Lifetime Brands, Inc. (NASDAQ:LCUT) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Tuesday, August 1st.
Separately, Sidoti raised Lifetime Brands from a “neutral” rating to a “buy” rating in a report on Friday, May 26th.
Lifetime Brands (LCUT) opened at 16.80 on Tuesday. The firm has a 50-day moving average price of $18.40 and a 200-day moving average price of $18.11. The stock has a market cap of $248.61 million, a PE ratio of 13.95 and a beta of 0.98. Lifetime Brands has a 12-month low of $12.03 and a 12-month high of $21.20.
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A number of hedge funds have recently added to or reduced their stakes in LCUT. Russell Investments Group Ltd. acquired a new stake in Lifetime Brands during the fourth quarter worth about $345,000. State Street Corp raised its stake in Lifetime Brands by 5.2% in the fourth quarter. State Street Corp now owns 166,994 shares of the company’s stock worth $2,962,000 after buying an additional 8,258 shares during the period. Dimensional Fund Advisors LP raised its stake in Lifetime Brands by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,212,232 shares of the company’s stock worth $21,517,000 after buying an additional 3,991 shares during the period. Teachers Advisors LLC raised its stake in Lifetime Brands by 9.7% in the fourth quarter. Teachers Advisors LLC now owns 16,979 shares of the company’s stock worth $301,000 after buying an additional 1,502 shares during the period. Finally, Algert Global LLC acquired a new stake in Lifetime Brands during the first quarter worth about $1,058,000. 56.75% of the stock is currently owned by hedge funds and other institutional investors.
About Lifetime Brands
Lifetime Brands, Inc designs, sources and sells branded kitchenware, tableware and other products used in the home. The Company operates through three segments: U.S. Wholesale, International and Retail Direct. In the U.S. Wholesale segment, the Company designs, markets and distributes its products to retailers and distributors.
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