Zacks: Lifetime Brands, Inc. (LCUT) Given $19.00 Average Target Price by Analysts
Shares of Lifetime Brands, Inc. (NASDAQ:LCUT) have 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. One analyst has rated the stock with a strong buy rating. Lifetime Brands’ rating score has improved by 66.7% from three months ago as a result of a number of analysts’ ratings changes.
Brokerages have set a 12 month consensus target price of $19.00 for the company, according to Zacks. Zacks has also given Lifetime Brands an industry rank of 52 out of 265 based on the ratings given to its competitors.
LCUT has been the subject of several recent research reports. BidaskClub raised shares of Lifetime Brands from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 11th. Sidoti raised shares of Lifetime Brands from a “neutral” rating to a “buy” rating in a research report on Friday, May 26th.
Large investors have recently bought and sold shares of the company. Northern Trust Corp increased its stake in Lifetime Brands by 28.5% in the second quarter. Northern Trust Corp now owns 493,763 shares of the company’s stock valued at $8,961,000 after buying an additional 109,478 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Lifetime Brands by 7.4% in the second quarter. JPMorgan Chase & Co. now owns 381,560 shares of the company’s stock valued at $6,925,000 after buying an additional 26,360 shares during the last quarter. Vanguard Group Inc. increased its stake in Lifetime Brands by 4.1% in the second quarter. Vanguard Group Inc. now owns 381,463 shares of the company’s stock valued at $6,924,000 after buying an additional 15,003 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its stake in Lifetime Brands by 21.1% in the first quarter. Pacific Ridge Capital Partners LLC now owns 268,211 shares of the company’s stock valued at $5,391,000 after buying an additional 46,742 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Lifetime Brands by 0.6% in the second quarter. Ameriprise Financial Inc. now owns 235,900 shares of the company’s stock valued at $4,282,000 after buying an additional 1,300 shares during the last quarter. 56.75% of the stock is owned by institutional investors.
Shares of Lifetime Brands (NASDAQ LCUT) opened at 16.65 on Wednesday. Lifetime Brands has a 52-week low of $12.03 and a 52-week high of $21.20. The company’s 50-day moving average price is $18.35 and its 200-day moving average price is $18.17. The firm has a market cap of $246.39 million, a PE ratio of 13.83 and a beta of 0.98.
Lifetime Brands (NASDAQ:LCUT) last posted its earnings results on Tuesday, August 8th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.06 by $0.11. The business had revenue of $117.40 million for the quarter, compared to the consensus estimate of $121.59 million. Lifetime Brands had a return on equity of 10.27% and a net margin of 2.99%. The company’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.01 earnings per share. Equities analysts expect that Lifetime Brands will post $1.32 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be given a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Tuesday, October 31st. Lifetime Brands’s payout ratio is presently 14.05%.
About Lifetime Brands
Lifetime Brands, Inc designs, sources and sells branded kitchenware, tableware and other products used in the home. The Company operates through three segments: U.S. Wholesale, International and Retail Direct. In the U.S. Wholesale segment, the Company designs, markets and distributes its products to retailers and distributors.
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