According to Zacks, “Lifetime Brands is a leading designer, marketer and distributor of kitchenware, cutlery & cutting boards, bakeware & cookware, pantryware & spices, tabletop and bath accessories, marketing its products under various trade names, including Farberware, KitchenAid, Pfaltzgraff, Cuisinart, Hoffritz, Sabatier, Nautica, DBK-Daniel Boulud Kitchen, Joseph Abboud Environments, Roshco, Baker’s Advantage, Kamenstein, CasaModa, Kathy Ireland, and :USE. Lifetime’s products are distributed through almost every major retailer in the United States. “
LCUT has been the topic of a number of other reports. ValuEngine upgraded shares of Lifetime Brands from a sell rating to a hold rating in a research note on Wednesday, October 2nd. DA Davidson started coverage on shares of Lifetime Brands in a research note on Tuesday, October 15th. They set a neutral rating and a $9.00 price objective on the stock. Finally, TheStreet cut shares of Lifetime Brands from a c- rating to a d+ rating in a research note on Thursday, August 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a strong buy rating to the company. Lifetime Brands currently has an average rating of Hold and a consensus target price of $9.00.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp raised its position in Lifetime Brands by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 93,393 shares of the company’s stock worth $884,000 after acquiring an additional 1,471 shares in the last quarter. Rhumbline Advisers raised its position in Lifetime Brands by 9.6% in the third quarter. Rhumbline Advisers now owns 18,770 shares of the company’s stock worth $166,000 after acquiring an additional 1,649 shares in the last quarter. Northern Trust Corp raised its position in Lifetime Brands by 1.3% in the second quarter. Northern Trust Corp now owns 149,845 shares of the company’s stock worth $1,417,000 after acquiring an additional 1,864 shares in the last quarter. Teton Advisors Inc. raised its position in Lifetime Brands by 2.6% in the third quarter. Teton Advisors Inc. now owns 237,175 shares of the company’s stock worth $2,099,000 after acquiring an additional 6,000 shares in the last quarter. Finally, Olstein Capital Management L.P. raised its position in Lifetime Brands by 14.3% in the second quarter. Olstein Capital Management L.P. now owns 220,551 shares of the company’s stock worth $2,086,000 after acquiring an additional 27,551 shares in the last quarter. Institutional investors and hedge funds own 45.08% 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.
See Also: Liquidity
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