Lifetime Brands, Inc. (NASDAQ:LCUT – Get Free Report) shares crossed 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.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on LCUT. Zacks Research raised Lifetime Brands from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Roth Capital restated a “buy” rating and issued a $8.00 price objective on shares of Lifetime Brands in a research report on Monday, May 11th. Canaccord Genuity Group boosted their price objective 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. 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, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lifetime Brands in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $7.00.
Check Out Our Latest Research Report on Lifetime Brands
Lifetime Brands Stock Performance
Lifetime Brands (NASDAQ:LCUT – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.04 earnings per share for the quarter, beating 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. Equities research analysts predict that Lifetime Brands, Inc. will post 0.73 EPS for the current year.
Lifetime Brands Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be paid a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, July 31st. Lifetime Brands’s dividend payout ratio (DPR) is currently -13.39%.
Hedge Funds Weigh In On Lifetime Brands
A number of hedge funds and other institutional investors have recently bought and sold shares of LCUT. Ameriprise Financial Inc. increased its holdings in shares of Lifetime Brands by 0.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 913,425 shares of the company’s stock worth $3,535,000 after buying an additional 4,703 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Lifetime Brands by 39.0% during the 1st quarter. Bank of America Corp DE now owns 20,722 shares of the company’s stock worth $119,000 after acquiring an additional 5,809 shares during the last quarter. Empowered Funds LLC grew its position in Lifetime Brands by 7.3% in the first 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. Bridgeway Capital Management LLC grew its position in Lifetime Brands by 3.8% in the third quarter. Bridgeway Capital Management LLC now owns 243,414 shares of the company’s stock worth $942,000 after acquiring an additional 8,820 shares in the last quarter. Finally, JB Capital Partners LP increased its stake in Lifetime Brands by 0.6% in the third quarter. JB Capital Partners LP now owns 1,587,852 shares of the company’s stock valued at $6,145,000 after acquiring an additional 10,000 shares during the last quarter. Hedge funds and other 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.
See Also
- Five stocks we like better than Lifetime Brands
- AeroVironment Flies Under Wall Street’s Radar Toward a $4 Billion Target
- Micron’s $250 Billion Bet Could Reshape the AI Memory Race
- Rocket Lab’s Stock Drop Comes With a Bullish Twist
- Amazon’s New Debt Deal Puts Its AI Spending Story on Trial
Receive News & Ratings for Lifetime Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lifetime Brands and related companies with MarketBeat.com's FREE daily email newsletter.
