Lifetime Brands Now Covered by Sidoti (LCUT)
Investment analysts at Sidoti initiated coverage on shares of Lifetime Brands (NASDAQ:LCUT) in a note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Shares of Lifetime Brands (NASDAQ:LCUT) opened at 16.664 on Monday. Lifetime Brands has a 52 week low of $13.50 and a 52 week high of $19.95. The stock’s 50-day moving average is $15.99 and its 200-day moving average is $16.41. The company has a market cap of $224.7 million and a price-to-earnings ratio of 31.09.
Lifetime Brands (NASDAQ:LCUT) last released its earnings data on Thursday, May 1st. The company reported ($0.13) EPS for the quarter. Analysts expect that Lifetime Brands will post $1.30 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 15th. Investors of record on Friday, August 1st will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Wednesday, July 30th.
Separately, analysts at Canaccord Genuity cut their price target on shares of Lifetime Brands from $25.00 to $21.00 in a research note on Thursday, May 1st. They now have a “buy” rating on the stock.
Lifetime Brands, Inc designs, sources and sells branded kitchenware, tabletop and other products used in the home.
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