Lifetime Brands (NASDAQ:LCUT) Stock Crosses Above 200 Day Moving Average of $7.71

Shares of Lifetime Brands, Inc. (NASDAQ:LCUT) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.71 and traded as high as $10.01. Lifetime Brands shares last traded at $9.48, with a volume of 87,021 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently issued reports on LCUT shares. DA Davidson lifted their price objective on shares of Lifetime Brands from $9.50 to $11.50 and gave the company a “buy” rating in a report on Monday, March 25th. TheStreet raised shares of Lifetime Brands from a “d+” rating to a “c-” rating in a report on Monday, March 11th. Finally, Canaccord Genuity Group lifted their price objective on shares of Lifetime Brands from $8.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, March 13th.

Lifetime Brands Stock Down 0.1 %

The company’s fifty day simple moving average is $9.87 and its 200-day simple moving average is $7.71. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.48 and a quick ratio of 1.24. The firm has a market capitalization of $206.76 million, a PE ratio of -24.31, a price-to-earnings-growth ratio of 0.94 and a beta of 1.35.

Lifetime Brands (NASDAQ:LCUT) last released its quarterly earnings results on Tuesday, March 12th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.03). Lifetime Brands had a positive return on equity of 4.84% and a negative net margin of 1.23%. The firm had revenue of $203.14 million during the quarter, compared to analysts’ expectations of $196.48 million. On average, analysts forecast that Lifetime Brands, Inc. will post 0.72 EPS for the current year.

Lifetime Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a $0.043 dividend. This represents a $0.17 annualized dividend and a yield of 1.81%. The ex-dividend date is Tuesday, April 30th. Lifetime Brands’s dividend payout ratio is currently -43.59%.

Institutional Investors Weigh In On Lifetime Brands

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Chemistry Wealth Management LLC acquired a new stake in shares of Lifetime Brands during the first quarter worth $235,000. Tower Research Capital LLC TRC lifted its position in Lifetime Brands by 489.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,255 shares of the company’s stock valued at $29,000 after purchasing an additional 3,533 shares during the period. Hillsdale Investment Management Inc. acquired a new position in Lifetime Brands during the fourth quarter valued at $180,000. Essex Investment Management Co. LLC acquired a new position in Lifetime Brands during the fourth quarter valued at $1,345,000. Finally, Legato Capital Management LLC acquired a new position in Lifetime Brands during the fourth quarter valued at $542,000. 40.62% of the stock is currently owned by institutional investors and hedge funds.

Lifetime Brands Company Profile

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.