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.

In other Lifetime Brands news, Director Craig Phillips sold 3,753 shares of Lifetime Brands stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $17.04, for a total value of $63,951.12. Following the completion of the sale, the director now owns 647,561 shares of the company’s stock, valued at approximately $11,034,439.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 18,251 shares of company stock valued at $326,749. 21.82% of the stock is currently owned by insiders.

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.

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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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