Lifetime Brands (NASDAQ:LCUT) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Lifetime Brands, Inc. (NASDAQ:LCUT) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.24 and traded as high as $8.92. Lifetime Brands shares last traded at $8.38, with a volume of 208,935 shares changing hands.

Analyst Ratings Changes

Several research analysts recently weighed in on LCUT shares. Weiss Ratings restated a “sell (d-)” rating on shares of Lifetime Brands in a research report on Monday, July 6th. Zacks Research lowered Lifetime Brands from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 9th. Wall Street Zen upgraded Lifetime Brands from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 17th. Roth Capital lifted their target price on Lifetime Brands from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Finally, Canaccord Genuity Group boosted their target price on Lifetime Brands from $6.00 to $7.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $8.50.

Lifetime Brands Trading Down 0.4%

The company has a market capitalization of $191.25 million, a price-to-earnings ratio of -6.59, a P/E/G ratio of 0.82 and a beta of 1.00. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.26 and a current ratio of 2.93. The business’s 50-day simple moving average is $8.63 and its 200-day simple moving average is $6.28.

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

Lifetime Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be issued a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, July 31st. Lifetime Brands’s payout ratio is currently -13.39%.

Institutional Trading of Lifetime Brands

Several institutional investors and hedge funds have recently made changes to their positions in LCUT. JB Capital Partners LP boosted its position in shares of Lifetime Brands by 2.5% in the 4th quarter. JB Capital Partners LP now owns 1,627,852 shares of the company’s stock worth $6,430,000 after purchasing an additional 40,000 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Lifetime Brands by 0.5% during the third quarter. Ameriprise Financial Inc. now owns 913,425 shares of the company’s stock worth $3,535,000 after purchasing an additional 4,703 shares during the period. Bridgeway Capital Management LLC increased its holdings in Lifetime Brands by 3.8% in the third quarter. Bridgeway Capital Management LLC now owns 243,414 shares of the company’s stock valued at $942,000 after purchasing an additional 8,820 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Lifetime Brands by 14.3% in the first quarter. Renaissance Technologies LLC now owns 116,765 shares of the company’s stock valued at $670,000 after purchasing an additional 14,614 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in Lifetime Brands by 7.3% in the first quarter. Empowered Funds LLC now owns 108,458 shares of the company’s stock valued at $535,000 after purchasing an additional 7,385 shares during the last quarter. Institutional investors own 40.62% of the company’s stock.

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.