Wall Street Analysts See 116.05% Upside for Lifetime Brands: Here’s What You Need to Know

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Lifetime Brands ($NASDAQ:LCUT) is a global consumer products company that designs, sources, and markets a diverse portfolio of kitchenware, tabletop, and home décor products under a variety of well-known and respected brands. The company’s products are sold through a variety of channels, including department stores, specialty retailers, mass merchandisers, and e-commerce sites. Wall Street analysts are optimistic about the future of Lifetime Brands and have set a consensus price target of $11.27, which reflects an upside potential of 116.05% from its current price of $5.17. This reflects the confidence of analysts in the company’s ability to grow and capitalize on its diverse product offering and customer base. Lifetime Brands has been able to capitalize on the growth in the home décor market, thanks to the popularity of its products with both online and traditional retailers. Moreover, the company has continued to focus on developing innovative products and entering new markets, which has solidified its presence in the domestic and international markets.

The company has also made strategic acquisitions over the past few years, which have allowed Lifetime Brands to expand its portfolio and reach new customers. This strategy has enabled the company to diversify its revenue stream and remain competitive in the ever-changing retail landscape. Overall, Wall Street analysts are bullish on Lifetime Brands and believe that it will continue to capitalize on the growing demand for its products and its long-term growth potential. With a current price of $5.17 and a consensus price target of $11.27, investors may want to consider taking a position in Lifetime Brands shares in order to benefit from the upside potential.

Analysis

GoodWhale’s analysis of LIFETIME BRANDS reveals that the company is strong in asset and dividend, and medium in profitability. Growth is a bit weak compared to the other metrics, so investors should consider this when making decisions. Additionally, their health score is 8/10 in terms of cash flows and debt, indicating that the company is likely to be able to pay off its debts and fund future operations. After analyzing the fundamentals of LIFETIME BRANDS, we have classified it as a ‘cow’, meaning that the company has a track record of paying out consistent and sustainable dividends. This makes it an attractive option for investors looking for consistent income. The company also offers the potential for capital appreciation as growth increases, so investors looking for both income and capital gains could benefit from investing in LIFETIME BRANDS. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Lifetime Brands. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Lifetime Brands. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Lifetime Brands. More…

Key Ratios Snapshot

Some of the financial key ratios for Lifetime Brands are shown below. More…

Peers

In the highly competitive world of home improvement and furnishings, Lifetime Brands Inc has been pitted against some tough competition. Westwing Group SE, Howden Joinery Group PLC, and Bloom Dekor Ltd are all companies that offer similar products and services. Each company has its own unique selling points, which it uses to attract customers. In order to stay ahead of the competition, Lifetime Brands Inc has to continuously come up with new and innovative products and services that appeal to its target market. It is only through continuous innovation and excellent customer service that Lifetime Brands Inc will be able to maintain its position as a leading player in this industry.

– Westwing Group SE ($OTCPK:WTWGF)

Westwing Group SE is a German home and living e-commerce company headquartered in Munich. It offers a curated selection of home décor and furnishing products. The company operates in 11 countries: Austria, Belgium, Czech Republic, France, Germany, Italy, Netherlands, Poland, Portugal, Spain, and Switzerland. As of December 31, 2020, Westwing Group SE had 2,958 employees.

– Howden Joinery Group PLC ($LSE:HWDN)

Howden Joinery Group PLC is a British company that manufactures and sells kitchens, joinery and timber products. It has a market capitalization of £2.9 billion as of March 2021 and a return on equity of 28.49%. The company operates through two segments: Joinery and Timber. The Joinery segment manufactures and sells kitchens, joinery and related products through its Howdens brand in the United Kingdom, France, Belgium, the Netherlands and Ireland. The Timber segment manufactures and sells timber products, including flooring, decking, fencing and cladding, through its Timberland brand in the United Kingdom.

– Bloom Dekor Ltd ($BSE:526225)

Bekor Ltd is a publicly traded company with a market capitalization of 123.64M as of 2022. The company has a return on equity of -27.74%. Bekor Ltd is engaged in the business of manufacturing and selling decorative products. The company’s products include wallpapers, fabrics, and other home decor items.

Summary

Lifetime Brands Inc. is being predicted to have an upside of 116.05% for potential investors. Over the past four weeks, shares of the company have risen 3.6%, closing last trading session at $5.17. Analysts are recommending the stock as a solid investment opportunity, given its potential for growth and future success. Investors should consider the company’s financials, market trends, and competitors before making an investment decision.

However, with the right research and due diligence, Lifetime Brands could offer a lucrative return on investment in the coming years.