DA Davidson Issues Pessimistic Forecast for Lifetime Brands (NASDAQ:LCUT) Stock Price

Lifetime Brands (NASDAQ:LCUT) had its target price lowered by DA Davidson from $6.75 to $6.00 in a research report released on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Separately, StockNews.com raised Lifetime Brands from a “hold” rating to a “buy” rating in a research note on Tuesday.

Lifetime Brands Stock Up 0.2 %

Shares of Lifetime Brands stock opened at $5.61 on Thursday. The stock has a 50-day moving average price of $5.44 and a 200 day moving average price of $5.89. The company has a market cap of $124.30 million, a P/E ratio of -5.67, a P/E/G ratio of 0.48 and a beta of 1.35. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.88. Lifetime Brands has a 1 year low of $4.70 and a 1 year high of $11.68.

Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings data on Thursday, March 13th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. The firm had revenue of $215.21 million during the quarter, compared to the consensus estimate of $206.60 million. Lifetime Brands had a positive return on equity of 3.13% and a negative net margin of 3.19%. As a group, analysts expect that Lifetime Brands will post 0.55 EPS for the current fiscal year.

Lifetime Brands Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st 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 3.03%. The ex-dividend date is Thursday, May 1st. Lifetime Brands’s dividend payout ratio (DPR) is presently -23.94%.

Institutional Investors Weigh In On Lifetime Brands

A number of hedge funds and other institutional investors have recently made changes to their positions in LCUT. Jane Street Group LLC acquired a new position in shares of Lifetime Brands during the 3rd quarter valued at about $67,000. Geode Capital Management LLC increased its holdings in shares of Lifetime Brands by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 294,291 shares of the company’s stock valued at $1,925,000 after acquiring an additional 11,118 shares during the last quarter. Barclays PLC increased its holdings in shares of Lifetime Brands by 38.7% during the 3rd quarter. Barclays PLC now owns 19,016 shares of the company’s stock valued at $124,000 after acquiring an additional 5,302 shares during the last quarter. JB Capital Partners LP increased its holdings in shares of Lifetime Brands by 13.0% during the 3rd quarter. JB Capital Partners LP now owns 940,814 shares of the company’s stock valued at $6,106,000 after acquiring an additional 108,193 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Lifetime Brands by 657.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 18,096 shares of the company’s stock valued at $118,000 after acquiring an additional 15,708 shares during the last quarter. 40.62% of the stock is owned by hedge funds and other institutional investors.

About Lifetime Brands

Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the worldwide. The company provides kitchenware products, including kitchen tools and gadgets, cutlery, kitchen scales, thermometers, cutting boards, shears, cookware, pantryware, spice racks, and bakeware; and tableware products comprising dinnerware, stemware, flatware, and giftware.