Zacks: Lifetime Brands Inc (NASDAQ:LCUT) Given $9.00 Average Price Target by Brokerages

Shares of Lifetime Brands Inc (NASDAQ:LCUT) have been given an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Brokerages have set a twelve-month consensus price objective of $9.00 for the company and are forecasting that the company will post $1.00 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Lifetime Brands an industry rank of 220 out of 255 based on the ratings given to related companies.

Several research firms recently issued reports on LCUT. Zacks Investment Research downgraded Lifetime Brands from a “buy” rating to a “strong sell” rating in a research report on Wednesday, November 13th. ValuEngine raised Lifetime Brands from a “hold” rating to a “buy” rating in a research report on Friday, December 20th.

Lifetime Brands stock traded up $0.07 during mid-day trading on Friday, reaching $6.56. 10,400 shares of the company traded hands, compared to its average volume of 14,566. The firm’s fifty day moving average is $7.00 and its two-hundred day moving average is $7.38. The company has a market capitalization of $149.65 million, a price-to-earnings ratio of -6.76 and a beta of 1.26. Lifetime Brands has a fifty-two week low of $5.99 and a fifty-two week high of $10.74. The company has a debt-to-equity ratio of 1.87, a current ratio of 2.79 and a quick ratio of 1.21.

In related news, Director Michael J. Jeary sold 14,835 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $6.38, for a total value of $94,647.30. 44.70% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers increased its stake in shares of 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 during the period. UBS Group AG boosted its holdings in Lifetime Brands by 61.3% in the fourth quarter. UBS Group AG now owns 14,733 shares of the company’s stock valued at $102,000 after purchasing an additional 5,598 shares during the last quarter. Teton Advisors Inc. grew its position in Lifetime Brands by 2.6% during the 3rd quarter. Teton Advisors Inc. now owns 237,175 shares of the company’s stock worth $2,099,000 after purchasing an additional 6,000 shares during the period. Barclays PLC grew its position in Lifetime Brands by 100.8% during the 4th quarter. Barclays PLC now owns 12,087 shares of the company’s stock worth $84,000 after purchasing an additional 6,069 shares during the period. Finally, State Street Corp raised its stake in shares of Lifetime Brands by 3.5% during the 4th quarter. State Street Corp now owns 204,142 shares of the company’s stock valued at $1,419,000 after buying an additional 6,964 shares during the last quarter. 44.68% of the stock is owned by institutional investors.

Lifetime Brands Company Profile

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.

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