Lifetime Brands, Inc. (NASDAQ:LCUT – Get Free Report)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.17 and traded as high as $9.50. Lifetime Brands shares last traded at $9.06, with a volume of 133,381 shares trading hands.
Analysts Set New Price Targets
Several equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of Lifetime Brands from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 17th. Canaccord Genuity Group increased their target price on shares of Lifetime Brands from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Monday, May 11th. Roth Mkm reiterated a “buy” rating and issued a $8.00 target price on shares of Lifetime Brands in a research report on Monday, May 11th. Finally, Zacks Research upgraded shares of Lifetime Brands from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $7.00.
View Our Latest Research Report on Lifetime Brands
Lifetime Brands Trading Down 1.9%
Lifetime Brands (NASDAQ:LCUT – Get Free Report) last announced 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. Lifetime Brands had a negative net margin of 4.22% and a positive return on equity of 8.01%. The company had revenue of $143.51 million for the quarter, compared to analyst estimates of $137.58 million. As a group, analysts expect that Lifetime Brands, Inc. will post 0.73 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. JB Capital Partners LP increased its stake in shares of Lifetime Brands by 2.5% during 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. increased its stake in shares of Lifetime Brands by 0.5% during the 3rd 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 last quarter. Bridgeway Capital Management LLC increased its stake in shares of Lifetime Brands by 3.8% during the 3rd 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. Truffle Hound Capital LLC increased its stake in shares of Lifetime Brands by 12.8% during the 3rd quarter. Truffle Hound Capital LLC now owns 200,000 shares of the company’s stock worth $774,000 after purchasing an additional 22,679 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Lifetime Brands by 14.3% during the 1st quarter. Renaissance Technologies LLC now owns 116,765 shares of the company’s stock worth $670,000 after purchasing an additional 14,614 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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