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Lifetime Brands (NASDAQ:LCUT) President Daniel Siegel sold 5,000 shares of the stock on the open market in a transaction dated Friday, August 8th. The stock was sold at an average price of $17.35, for a total transaction of $86,750.00. Following the completion of the transaction, the president now directly owns 291,863 shares in the company, valued at approximately $5,063,823. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Separately, analysts at Sidoti initiated coverage on shares of Lifetime Brands in a research note on Monday, July 21st. They set a “buy” rating on the stock.

Lifetime Brands (NASDAQ:LCUT) traded down 1.09% during mid-day trading on Tuesday, hitting $17.30. The stock had a trading volume of 33,815 shares. Lifetime Brands has a 52 week low of $13.50 and a 52 week high of $19.95. The stock’s 50-day moving average is $16.5 and its 200-day moving average is $16.54. The company has a market cap of $235.2 million and a price-to-earnings ratio of 54.83.

Lifetime Brands (NASDAQ:LCUT) last announced its earnings results on Tuesday, August 5th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by $0.14. The company had revenue of $115.30 million for the quarter, compared to the consensus estimate of $118.12 million. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. On average, analysts predict that Lifetime Brands will post $1.23 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, November 14th. Stockholders of record on Friday, October 31st will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Wednesday, October 29th.

Lifetime Brands, Inc designs, sources and sells branded kitchenware, tabletop and other products used in the home.

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