Lifetime Brands (NASDAQ:LCUT) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Lifetime Brands (NASDAQ:LCUT) from a hold rating to a sell rating in a report issued on Thursday morning, Zacks.com reports.

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. “

Separately, ValuEngine downgraded Lifetime Brands from a hold rating to a sell rating in a research report on Monday, June 3rd.

NASDAQ LCUT opened at $7.59 on Thursday. The stock’s 50-day simple moving average is $8.97 and its two-hundred day simple moving average is $9.36. Lifetime Brands has a twelve month low of $7.15 and a twelve month high of $12.40. The company has a quick ratio of 1.12, a current ratio of 2.67 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $160.69 million, a price-to-earnings ratio of 27.11, a PEG ratio of 0.83 and a beta of 1.28.

Lifetime Brands (NASDAQ:LCUT) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.22) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.08). Lifetime Brands had a negative net margin of 0.06% and a positive return on equity of 4.03%. The firm had revenue of $142.54 million for the quarter, compared to analysts’ expectations of $153.11 million. On average, equities analysts expect that Lifetime Brands will post 0.61 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were given a dividend of $0.043 per share. This is an increase from Lifetime Brands’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $0.17 dividend on an annualized basis and a yield of 2.27%. Lifetime Brands’s dividend payout ratio (DPR) is presently 60.71%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in Lifetime Brands by 2.9% in the fourth quarter. BlackRock Inc. now owns 874,261 shares of the company’s stock valued at $8,769,000 after purchasing an additional 24,494 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Lifetime Brands by 3.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,250,094 shares of the company’s stock worth $12,538,000 after acquiring an additional 40,757 shares during the period. Geode Capital Management LLC boosted its stake in shares of Lifetime Brands by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 118,701 shares of the company’s stock worth $1,190,000 after acquiring an additional 5,007 shares during the period. United Asset Strategies Inc. bought a new position in shares of Lifetime Brands during the 1st quarter worth approximately $173,000. Finally, Teton Advisors Inc. boosted its stake in shares of Lifetime Brands by 18.3% during the 1st quarter. Teton Advisors Inc. now owns 190,175 shares of the company’s stock worth $1,797,000 after acquiring an additional 29,478 shares during the period. Institutional investors and hedge funds own 45.26% of the company’s stock.

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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