10 Best Home Appliance Stocks to Buy According to Analysts

3. Lifetime Brands, Inc. (NASDAQ:LCUT)

Analyst Upside: 94.59%

Lifetime Brands, Inc. (NASDAQ:LCUT) designs and sells branded kitchenware, tableware, and other home appliances and products. Its Kitchenware and Tableware product categories include products used to prepare, serve, and consume food. The Home Solutions category offers bath scales, thermal beverageware, weather and outdoor household products, and others. Its brand portfolio includes Farberware, KitchenAid, Taylor, KitchenCraft, Rabbit, Masterclass, and others.

The company delivered net sales of $183.8 million in fiscal Q3 2024, compared to $191.7 for the same period in the prior year. Its sales were affected by softness in end markets and delayed shipments.

Despite challenges in its operating environment, the company has a resilient business model in place that delivered steady gross margins in fiscal Q3 2024. It experienced strong market share growth across its categories in e-commerce during the quarter. Consolidated e-commerce sales increased to $86.3 million or 18.4% of total sales for the year-to-date period. US e-commerce sales also reported strong growth of 10.7% in fiscal Q3 year-over-year. The company ranks third on our list of the 10 best home appliance stocks to buy according to analysts.