Shares of Lifetime Brands, Inc. (NASDAQ:LCUT) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating. Lifetime Brands’ rating score has improved by 66.7% in the last three months as a result of various analysts’ ratings changes.
Brokerages have set a 12-month consensus price target of $19.00 for the company, according to Zacks. Zacks has also assigned Lifetime Brands an industry rank of 53 out of 265 based on the ratings given to related companies.
A number of equities analysts recently issued reports on LCUT shares. BidaskClub upgraded shares of Lifetime Brands from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 11th. Sidoti upgraded shares of Lifetime Brands from a “neutral” rating to a “buy” rating in a research report on Friday, May 26th.
A number of institutional investors have recently made changes to their positions in LCUT. Russell Investments Group Ltd. acquired a new position in shares of Lifetime Brands during the fourth quarter valued at about $345,000. State Street Corp boosted its position in shares of Lifetime Brands by 5.2% in the fourth quarter. State Street Corp now owns 166,994 shares of the company’s stock valued at $2,962,000 after buying an additional 8,258 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Lifetime Brands by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,212,232 shares of the company’s stock valued at $21,517,000 after buying an additional 3,991 shares during the period. Teachers Advisors LLC boosted its position in shares of Lifetime Brands by 9.7% in the fourth quarter. Teachers Advisors LLC now owns 16,979 shares of the company’s stock valued at $301,000 after buying an additional 1,502 shares during the period. Finally, Algert Global LLC acquired a new position in shares of Lifetime Brands during the first quarter valued at about $1,058,000. Hedge funds and other institutional investors own 55.49% of the company’s stock.
Lifetime Brands (LCUT) opened at 19.60 on Tuesday. The firm has a market capitalization of $285.67 million, a P/E ratio of 15.32 and a beta of 0.97. The stock has a 50 day moving average of $18.60 and a 200-day moving average of $17.79. Lifetime Brands has a 1-year low of $12.03 and a 1-year high of $21.20.
Lifetime Brands (NASDAQ:LCUT) last issued its earnings results on Tuesday, May 9th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.02. The company had revenue of $113.40 million during the quarter, compared to analysts’ expectations of $114.25 million. Lifetime Brands had a net margin of 3.14% and a return on equity of 10.81%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.24) EPS. On average, equities research analysts anticipate that Lifetime Brands will post $1.51 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be given a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Friday, July 28th. Lifetime Brands’s dividend payout ratio is 13.39%.
About Lifetime Brands
Lifetime Brands, Inc designs, sources and sells branded kitchenware, tableware and other products used in the home. The Company operates through three segments: U.S. Wholesale, International and Retail Direct. In the U.S. Wholesale segment, the Company designs, markets and distributes its products to retailers and distributors.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Lifetime Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lifetime Brands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.