Lifetime Brands (NASDAQ:LCUT) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Lifetime Brands, Inc. (NASDAQ:LCUT) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.01 and traded as high as $8.74. Lifetime Brands shares last traded at $8.73, with a volume of 83,708 shares.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LCUT. Wall Street Zen raised Lifetime Brands from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 17th. Zacks Research cut Lifetime Brands from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lifetime Brands in a report on Monday, July 6th. Canaccord Genuity Group boosted their price target on Lifetime Brands from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Monday, May 11th. Finally, Roth Capital increased their price target on Lifetime Brands from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Lifetime Brands currently has a consensus rating of “Hold” and a consensus target price of $8.00.

Lifetime Brands Stock Performance

The company has a market capitalization of $199.48 million, a price-to-earnings ratio of -6.87, a P/E/G ratio of 0.83 and a beta of 1.00. The company has a 50 day moving average price of $8.47 and a 200 day moving average price of $6.01. 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 posted its quarterly earnings results on Thursday, May 7th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.22. Lifetime Brands had a positive return on equity of 8.01% and a negative net margin of 4.22%.The business had revenue of $143.51 million for the quarter, compared to the consensus estimate of $137.58 million. Equities research analysts predict that Lifetime Brands, Inc. will post 0.73 earnings per share for the current fiscal year.

Lifetime Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be given a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, July 31st. Lifetime Brands’s dividend payout ratio is presently -13.39%.

Institutional Trading of Lifetime Brands

Hedge funds and other institutional investors have recently bought and sold shares of the business. Qube Research & Technologies Ltd acquired a new position in Lifetime Brands during the second quarter worth $88,000. Bank of America Corp DE increased its position in shares of 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 acquiring an additional 5,809 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Lifetime Brands during the third quarter worth about $118,000. Jane Street Group LLC raised its holdings in shares of Lifetime Brands by 388.4% in the 4th quarter. Jane Street Group LLC now owns 51,795 shares of the company’s stock worth $205,000 after acquiring an additional 41,191 shares during the last quarter. Finally, Empowered Funds LLC lifted its position 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 acquiring an additional 7,385 shares in the last quarter. 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.