Lifetime Brands SVP Unloads $146,933 in Stock (LCUT)
Lifetime Brands (NASDAQ:LCUT) SVP Craig Phillips sold 8,508 shares of the stock on the open market in a transaction dated Friday, August 29th. The shares were sold at an average price of $17.27, for a total value of $146,933.16. Following the sale, the senior vice president now directly owns 668,354 shares in the company, valued at approximately $11,542,474. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Lifetime Brands (NASDAQ:LCUT) traded up 0.12% on Tuesday, hitting $17.22. The stock had a trading volume of 51,275 shares. Lifetime Brands has a 52 week low of $13.61 and a 52 week high of $19.95. The stock has a 50-day moving average of $17. and a 200-day moving average of $16.75. The company has a market cap of $234.2 million and a price-to-earnings ratio of 53.92.
Lifetime Brands (NASDAQ:LCUT) last released its earnings data 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. 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 0.87%. The ex-dividend date of this dividend 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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