Lifetime Brands (NASDAQ:LCUT) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Lifetime Brands, Inc. (NASDAQ:LCUT) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.57 and traded as high as $9.41. Lifetime Brands shares last traded at $8.53, with a volume of 278,203 shares trading hands.

Wall Street Analyst Weigh In

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

Lifetime Brands Trading Down 5.0%

The company’s fifty day moving average is $7.99 and its 200-day moving average is $5.57. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.93 and a quick ratio of 1.26. The company has a market capitalization of $194.91 million, a PE ratio of -6.72, a price-to-earnings-growth ratio of 0.88 and a beta of 1.00.

Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.22. The business had revenue of $143.51 million for the quarter, compared to the consensus estimate 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, analysts anticipate that Lifetime Brands, Inc. will post 0.73 EPS for the current fiscal year.

Lifetime Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be given a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, July 31st. Lifetime Brands’s dividend payout ratio is presently -13.39%.

Hedge Funds Weigh In On Lifetime Brands

Several institutional investors and hedge funds have recently bought and sold shares of LCUT. Empowered Funds LLC increased its holdings in shares of Lifetime Brands by 7.3% during the first quarter. Empowered Funds LLC now owns 108,458 shares of the company’s stock valued at $535,000 after acquiring an additional 7,385 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in Lifetime Brands during the 2nd quarter worth approximately $88,000. Ameriprise Financial Inc. lifted its stake 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. Royce & Associates LP acquired a new stake in Lifetime Brands during the 3rd quarter valued at approximately $41,000. Finally, Teton Advisors LLC purchased a new stake in shares of Lifetime Brands in the 3rd quarter valued at $381,000. 40.62% of the stock is owned by hedge funds and other institutional investors.

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.