Lifetime Brands (NASDAQ:LCUT) Stock Rating Lowered by TheStreet

TheStreet cut shares of Lifetime Brands (NASDAQ:LCUT) from a c- rating to a d+ rating in a report issued on Thursday morning, TheStreetRatingsTable reports.

Several other research analysts have also commented on LCUT. ValuEngine lowered Lifetime Brands from a hold rating to a sell rating in a research report on Monday, June 3rd. Zacks Investment Research lowered Lifetime Brands from a hold rating to a sell rating in a research report on Thursday.

LCUT opened at $7.59 on Thursday. Lifetime Brands has a 52 week low of $7.15 and a 52 week high of $12.40. The business has a fifty day simple moving average of $8.97 and a 200-day simple moving average of $9.36. The firm has a market cap of $159.41 million, a P/E ratio of 27.11, a P/E/G ratio of 0.82 and a beta of 1.28. The company has a quick ratio of 1.12, a current ratio of 2.67 and a debt-to-equity ratio of 1.56.

Lifetime Brands (NASDAQ:LCUT) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.08). Lifetime Brands had a positive return on equity of 4.03% and a negative net margin of 0.06%. The firm had revenue of $142.54 million for the quarter, compared to analysts’ expectations of $153.11 million. Sell-side analysts expect that Lifetime Brands will post 0.61 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were given a dividend of $0.043 per share. This is a positive change from Lifetime Brands’s previous quarterly dividend of $0.04. This represents a $0.17 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Wednesday, July 31st. Lifetime Brands’s dividend payout ratio (DPR) is currently 60.71%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LCUT. United Asset Strategies Inc. acquired a new stake in shares of Lifetime Brands in the first quarter valued at $173,000. Weber Alan W raised its stake in shares of Lifetime Brands by 44.4% in the first quarter. Weber Alan W now owns 65,000 shares of the company’s stock valued at $614,000 after acquiring an additional 20,000 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Lifetime Brands by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 93,393 shares of the company’s stock valued at $884,000 after acquiring an additional 1,471 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Lifetime Brands by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 118,701 shares of the company’s stock valued at $1,190,000 after acquiring an additional 5,007 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Lifetime Brands by 1.3% in the second quarter. Northern Trust Corp now owns 149,845 shares of the company’s stock valued at $1,417,000 after acquiring an additional 1,864 shares in the last quarter. Institutional investors and hedge funds own 45.26% of the company’s stock.

About Lifetime Brands

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.

Further Reading: What is the Coverage Ratio?

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