Lifetime Brands Inc (NASDAQ:LCUT)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.09 and traded as high as $7.30. Lifetime Brands shares last traded at $7.30, with a volume of 1,558 shares trading hands.
A number of research firms have recently weighed in on LCUT. ValuEngine downgraded Lifetime Brands from a “hold” rating to a “sell” rating in a research note on Monday, June 3rd. TheStreet cut Lifetime Brands from a “c-” rating to a “d+” rating in a research note on Thursday, August 15th. Finally, Zacks Investment Research downgraded Lifetime Brands from a “hold” rating to a “sell” rating in a report on Thursday, August 15th.
The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.01 and a current ratio of 2.67. The company has a market capitalization of $156.23 million, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 0.80 and a beta of 1.32. The company has a 50-day moving average price of $7.91 and a 200-day moving average price of $9.02.
Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.08). The firm had revenue of $142.54 million during the quarter, compared to analyst estimates of $153.11 million. Lifetime Brands had a negative net margin of 0.06% and a positive return on equity of 4.03%. As a group, sell-side analysts anticipate that Lifetime Brands Inc will post 0.61 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were issued a $0.043 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This is a positive change from Lifetime Brands’s previous quarterly dividend of $0.04. This represents a $0.17 annualized dividend and a yield of 2.23%. Lifetime Brands’s dividend payout ratio (DPR) is 60.71%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. raised its holdings in Lifetime Brands by 84.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 379,716 shares of the company’s stock worth $3,591,000 after buying an additional 174,227 shares during the period. Kennedy Capital Management Inc. lifted its position in Lifetime Brands by 11.3% in the 1st quarter. Kennedy Capital Management Inc. now owns 1,128,643 shares of the company’s stock valued at $10,666,000 after acquiring an additional 114,719 shares in the last quarter. Boston Partners boosted its stake in Lifetime Brands by 159.5% in the 2nd quarter. Boston Partners now owns 170,245 shares of the company’s stock worth $1,611,000 after purchasing an additional 104,631 shares during the period. Pacific Ridge Capital Partners LLC boosted its stake in Lifetime Brands by 13.9% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 466,758 shares of the company’s stock worth $4,411,000 after purchasing an additional 57,035 shares during the period. Finally, Weber Alan W boosted its stake in Lifetime Brands by 84.6% in the 2nd quarter. Weber Alan W now owns 120,000 shares of the company’s stock worth $1,135,000 after purchasing an additional 55,000 shares during the period. 44.91% of the stock is currently owned by institutional investors.
Lifetime Brands Company Profile (NASDAQ:LCUT)
Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the United States and internationally. The company operates through two segments, U.S. and International. It offers kitchenware products, including kitchen tools and gadgets, cutlery, cutting boards, shears, cookware, pantryware, spice racks, and bakeware, as well as kitchen scales; and tableware products comprising dinnerware, stemware, flatware, and giftware.
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