Lifetime Brands (LCUT) Upgraded to Hold by ValuEngine
Lifetime Brands stock opened at $9.32 on Monday. The stock has a market cap of $192.62 million, a PE ratio of 54.59 and a beta of 0.98. The company has a debt-to-equity ratio of 1.09, a current ratio of 3.76 and a quick ratio of 1.71. Lifetime Brands has a one year low of $8.01 and a one year high of $13.75.
Lifetime Brands (NASDAQ:LCUT) last announced its earnings results on Thursday, March 14th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.22). The company had revenue of $228.27 million during the quarter. Lifetime Brands had a negative net margin of 0.24% and a positive return on equity of 2.01%.
In related news, major shareholder Centre Partners V, L.P. bought 124,171 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was purchased at an average price of $9.41 per share, for a total transaction of $1,168,449.11. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders purchased a total of 248,342 shares of company stock valued at $2,345,140 in the last quarter. 41.70% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its position in Lifetime Brands by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,209,337 shares of the company’s stock valued at $13,182,000 after buying an additional 19,651 shares in the last quarter. Resources Investment Advisors Inc. acquired a new stake in Lifetime Brands in the 4th quarter valued at about $71,000. Teton Advisors Inc. lifted its holdings in Lifetime Brands by 13.6% in the 4th quarter. Teton Advisors Inc. now owns 160,697 shares of the company’s stock valued at $1,612,000 after acquiring an additional 19,246 shares during the last quarter. Weber Alan W acquired a new stake in Lifetime Brands in the 4th quarter valued at about $451,000. Finally, Boston Partners lifted its holdings in Lifetime Brands by 37.7% in the 4th quarter. Boston Partners now owns 137,969 shares of the company’s stock valued at $1,384,000 after acquiring an additional 37,791 shares during the last quarter. Hedge funds and other institutional investors own 46.93% of the company’s stock.
About Lifetime Brands
Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the United States and internationally. The company operates through two segments, U.S. and International. It offers kitchenware products, including kitchen tools and gadgets, cutlery, cutting boards, shears, cookware, pantryware, spice racks, and bakeware, as well as kitchen scales; and tableware products comprising dinnerware, stemware, flatware, and giftware.
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