Lifetime Brands (NASDAQ:LCUT) Shares Pass Above 200-Day Moving Average – Time to Sell?

Lifetime Brands, Inc. (NASDAQ:LCUT)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.17 and traded as high as $9.50. Lifetime Brands shares last traded at $9.06, with a volume of 133,381 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on LCUT shares. Canaccord Genuity Group increased their target price on Lifetime Brands from $5.00 to $6.00 and gave the company a “hold” rating in a research report on Monday, May 11th. Zacks Research upgraded Lifetime Brands from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Wall Street Zen upgraded Lifetime Brands from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 17th. Finally, Roth Mkm reiterated a “buy” rating and set a $8.00 target price on shares of Lifetime Brands in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $7.00.

Lifetime Brands Price Performance

The stock has a market capitalization of $207.02 million, a PE ratio of -7.13, a price-to-earnings-growth ratio of 0.90 and a beta of 1.00. The stock’s 50 day moving average is $7.60 and its two-hundred day moving average is $5.17. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.26 and a current ratio of 2.93.

Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.22. The company had revenue of $143.51 million for the quarter, compared to analyst estimates of $137.58 million. Lifetime Brands had a positive return on equity of 8.01% and a negative net margin of 4.22%. On average, equities analysts anticipate that Lifetime Brands, Inc. will post 0.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its holdings in Lifetime Brands by 0.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 913,425 shares of the company’s stock valued at $3,535,000 after purchasing an additional 4,703 shares in the last quarter. Bridgeway Capital Management LLC lifted its holdings in Lifetime Brands by 3.8% in the 3rd quarter. Bridgeway Capital Management LLC now owns 243,414 shares of the company’s stock valued at $942,000 after purchasing an additional 8,820 shares in the last quarter. Empowered Funds LLC lifted its holdings in Lifetime Brands by 7.3% in the 1st quarter. Empowered Funds LLC now owns 108,458 shares of the company’s stock valued at $535,000 after purchasing an additional 7,385 shares in the last quarter. Jane Street Group LLC lifted its holdings in Lifetime Brands by 388.4% in the 4th quarter. Jane Street Group LLC now owns 51,795 shares of the company’s stock valued at $205,000 after purchasing an additional 41,191 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Lifetime Brands in the 3rd quarter valued at $118,000. Hedge funds and other institutional investors own 40.62% of the company’s stock.

Lifetime Brands Company Profile

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.