28-Mar-2024
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Lifetime Brands, Inc. Reports Fourth Quarter 2023 Financial Results
Globe Newswire (Tue, 12-Mar 7:00 AM ET)
Globe Newswire (Tue, 5-Mar 4:15 PM ET)
Lifetime Brands Inc is a U.S. based company that designs, sources, and sells branded kitchenware, tableware, and other products used in the home and markets its products under brands such as Farberware, KitchenAid, Mikasa, and others. The company markets and sells its products principally on a wholesale basis to retailers. It also markets and sells a limited selection of its products directly to consumers through its Pfaltzgraff, Mikasa, Fred, and Friends, Built NY, and others. Its products include kitchen tools, gadgets, cutlery, dinnerware, and glassware. The segments of the company are the U.S. and International. It derives a majority of its revenue from the U.S. segment. The company derives maximum revenue from Kitchenware products.
Lifetime Brands trades on the NASDAQ stock market under the symbol LCUT.
As of March 28, 2024, LCUT stock price climbed to $10.48 with 60,402 million shares trading.
LCUT has a beta of 0.24, meaning it tends to be less sensitive to market movements. LCUT has a correlation of 0.00 to the broad based SPY ETF.
LCUT has a market cap of $228.61 million. This is considered a Small Cap stock.
Last quarter Lifetime Brands reported $203 million in Revenue and $.29 earnings per share. This beat revenue expectation by $5 million and missed earnings estimates by -$.04.
In the last 3 years, LCUT stock traded as high as $19.93 and as low as $4.31.
The top ETF exchange traded funds that LCUT belongs to (by Net Assets): VTI, VXF, DES, DFAT, AVUV.
LCUT has outperformed the market in the last year with a price return of +87.5% while the SPY ETF gained +33.6%. LCUT has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +70.3% and +5.3%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
LCUT support price is $9.38 and resistance is $10.26 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LCUT stock will trade within this expected range on the day.