Lifetime Brands Inc (NASDAQ:LCUT) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports.
Zacks has also given Lifetime Brands an industry rank of 183 out of 255 based on the ratings given to its competitors.
Several analysts have weighed in on LCUT shares. TheStreet lowered shares of Lifetime Brands from a “b-” rating to a “c” rating in a research note on Thursday, March 15th. ValuEngine lowered shares of Lifetime Brands from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd.
In other news, CEO Robert Bruce Kay purchased 2,500 shares of Lifetime Brands stock in a transaction dated Tuesday, May 15th. The stock was bought at an average price of $10.50 per share, with a total value of $26,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 41.70% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in LCUT. Polar Asset Management Partners Inc. boosted its holdings in shares of Lifetime Brands by 80.6% during the first quarter. Polar Asset Management Partners Inc. now owns 307,000 shares of the company’s stock valued at $3,807,000 after acquiring an additional 137,000 shares during the period. Martin & Co. Inc. TN boosted its holdings in shares of Lifetime Brands by 52.0% during the fourth quarter. Martin & Co. Inc. TN now owns 108,871 shares of the company’s stock valued at $1,796,000 after acquiring an additional 37,248 shares during the period. Olstein Capital Management L.P. boosted its holdings in shares of Lifetime Brands by 17.7% during the first quarter. Olstein Capital Management L.P. now owns 177,150 shares of the company’s stock valued at $2,197,000 after acquiring an additional 26,669 shares during the period. Stone Ridge Asset Management LLC acquired a new position in shares of Lifetime Brands during the fourth quarter valued at $290,000. Finally, AXA boosted its holdings in shares of Lifetime Brands by 26.9% during the fourth quarter. AXA now owns 74,805 shares of the company’s stock valued at $1,234,000 after acquiring an additional 15,867 shares during the period. 46.26% of the stock is owned by institutional investors.
LCUT stock opened at $12.75 on Monday. The company has a debt-to-equity ratio of 1.11, a current ratio of 3.44 and a quick ratio of 1.36. Lifetime Brands has a 1-year low of $10.00 and a 1-year high of $20.20. The firm has a market cap of $247.26 million, a price-to-earnings ratio of 17.96 and a beta of 1.17.
Lifetime Brands (NASDAQ:LCUT) last released its earnings results on Tuesday, May 8th. The company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.32). Lifetime Brands had a negative net margin of 1.39% and a positive return on equity of 1.57%. The business had revenue of $118.17 million for the quarter. equities research analysts predict that Lifetime Brands will post 0.88 earnings per share for the current fiscal year.
About Lifetime Brands
Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the United States and internationally. The company operates through three segments: U.S. Wholesale, International, and Retail Direct. It offers kitchenware products, including kitchen tools and gadgets, cutlery, cutting boards, shears, cookware, pantry ware, spice racks, and bakeware, as well as novelty kitchen tools, tableware accessories, party goods, personal accessories, and other products; and tableware products comprising dinnerware, stemware, flatware, and giftware.
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