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Lifetime Brands (NASDAQ:LCUT) SVP Craig Phillips sold 13,499 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $17.26, for a total transaction of $232,992.74. Following the completion of the transaction, the senior vice president now directly owns 654,855 shares of the company’s stock, valued at approximately $11,302,797. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 1.92% on Wednesday, hitting $16.90. The stock had a trading volume of 16,709 shares. Lifetime Brands has a 1-year low of $13.61 and a 1-year high of $19.95. The stock has a 50-day moving average of $17.19 and a 200-day moving average of $16.81. The company has a market cap of $229.8 million and a price-to-earnings ratio of 54.01.

Lifetime Brands (NASDAQ:LCUT) last issued its quarterly earnings data 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 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 0.89%. The ex-dividend date 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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