Lifetime Brands (LCUT) Rating Increased to Hold at BidaskClub

Lifetime Brands (NASDAQ:LCUT) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

Shares of Lifetime Brands (NASDAQ:LCUT) traded up $0.15 during mid-day trading on Friday, hitting $17.65. 58,067 shares of the stock traded hands, compared to its average volume of 34,375. The stock has a market capitalization of $254.85, a P/E ratio of 16.65 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 fifty-two week low of $13.80 and a fifty-two week high of $21.20.

Lifetime Brands (NASDAQ:LCUT) last announced its earnings results on Thursday, November 9th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.30). The firm had revenue of $165.96 million during the quarter, compared to analysts’ expectations 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 for the quarter was down 2.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.52 earnings per share.

In related news, Director Craig Phillips sold 1,900 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $17.01, for a total value of $32,319.00. Following the sale, the director now directly owns 657,276 shares of the company’s stock, valued at $11,180,264.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 18,251 shares of company stock worth $326,749 over the last ninety days. 21.82% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Northern Trust Corp raised its holdings in Lifetime Brands by 28.5% in the second quarter. Northern Trust Corp now owns 493,763 shares of the company’s stock valued at $8,961,000 after acquiring an additional 109,478 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Lifetime Brands by 7.4% in the second quarter. JPMorgan Chase & Co. now owns 381,560 shares of the company’s stock valued at $6,925,000 after acquiring an additional 26,360 shares in the last quarter. Vanguard Group Inc. raised its holdings in Lifetime Brands by 4.1% in the second quarter. Vanguard Group Inc. now owns 381,463 shares of the company’s stock valued at $6,924,000 after acquiring an additional 15,003 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Lifetime Brands by 0.6% in the second quarter. Ameriprise Financial Inc. now owns 235,900 shares of the company’s stock valued at $4,282,000 after acquiring an additional 1,300 shares in the last quarter. Finally, State Street Corp raised its holdings in Lifetime Brands by 4.6% in the second quarter. State Street Corp now owns 182,196 shares of the company’s stock valued at $3,307,000 after acquiring an additional 8,077 shares in the last quarter. 57.43% of the stock is currently owned by hedge funds and other institutional investors.

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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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