Lifetime Brands (NASDAQ:LCUT) Earns Buy Rating from Analysts at Roth Mkm

Roth Mkm initiated coverage on shares of Lifetime Brands (NASDAQ:LCUT) in a research report report published on Friday, Marketbeat Ratings reports. The firm issued a buy rating and a $5.00 price target on the stock.

A number of other brokerages also recently commented on LCUT. Canaccord Genuity Group reaffirmed a “hold” rating and set a $3.50 price target (down from $4.00) on shares of Lifetime Brands in a research report on Monday, January 26th. Zacks Research upgraded Lifetime Brands from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lifetime Brands in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $4.83.

Lifetime Brands Stock Up 1.5%

Lifetime Brands stock opened at $3.42 on Friday. Lifetime Brands has a fifty-two week low of $2.89 and a fifty-two week high of $5.78. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.11 and a current ratio of 2.71. The firm’s 50-day simple moving average is $3.81 and its 200 day simple moving average is $3.77. The stock has a market cap of $77.50 million, a PE ratio of -2.06, a price-to-earnings-growth ratio of 0.54 and a beta of 1.30.

Institutional Investors Weigh In On Lifetime Brands

Several institutional investors have recently added to or reduced their stakes in LCUT. RBF Capital LLC bought a new stake in shares of Lifetime Brands in the second quarter valued at approximately $2,054,000. Truffle Hound Capital LLC purchased a new position in Lifetime Brands in the 2nd quarter valued at approximately $904,000. Ameriprise Financial Inc. raised its holdings in Lifetime Brands by 16.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 908,722 shares of the company’s stock valued at $4,634,000 after acquiring an additional 130,650 shares during the period. JB Capital Partners LP lifted its position in shares of Lifetime Brands by 9.0% during the second quarter. JB Capital Partners LP now owns 1,577,852 shares of the company’s stock worth $7,968,000 after acquiring an additional 130,231 shares in the last quarter. Finally, Teton Advisors LLC bought a new position in shares of Lifetime Brands in the third quarter worth $381,000. 40.62% of the stock is owned by hedge funds and other institutional investors.

About Lifetime Brands

Lifetime Brands, Inc, through its subsidiaries, designs, sources, manufactures and distributes a broad portfolio of consumer products for the home. Headquartered in Garden City, New York, the company operates three primary business segments—Kitchenware, Tabletop & Home Décor and Tools & Storage—providing solutions for food preparation, cooking, serving and storage under both proprietary and licensed brand names.

In the Kitchenware segment, Lifetime Brands offers cookware, bakeware, cutlery and small electric appliances under brands such as Farberware and Chef’sChoice.