Lifetime Brands (NASDAQ:LCUT) Shares Pass Above 200-Day Moving Average – Time to Sell?

Lifetime Brands, Inc. (NASDAQ:LCUT)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.75 and traded as high as $7.99. Lifetime Brands shares last traded at $7.74, with a volume of 112,057 shares changing hands.

Analysts Set New Price Targets

Several research firms recently issued reports on LCUT. Zacks Research upgraded Lifetime Brands from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lifetime Brands in a report on Monday. Canaccord Genuity Group upped their price target on Lifetime Brands from $5.00 to $6.00 and gave the stock a “hold” rating in a research note on Monday, May 11th. Wall Street Zen raised shares of Lifetime Brands from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 17th. Finally, Roth Capital reiterated a “buy” rating and set a $8.00 price objective on shares of Lifetime Brands in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.00.

Lifetime Brands Price Performance

The firm has a market cap of $176.86 million, a P/E ratio of -6.09, a P/E/G ratio of 0.77 and a beta of 1.00. The firm’s fifty day simple moving average is $8.16 and its 200 day simple moving average is $5.75. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.26 and a current ratio of 2.93.

Lifetime Brands (NASDAQ:LCUT) last issued its earnings results on Thursday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.22. Lifetime Brands had a positive return on equity of 8.01% and a negative net margin of 4.22%.The firm had revenue of $143.51 million for the quarter, compared to analysts’ expectations of $137.58 million. As a group, analysts forecast that Lifetime Brands, Inc. will post 0.73 earnings per share for the current year.

Lifetime Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be issued a $0.0425 dividend. The ex-dividend date is Friday, July 31st. This represents a $0.17 dividend on an annualized basis and a dividend yield of 2.2%. Lifetime Brands’s payout ratio is -13.39%.

Hedge Funds Weigh In On Lifetime Brands

Large investors have recently made changes to their positions in the company. Qube Research & Technologies Ltd purchased a new position in shares of Lifetime Brands during the second quarter valued at approximately $88,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Lifetime Brands during the third quarter valued at $118,000. Bank of America Corp DE increased its position in Lifetime Brands by 39.0% during the 1st quarter. Bank of America Corp DE now owns 20,722 shares of the company’s stock valued at $119,000 after purchasing an additional 5,809 shares during the period. Jane Street Group LLC raised its stake in Lifetime Brands by 388.4% in the fourth quarter. Jane Street Group LLC now owns 51,795 shares of the company’s stock worth $205,000 after buying an additional 41,191 shares in the last quarter. Finally, Empowered Funds LLC raised its position in shares of Lifetime Brands by 7.3% in the 1st quarter. Empowered Funds LLC now owns 108,458 shares of the company’s stock worth $535,000 after acquiring an additional 7,385 shares in the last quarter. 40.62% of the stock is owned by hedge funds and other institutional investors.

Lifetime Brands Company Profile

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.