Lifetime Brands President Daniel Siegel Sells 6,302 Shares (LCUT)
Lifetime Brands (NASDAQ:LCUT) President Daniel Siegel unloaded 6,302 shares of the company’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $17.50, for a total value of $110,285.00. Following the transaction, the president now directly owns 291,863 shares in the company, valued at approximately $5,107,603. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Lifetime Brands (NASDAQ:LCUT) traded up 0.56% during mid-day trading on Monday, hitting $17.94. 20,976 shares of the company’s stock traded hands. 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 $16.80 and its 200-day moving average is $16.57. The company has a market cap of $243.9 million and a P/E ratio of 55.92.
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 quarterly revenue 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 announced a quarterly dividend, which is scheduled for Friday, November 14th. Stockholders of record on Friday, October 31st will be paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Wednesday, October 29th.
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, Inc designs, sources and sells branded kitchenware, tabletop and other products used in the home.
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