Lifetime Brands (NASDAQ:LCUT) Stock Price Passes Above Two Hundred Day Moving Average of $7.71

Lifetime Brands, Inc. (NASDAQ:LCUT)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.71 and traded as high as $10.01. Lifetime Brands shares last traded at $9.48, with a volume of 87,021 shares traded.

Wall Street Analyst Weigh In

Several research analysts have issued reports on LCUT shares. Canaccord Genuity Group raised their target price on Lifetime Brands from $8.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. TheStreet raised Lifetime Brands from a “d+” rating to a “c-” rating in a research report on Monday, March 11th. Finally, DA Davidson lifted their price objective on Lifetime Brands from $9.50 to $11.50 and gave the company a “buy” rating in a research report on Monday, March 25th.

Lifetime Brands Trading Up 0.6 %

The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.24 and a current ratio of 2.48. The stock has a market capitalization of $218.32 million, a PE ratio of -25.67, a PEG ratio of 0.94 and a beta of 1.35. The stock has a 50-day moving average price of $9.90 and a two-hundred day moving average price of $7.76.

Lifetime Brands (NASDAQ:LCUT) last issued its earnings results on Tuesday, March 12th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.03). The business had revenue of $203.14 million for the quarter, compared to the consensus estimate of $196.48 million. Lifetime Brands had a negative net margin of 1.23% and a positive return on equity of 4.84%. As a group, equities analysts forecast that Lifetime Brands, Inc. will post 0.72 earnings per share for the current year.

Lifetime Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a dividend of $0.043 per share. This represents a $0.17 annualized dividend and a yield of 1.72%. The ex-dividend date is Tuesday, April 30th. Lifetime Brands’s dividend payout ratio (DPR) is presently -43.59%.

Institutional Trading of Lifetime Brands

Several institutional investors and hedge funds have recently added to or reduced their stakes in LCUT. Tower Research Capital LLC TRC raised its stake in Lifetime Brands by 489.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,255 shares of the company’s stock valued at $29,000 after purchasing an additional 3,533 shares during the period. Barclays PLC bought a new stake in Lifetime Brands in the 3rd quarter worth approximately $35,000. Gabelli Funds LLC bought a new stake in Lifetime Brands in the 3rd quarter worth approximately $56,000. Jump Financial LLC bought a new stake in Lifetime Brands in the 3rd quarter worth approximately $62,000. Finally, Heron Bay Capital Management bought a new stake in Lifetime Brands in the 4th quarter worth approximately $69,000. Institutional investors own 40.62% 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 worldwide. The company provides kitchenware products, including kitchen tools and gadgets, cutlery, kitchen scales, thermometers, cutting boards, shears, cookware, pantryware, spice racks, and bakeware; and tableware products comprising dinnerware, stemware, flatware, and giftware.