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

Lifetime Brands, Inc. (NASDAQ:LCUT) shares crossed 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 traded.

Wall Street Analyst Weigh In

A number of research firms recently commented on LCUT. Zacks Research raised Lifetime Brands from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. Roth Mkm reissued a “buy” rating and issued a $8.00 target price on shares of Lifetime Brands in a report on Monday, May 11th. Canaccord Genuity Group boosted their target price on shares of Lifetime Brands from $5.00 to $6.00 and gave the company a “hold” rating in a research report on Monday, May 11th. Finally, Wall Street Zen raised shares of Lifetime Brands from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 17th. One research 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $7.00.

Lifetime Brands Stock Performance

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 stock has a market cap of $195.60 million, a P/E ratio of -6.74, a PEG ratio of 0.83 and a beta of 1.00. The stock has a 50-day simple moving average of $8.06 and a 200-day simple moving average of $5.63.

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, beating analysts’ consensus estimates 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%. Research analysts forecast that Lifetime Brands, Inc. will post 0.73 earnings per share for the current year.

Lifetime Brands Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Ameriprise Financial Inc. boosted its holdings in shares of Lifetime Brands by 0.5% during the 3rd 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 in the last quarter. Bank of America Corp DE increased its holdings in Lifetime Brands by 39.0% in the 1st quarter. Bank of America Corp DE now owns 20,722 shares of the company’s stock worth $119,000 after purchasing an additional 5,809 shares in the last quarter. Empowered Funds LLC raised its position 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 stake in shares of Lifetime Brands by 3.8% during 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 in the last quarter. Finally, JB Capital Partners LP boosted its stake in shares of Lifetime Brands by 0.6% during 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 in the last quarter. 40.62% of the stock is currently owned by 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.