Lifetime Brands (NASDAQ:LCUT) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Lifetime Brands, Inc. (NASDAQ:LCUT) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.40 and traded as high as $8.72. Lifetime Brands shares last traded at $8.19, with a volume of 172,521 shares.

Analyst Upgrades and Downgrades

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

Lifetime Brands Price Performance

The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.26 and a current ratio of 2.93. The company’s fifty day simple moving average is $7.89 and its two-hundred day simple moving average is $5.40. The stock has a market capitalization of $187.14 million, a PE ratio of -6.45, a P/E/G ratio of 0.83 and a beta of 0.99.

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 the consensus estimate of ($0.18) by $0.22. The company had revenue of $143.51 million for the quarter, compared to the consensus estimate of $137.58 million. Lifetime Brands had a negative net margin of 4.22% and a positive return on equity of 8.01%. As a group, sell-side analysts predict that Lifetime Brands, Inc. will post 0.73 EPS for the current year.

Lifetime Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be paid a $0.0425 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $0.17 dividend on an annualized basis and a yield of 2.1%. Lifetime Brands’s dividend payout ratio is presently -13.39%.

Institutional Investors Weigh In On Lifetime Brands

A number of large investors have recently bought and sold shares of LCUT. Bank of America Corp DE increased its position in Lifetime Brands by 39.0% during the first quarter. Bank of America Corp DE now owns 20,722 shares of the company’s stock worth $119,000 after buying an additional 5,809 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Lifetime Brands by 14.3% in the first quarter. Renaissance Technologies LLC now owns 116,765 shares of the company’s stock valued at $670,000 after acquiring an additional 14,614 shares in the last quarter. JB Capital Partners LP lifted its position in shares of Lifetime Brands by 2.5% in the fourth quarter. JB Capital Partners LP now owns 1,627,852 shares of the company’s stock valued at $6,430,000 after acquiring an additional 40,000 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Lifetime Brands by 388.4% during the fourth quarter. Jane Street Group LLC now owns 51,795 shares of the company’s stock valued at $205,000 after acquiring an additional 41,191 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Lifetime Brands by 0.5% during the third quarter. Ameriprise Financial Inc. now owns 913,425 shares of the company’s stock valued at $3,535,000 after acquiring an additional 4,703 shares during the last quarter. Institutional investors and hedge funds own 40.62% of the company’s stock.

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.