Lifetime Brands (LCUT) Lowered to “Sell” at BidaskClub
Lifetime Brands (NASDAQ:LCUT) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Thursday.
Shares of Lifetime Brands (LCUT) traded up $0.10 on Thursday, hitting $17.00. 46,689 shares of the company traded hands, compared to its average volume of 18,512. The company has a market capitalization of $250.39, a P/E ratio of 13.63 and a beta of 0.95. The company has a quick ratio of 1.43, a current ratio of 3.31 and a debt-to-equity ratio of 0.62. Lifetime Brands has a 12 month low of $13.80 and a 12 month high of $21.20.
Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.30). The firm had revenue of $165.96 million for the quarter, compared to the consensus estimate of $173.53 million. Lifetime Brands had a net margin of 2.65% and a return on equity of 9.12%. Lifetime Brands’s revenue was down 2.4% on a year-over-year basis. During the same period last year, the business earned $0.52 EPS.
Large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC bought a new stake in Lifetime Brands in the 2nd quarter worth approximately $174,000. Wells Fargo & Company MN grew its position in Lifetime Brands by 53.9% in the 2nd quarter. Wells Fargo & Company MN now owns 10,281 shares of the company’s stock worth $186,000 after purchasing an additional 3,599 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Lifetime Brands in the 2nd quarter worth approximately $191,000. Alliancebernstein L.P. bought a new stake in Lifetime Brands in the 2nd quarter worth approximately $192,000. Finally, Nordea Investment Management AB bought a new stake in Lifetime Brands in the 2nd quarter worth approximately $220,000. 57.43% of the stock is owned by institutional investors and hedge funds.
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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