Zacks Research Upgrades Lifetime Brands (NASDAQ:LCUT) to “Strong-Buy”

Lifetime Brands (NASDAQ:LCUT) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Several other equities research analysts have also commented on LCUT. Weiss Ratings restated a “sell (d-)” rating on shares of Lifetime Brands in a research note on Thursday, January 22nd. Roth Mkm restated a “buy” rating and set a $8.00 price target on shares of Lifetime Brands in a research note on Monday, May 11th. Canaccord Genuity Group upped their price target on Lifetime Brands from $5.00 to $6.00 and gave the stock a “hold” rating in a research note on Monday, May 11th. Finally, Wall Street Zen upgraded Lifetime Brands from a “buy” rating to a “strong-buy” rating in a research note on Sunday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $7.00.

Lifetime Brands Stock Performance

Shares of NASDAQ:LCUT opened at $7.61 on Monday. The firm has a market capitalization of $173.89 million, a PE ratio of -5.99, a P/E/G ratio of 0.77 and a beta of 0.92. 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 business has a 50-day moving average of $6.05 and a two-hundred day moving average of $4.49. Lifetime Brands has a 12 month low of $2.90 and a 12 month high of $8.25.

Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.22. The company had revenue of $143.51 million during 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%. As a group, research analysts forecast that Lifetime Brands will post 0.73 earnings per share for the current year.

Institutional Investors Weigh In On Lifetime Brands

Several institutional investors and hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. boosted its holdings in Lifetime Brands by 0.5% in the third 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 during the last quarter. Bank of America Corp DE boosted its holdings in Lifetime Brands by 39.0% in the first quarter. Bank of America Corp DE now owns 20,722 shares of the company’s stock valued at $119,000 after purchasing an additional 5,809 shares during the last quarter. Empowered Funds LLC boosted its holdings in Lifetime Brands by 7.3% in the first 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 during the last quarter. Bridgeway Capital Management LLC boosted its holdings in Lifetime Brands by 3.8% in the third 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 during the last quarter. Finally, JB Capital Partners LP boosted its holdings in Lifetime Brands by 0.6% in the third quarter. JB Capital Partners LP now owns 1,587,852 shares of the company’s stock valued at $6,145,000 after purchasing an additional 10,000 shares during the last quarter. 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.