Lifetime Brands (NASDAQ:LCUT – Get Free Report) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.
Several other equities research analysts also recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lifetime Brands in a research note on Thursday, January 22nd. Roth Mkm reaffirmed a “buy” rating and issued a $8.00 target price on shares of Lifetime Brands 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 research note on Sunday. Finally, Canaccord Genuity Group upped their target price on shares of Lifetime Brands from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $7.00.
Lifetime Brands Trading Down 3.3%
Lifetime Brands (NASDAQ:LCUT – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.18) by $0.22. Lifetime Brands had a negative net margin of 4.22% and a positive return on equity of 8.01%. The firm had revenue of $143.51 million during the quarter, compared to the consensus estimate of $137.58 million. On average, sell-side analysts anticipate that Lifetime Brands will post 0.73 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. boosted its holdings in shares of Lifetime Brands by 0.5% in the third quarter. Ameriprise Financial Inc. now owns 913,425 shares of the company’s stock valued at $3,535,000 after buying an additional 4,703 shares during the period. Bank of America Corp DE boosted its holdings in Lifetime Brands by 39.0% during the first quarter. Bank of America Corp DE now owns 20,722 shares of the company’s stock worth $119,000 after purchasing an additional 5,809 shares during the last quarter. Empowered Funds LLC boosted its holdings in Lifetime Brands by 7.3% during the first quarter. Empowered Funds LLC now owns 108,458 shares of the company’s stock worth $535,000 after purchasing an additional 7,385 shares during the last quarter. Bridgeway Capital Management LLC boosted its holdings in Lifetime Brands by 3.8% during the third quarter. Bridgeway Capital Management LLC now owns 243,414 shares of the company’s stock worth $942,000 after purchasing an additional 8,820 shares during the last quarter. Finally, JB Capital Partners LP boosted its holdings in Lifetime Brands by 0.6% during the third quarter. JB Capital Partners LP now owns 1,587,852 shares of the company’s stock worth $6,145,000 after purchasing an additional 10,000 shares during the last quarter. Institutional investors and hedge funds 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.
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