaccord Genuity has reduced their price target for Lifetime Brands from $6.00 to $5.00, while maintaining a "buy" rating.
• The company reported a quarterly loss of ($0.50) EPS, which fell short of the consensus estimate by ($0.33).

Lifetime Brands (NASDAQ:LCUT - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

Separately, Canaccord Genuity Group decreased their target price on Lifetime Brands from $6.00 to $5.00 and set a "buy" rating for the company in a research report on Friday.

Lifetime Brands Price Performance

Shares of LCUT traded down $0.33 during trading hours on Friday, reaching $3.65. 80,234 shares of the company traded hands, compared to its average volume of 71,717. The stock has a fifty day simple moving average of $4.33 and a 200 day simple moving average of $4.44. The company has a quick ratio of 0.94, a current ratio of 2.65 and a debt-to-equity ratio of 0.89. Lifetime Brands has a fifty-two week low of $2.89 and a fifty-two week high of $7.72. The stock has a market capitalization of $81.81 million, a PE ratio of -2.30, a price-to-earnings-growth ratio of 2.03 and a beta of 1.63.

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

Institutional Investors Weigh In On Lifetime Brands

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. JB Capital Partners LP raised its stake in shares of Lifetime Brands by 16.0% during the first quarter. JB Capital Partners LP now owns 1,447,621 shares of the company's stock valued at $7,050,000 after purchasing an additional 199,500 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Lifetime Brands by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,260,722 shares of the company's stock valued at $7,450,000 after purchasing an additional 21,139 shares in the last quarter. Truffle Hound Capital LLC bought a new stake in shares of Lifetime Brands during the second quarter valued at about $904,000. Bank of New York Mellon Corp raised its stake in shares of Lifetime Brands by 270.1% during the first quarter. Bank of New York Mellon Corp now owns 140,710 shares of the company's stock valued at $694,000 after purchasing an additional 102,691 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Lifetime Brands by 22.5% during the fourth quarter. Northern Trust Corp now owns 133,160 shares of the company's stock valued at $787,000 after purchasing an additional 24,445 shares in the last quarter. 40.62% of the stock is currently owned by institutional investors.

Lifetime Brands Company Profile

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.