Insider Selling: William Westerfield Unloads 1,850 Shares of Lifetime Brands Stock (LCUT)
Lifetime Brands (NASDAQ:LCUT) Director William Westerfield sold 1,850 shares of the company’s stock on the open market in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $15.50, for a total value of $28,675.00. Following the completion of the transaction, the director now directly owns 3,448 shares of the company’s stock, valued at approximately $53,444. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Imperial Capital raised their price target on shares of Lifetime Brands (NASDAQ:LCUT) from $15.00 to $17.00 in a research note to investors on Monday, August 12th. They now have an “outperform” rating on the stock.
Lifetime Brands (NASDAQ:LCUT) traded up 3.24% during mid-day trading on Monday, hitting $15.91. The stock had a trading volume of 19,988 shares. Lifetime Brands has a 1-year low of $9.00 and a 1-year high of $15.50. The stock’s 50-day moving average is $14.2 and its 200-day moving average is $13.25. The company has a market cap of $202.0 million and a price-to-earnings ratio of 11.01.
Lifetime Brands (NASDAQ:LCUT) last announced its earnings results on Thursday, August 8th. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.08 by $0.16. The company had revenue of $97.00 million for the quarter, compared to the consensus estimate of $100.60 million. On average, analysts predict that Lifetime Brands will post $1.22 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 15th. Investors of record on Friday, November 1st will be paid a dividend of $0.03 per share. This represents a $0.13 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Wednesday, October 30th.
Lifetime Brands, Inc designs, sources and sells branded kitchenware, tabletop and other products used in the home.
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