Lifetime Brands SVP Unloads $108,939 in Stock (LCUT)
Lifetime Brands (NASDAQ:LCUT) SVP Craig Phillips unloaded 6,308 shares of Lifetime Brands stock on the open market in a transaction dated Thursday, August 28th. The stock was sold at an average price of $17.27, for a total transaction of $108,939.16. Following the sale, the senior vice president now directly owns 676,862 shares of the company’s stock, valued at approximately $11,689,407. The sale was disclosed in a document filed with the SEC, which is available at this link.
Lifetime Brands (NASDAQ:LCUT) traded up 1.69% on Friday, hitting $17.46. The stock had a trading volume of 17,508 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 $17.11 and its 200-day moving average is $16.73. The company has a market cap of $237.4 million and a P/E ratio of 53.82.
Lifetime Brands (NASDAQ:LCUT) last announced its earnings results on Tuesday, August 5th. The company reported ($0.23) EPS for the quarter, missing the Thomson Reuters 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. 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 0.87%. 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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