Investment analysts at Roth Mkm initiated coverage on shares of Lifetime Brands (NASDAQ:LCUT – Get Free Report) in a report issued on Friday, MarketBeat.com reports. The firm set a “buy” rating and a $5.00 price target on the stock. Roth Mkm’s price objective would suggest a potential upside of 48.10% from the stock’s current price.
LCUT has been the topic of several other research reports. Canaccord Genuity Group restated a “hold” rating and issued a $3.50 price target (down previously from $4.00) on shares of Lifetime Brands in a report on Monday, January 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Lifetime Brands in a report on Thursday, January 22nd. Finally, Zacks Research upgraded Lifetime Brands from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lifetime Brands has an average rating of “Hold” and a consensus price target of $4.83.
View Our Latest Stock Report on Lifetime Brands
Lifetime Brands Trading Up 0.2%
Shares of LCUT traded up $0.01 during trading hours on Friday, hitting $3.38. The company had a trading volume of 1,863 shares, compared to its average volume of 20,459. The stock’s 50 day moving average price is $3.83 and its 200 day moving average price is $3.79. Lifetime Brands has a 52-week low of $2.89 and a 52-week high of $5.78. The company has a quick ratio of 1.11, a current ratio of 2.71 and a debt-to-equity ratio of 1.03. The firm has a market cap of $76.50 million, a P/E ratio of -2.03, a P/E/G ratio of 0.54 and a beta of 1.30.
Institutional Investors Weigh In On Lifetime Brands
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Royce & Associates LP bought a new stake in Lifetime Brands during the 3rd quarter valued at $41,000. Qube Research & Technologies Ltd bought a new position in Lifetime Brands in the second quarter worth about $88,000. Arrowstreet Capital Limited Partnership bought a new stake in Lifetime Brands during the 3rd quarter valued at approximately $118,000. Jane Street Group LLC grew its holdings in shares of Lifetime Brands by 388.4% during the 4th quarter. Jane Street Group LLC now owns 51,795 shares of the company’s stock worth $205,000 after acquiring an additional 41,191 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Lifetime Brands in the 2nd quarter worth approximately $212,000. 40.62% of the stock is currently owned by institutional investors.
Lifetime Brands Company Profile
Lifetime Brands, Inc, through its subsidiaries, designs, sources, manufactures and distributes a broad portfolio of consumer products for the home. Headquartered in Garden City, New York, the company operates three primary business segments—Kitchenware, Tabletop & Home Décor and Tools & Storage—providing solutions for food preparation, cooking, serving and storage under both proprietary and licensed brand names.
In the Kitchenware segment, Lifetime Brands offers cookware, bakeware, cutlery and small electric appliances under brands such as Farberware and Chef’sChoice.
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