Lifetime Brands (NASDAQ:LCUT) Upgraded by Zacks Research to Strong-Buy Rating

Lifetime Brands (NASDAQ:LCUT) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

A number of other research firms also recently issued reports on LCUT. Weiss Ratings restated a “sell (d-)” rating on shares of Lifetime Brands in a report on Thursday, January 22nd. Canaccord Genuity Group reiterated a “hold” rating and issued a $3.50 price target on shares of Lifetime Brands in a report on Friday, March 13th. Finally, Roth Mkm assumed coverage on shares of Lifetime Brands in a research note on Friday, February 13th. They set a “buy” rating and a $5.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $4.83.

Lifetime Brands Stock Down 5.1%

Shares of NASDAQ:LCUT opened at $4.09 on Tuesday. The stock’s 50-day moving average price is $3.56 and its two-hundred day moving average price is $3.69. The company has a current ratio of 2.85, a quick ratio of 1.37 and a debt-to-equity ratio of 0.89. Lifetime Brands has a 12-month low of $2.89 and a 12-month high of $5.78. The firm has a market cap of $92.64 million, a price-to-earnings ratio of -3.30, a PEG ratio of 0.50 and a beta of 1.29.

Lifetime Brands (NASDAQ:LCUT) last posted its quarterly earnings data on Thursday, March 12th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.87. The company had revenue of $204.07 million during the quarter, compared to the consensus estimate of $202.09 million. Lifetime Brands had a negative net margin of 4.16% and a positive return on equity of 4.66%. On average, research analysts forecast that Lifetime Brands will post 0.55 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Royce & Associates LP purchased a new stake in Lifetime Brands during the third quarter worth approximately $41,000. Qube Research & Technologies Ltd acquired a new stake in shares of Lifetime Brands in the second quarter worth $88,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Lifetime Brands in the 3rd quarter valued at $118,000. Jane Street Group LLC lifted its holdings in shares of Lifetime Brands by 388.4% during the 4th quarter. Jane Street Group LLC now owns 51,795 shares of the company’s stock valued at $205,000 after acquiring an additional 41,191 shares in the last quarter. Finally, Teton Advisors LLC acquired a new position in shares of Lifetime Brands during the 3rd quarter valued at $381,000. Hedge funds and other institutional investors own 40.62% of the company’s stock.

About Lifetime Brands

Lifetime Brands, Inc, through its subsidiaries, designs, sources, manufactures and distributes a broad portfolio of consumer products for the home. Headquartered in Garden City, New York, the company operates three primary business segments—Kitchenware, Tabletop & Home Décor and Tools & Storage—providing solutions for food preparation, cooking, serving and storage under both proprietary and licensed brand names.

In the Kitchenware segment, Lifetime Brands offers cookware, bakeware, cutlery and small electric appliances under brands such as Farberware and Chef’sChoice.