Lifetime Brands (NASDAQ:LCUT) Downgraded to "Strong Sell" Rating by Zacks Research
Zacks Research has downgraded Lifetime Brands (NASDAQ:LCUT) from a "hold" to a "strong sell" rating. This follows a series of negative assessments from other analysts, including Weiss Ratings and Wall Street Zen. Currently, Lifetime Brands has an average rating of "Reduce" with a price target of $5.50. The stock opened at $3.05, reflecting a 1% decline. The company reported a quarterly EPS of $0.11, slightly above expectations, but its revenue fell short of estimates. Institutional investors hold 40.62% of the stock.
Lifetime Brands (NASDAQ:LCUT - Get Free Report) was downgraded by Zacks Research from a "hold" rating to a "strong sell" rating in a note issued to investors on Wednesday,Zacks.com reports.
LCUT has been the topic of a number of other reports. Weiss Ratings reissued a "sell (d-)" rating on shares of Lifetime Brands in a research report on Wednesday, October 8th. Canaccord Genuity Group decreased their price objective on Lifetime Brands from $6.00 to $5.00 and set a "buy" rating for the company in a report on Friday, August 8th. Finally, Wall Street Zen lowered Lifetime Brands from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Reduce" and an average price target of $5.50.
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Lifetime Brands Stock Down 1.0%
Shares of LCUT opened at $3.05 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.65 and a quick ratio of 0.94. The stock has a market capitalization of $68.36 million, a price-to-earnings ratio of -1.92 and a beta of 1.53. Lifetime Brands has a 1 year low of $2.89 and a 1 year high of $7.05. The business's 50 day simple moving average is $3.71 and its 200-day simple moving average is $3.88.
Lifetime Brands (NASDAQ:LCUT - Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. Lifetime Brands had a negative net margin of 5.16% and a positive return on equity of 0.12%. The firm had revenue of $171.91 million during the quarter, compared to the consensus estimate of $178.76 million. As a group, equities analysts expect that Lifetime Brands will post 0.55 earnings per share for the current fiscal year.
Institutional Trading of Lifetime Brands
Several large investors have recently added to or reduced their stakes in LCUT. Nuveen LLC acquired a new position in shares of Lifetime Brands in the first quarter valued at about $82,000. Qube Research & Technologies Ltd purchased a new stake in Lifetime Brands in the second quarter valued at approximately $88,000. Y Intercept Hong Kong Ltd acquired a new position in Lifetime Brands in the 2nd quarter worth approximately $212,000. SageView Advisory Group LLC increased its holdings in Lifetime Brands by 60.4% in the 1st quarter. SageView Advisory Group LLC now owns 55,546 shares of the company's stock worth $274,000 after buying an additional 20,906 shares during the period. Finally, Empowered Funds LLC raised its position in Lifetime Brands by 7.3% during the 1st quarter. Empowered Funds LLC now owns 108,458 shares of the company's stock worth $535,000 after buying an additional 7,385 shares during the last quarter. Hedge funds and other institutional investors own 40.62% of the company's stock.
About Lifetime Brands
(Get Free Report)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.
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