Lifetime Brands (NASDAQ:LCUT) Downgraded to Neutral Rating by DA Davidson

DA Davidson downgraded shares of Lifetime Brands (NASDAQ:LCUT) from a buy rating to a neutral rating in a report issued on Monday morning, Marketbeat.com reports. They currently have $6.75 price objective on the stock, down from their previous price objective of $11.50.

Several other research analysts also recently issued reports on LCUT. StockNews.com raised Lifetime Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Canaccord Genuity Group cut their target price on shares of Lifetime Brands from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, October 18th.

Lifetime Brands Trading Down 4.3 %

NASDAQ:LCUT opened at $5.38 on Monday. The company has a market capitalization of $119.20 million, a PE ratio of -5.43, a price-to-earnings-growth ratio of 0.63 and a beta of 1.28. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.88. Lifetime Brands has a 52-week low of $5.25 and a 52-week high of $11.68. The stock has a fifty day simple moving average of $6.00 and a 200-day simple moving average of $6.43.

Lifetime Brands (NASDAQ:LCUT) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.17). The firm had revenue of $183.84 million for the quarter, compared to analyst estimates of $193.90 million. Lifetime Brands had a positive return on equity of 3.13% and a negative net margin of 3.19%. During the same period last year, the firm earned $0.36 EPS. On average, equities research analysts expect that Lifetime Brands will post 0.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in Lifetime Brands in the 3rd quarter valued at about $67,000. Geode Capital Management LLC grew its holdings in Lifetime Brands by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 294,291 shares of the company’s stock valued at $1,925,000 after buying an additional 11,118 shares during the period. Barclays PLC grew its holdings in Lifetime Brands by 38.7% in the 3rd quarter. Barclays PLC now owns 19,016 shares of the company’s stock valued at $124,000 after buying an additional 5,302 shares during the period. Squarepoint Ops LLC grew its holdings in Lifetime Brands by 28.5% in the 2nd quarter. Squarepoint Ops LLC now owns 20,621 shares of the company’s stock valued at $177,000 after buying an additional 4,575 shares during the period. Finally, JB Capital Partners LP grew its holdings in Lifetime Brands by 13.0% in the 3rd quarter. JB Capital Partners LP now owns 940,814 shares of the company’s stock valued at $6,106,000 after buying an additional 108,193 shares during the period. Institutional investors and hedge funds own 40.62% of the company’s stock.

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.