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Recommendations
Lifetime Brands growth accelerating as investments bear fruit, says DA Davidson » 08:17
06/11/21
06/11
08:17
06/11/21
08:17
LCUT

Lifetime Brands

$16.66 /

+ (+0.00%)

DA Davidson analyst Linda…

DA Davidson analyst Linda Bolton Weiser keeps her Buy rating and $20 price target on Lifetime Brands following her NDR with CEO Rob Kay. The analyst notes that the company's sales growth has accelerated to 35% in Q1 from 10%, and the management's forecast of 10%-11% growth in looks "conservative". Weiser adds that Lifetime Brands is "undervalued" considering the company's "strong management" and deleveraged balance sheet.

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LCUT Lifetime Brands
$16.66 /

+ (+0.00%)

12/17/20 DA Davidson
Lifetime Brands price target raised to $18 from $14 at DA Davidson
11/10/20 DA Davidson
Lifetime Brands upgraded to Buy from Neutral at DA Davidson
11/10/20 DA Davidson
Lifetime Brands upgraded to Buy from Neutral at DA Davidson
LCUT Lifetime Brands
$16.66 /

+ (+0.00%)

Conference/Events
Lifetime Brands management to meet virtually with DA Davidson » 04:55
06/10/21
06/10
04:55
06/10/21
04:55
LCUT

Lifetime Brands

$16.66 /

-0.32 (-1.88%)

Virtual Meeting to be…

Virtual Meeting to be held on June 10 hosted by DA Davidson.

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LCUT Lifetime Brands
$16.66 /

-0.32 (-1.88%)

12/17/20 DA Davidson
Lifetime Brands price target raised to $18 from $14 at DA Davidson
11/10/20 DA Davidson
Lifetime Brands upgraded to Buy from Neutral at DA Davidson
11/10/20 DA Davidson
Lifetime Brands upgraded to Buy from Neutral at DA Davidson
LCUT Lifetime Brands
$16.66 /

-0.32 (-1.88%)

Conference/Events
Lifetime Brands management to meet virtually with DA Davidson » 11:31
06/09/21
06/09
11:31
06/09/21
11:31
LCUT

Lifetime Brands

$16.67 /

-0.31 (-1.83%)

Virtual Meeting to be…

Virtual Meeting to be held on June 10 hosted by DA Davidson.

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LCUT Lifetime Brands
$16.67 /

-0.31 (-1.83%)

12/17/20 DA Davidson
Lifetime Brands price target raised to $18 from $14 at DA Davidson
11/10/20 DA Davidson
Lifetime Brands upgraded to Buy from Neutral at DA Davidson
11/10/20 DA Davidson
Lifetime Brands upgraded to Buy from Neutral at DA Davidson
LCUT Lifetime Brands
$16.67 /

-0.31 (-1.83%)

Over a quarter ago
Earnings
Lifetime Brands reports Q4 adjusted EPS 70c, two est. 56c » 07:44
03/10/21
03/10
07:44
03/10/21
07:44
LCUT

Lifetime Brands

$14.08 /

+0.26 (+1.88%)

Reports Q4 revenue…

Reports Q4 revenue $249.2M, two est. $237.06M. Robert Kay, Lifetime's CEO commented, "We are pleased with our performance in the fourth quarter, which represents another quarter driving significant value for shareholders. Our core U.S. business delivered its sixth consecutive quarter of year-over-year growth driven by increased demand in our kitchenware products. We outperformed in the majority of our categories in both pure play and omnichannel e-commerce, where there was strong demand, and we continue to gain market share across most of our channels. We also achieved meaningful progress in our international business during the fourth quarter, which demonstrated the benefits from the turnaround plan for this business unit that we began executing against in 2019. On a consolidated basis, Lifetime grew sales by nearly 10% in the quarter, which favorably compares to a strong quarter a year ago. Our strong fourth quarter results capped a truly transformative year for Lifetime Brands, and I'm incredibly proud of what our team accomplished in 2020. Despite the external challenges presented by the global pandemic, net income for the quarter was $15.2 million compared with a net loss of $(14.5) million for the prior period. Correspondingly, we generated $77.3 million in Consolidated Adjusted EBITDA in 2020, an increase of approximately 21% over 2019, by demonstrating strong top line growth and remaining focused on disciplined cost control, which has contributed to making our company a leaner organization. The combination of substantially higher cash flow from operations and a more disciplined approach to managing the balance sheet has allowed us to de-leverage Lifetime to our target levels, notwithstanding meaningful investments in higher inventory levels that we have made over the past six months in order to drive competitive advantage. We have now substantially achieved our Lifetime 2.0 objectives and look forward to driving continued growth and profitability as we enter the next phase of our strategic plan."

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LCUT Lifetime Brands
$14.08 /

+0.26 (+1.88%)

12/17/20 DA Davidson
Lifetime Brands price target raised to $18 from $14 at DA Davidson
11/10/20 DA Davidson
Lifetime Brands upgraded to Buy from Neutral at DA Davidson
11/10/20 DA Davidson
Lifetime Brands upgraded to Buy from Neutral at DA Davidson
Recommendations
Lifetime Brands price target raised to $18 from $14 at DA Davidson » 07:45
12/17/20
12/17
07:45
12/17/20
07:45
LCUT

Lifetime Brands

$15.11 /

+0.32 (+2.16%)

DA Davidson analyst Linda…

DA Davidson analyst Linda Bolton Weiser raised the firm's price target on Lifetime Brands to $18 from $14 and keeps a Buy rating on the shares following a non-deal roadshow event with its CEO Rob Kay. The analyst says the discussion boosted her confidence in the company's turnaround story over the long-term, stating that after two quarters of 4%-5% sales growth, she sees low-to-mid single digit as sustainable for the foreseeable future. Weiser is cutting her Q4 sales growth forecast to 5% from 10% to reflect the U.S. freight logjams, but also increases her modeled enterprise value to expected EBITDA multiple to 7-times from 6-times.

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LCUT Lifetime Brands
$15.11 /

+0.32 (+2.16%)

11/10/20 DA Davidson
Lifetime Brands upgraded to Buy from Neutral at DA Davidson
11/10/20 DA Davidson
Lifetime Brands upgraded to Buy from Neutral at DA Davidson
Conference/Events
Lifetime Brands management to meet virtually with DA Davidson » 04:55
12/16/20
12/16
04:55
12/16/20
04:55
LCUT

Lifetime Brands

$14.79 /

+0.24 (+1.65%)

Virtual Meeting to be…

Virtual Meeting to be held on December 16 hosted by DA Davidson.

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LCUT Lifetime Brands
$14.79 /

+0.24 (+1.65%)

11/10/20 DA Davidson
Lifetime Brands upgraded to Buy from Neutral at DA Davidson
11/10/20 DA Davidson
Lifetime Brands upgraded to Buy from Neutral at DA Davidson
Conference/Events
Lifetime Brands management to meet virtually with DA Davidson » 14:34
12/10/20
12/10
14:34
12/10/20
14:34
LCUT

Lifetime Brands

$14.20 /

-0.21 (-1.46%)

Virtual Meeting to be…

Virtual Meeting to be held on December 16 hosted by DA Davidson.

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LCUT Lifetime Brands
$14.20 /

-0.21 (-1.46%)

11/10/20 DA Davidson
Lifetime Brands upgraded to Buy from Neutral at DA Davidson
11/10/20 DA Davidson
Lifetime Brands upgraded to Buy from Neutral at DA Davidson
Upgrade
Lifetime Brands upgraded to Buy from Neutral at DA Davidson » 08:49
11/10/20
11/10
08:49
11/10/20
08:49
LCUT

Lifetime Brands

$10.50 /

+0.06 (+0.57%)

DA Davidson analyst Linda…

DA Davidson analyst Linda Bolton Weiser upgraded Lifetime Brands to Buy from Neutral with a price target of $14, up from $9.50. The analyst notes that the company has resolved its issues in the international business, having reported two consecutive quarters of 4%-5% sales growth. Bolton Weiser further cites Lifetime Brands now targeting annual revenue growth of 4% through 2024, driven partly by international growth and penetration of the commercial food service market.

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LCUT Lifetime Brands
$10.50 /

+0.06 (+0.57%)

11/10/20 DA Davidson
Lifetime Brands upgraded to Buy from Neutral at DA Davidson
LCUT Lifetime Brands
$10.50 /

+0.06 (+0.57%)

Upgrade
Lifetime Brands upgraded to Buy from Neutral at DA Davidson » 07:52
11/10/20
11/10
07:52
11/10/20
07:52
LCUT

Lifetime Brands

$10.50 /

+0.06 (+0.57%)

DA Davidson analyst Linda…

DA Davidson analyst Linda Bolton Weiser upgraded Lifetime Brands to Buy from Neutral with a $14 price target.

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LCUT Lifetime Brands
$10.50 /

+0.06 (+0.57%)

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