Lifetime Brands President Sells $110,285 in Stock (LCUT)
Lifetime Brands (NASDAQ:LCUT) President Daniel Siegel unloaded 6,302 shares of the stock on the open market in a transaction dated Friday, August 15th. The shares were sold at an average price of $17.50, for a total transaction of $110,285.00. Following the completion of the transaction, the president now directly owns 291,863 shares of the company’s stock, valued at approximately $5,107,603. The sale was disclosed in a filing with the SEC, which is available at this link.
Lifetime Brands (NASDAQ:LCUT) traded down 1.57% during mid-day trading on Wednesday, hitting $17.54. The stock had a trading volume of 5,167 shares. Lifetime Brands has a one year low of $13.50 and a one year high of $19.95. The stock’s 50-day moving average is $16.90 and its 200-day moving average is $16.61. The company has a market cap of $238.5 million and a P/E ratio of 55.86.
Lifetime Brands (NASDAQ:LCUT) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.23) earnings per share for the quarter, missing the analysts’ 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. Lifetime Brands’s revenue was up 18.9% compared to the same quarter last year. Analysts expect that Lifetime Brands will post $1.23 EPS 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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