Lifetime Brands, Inc (LCUT): Ronald Shiftan , Vice Chairman of Board & COO of Lifetime Brands, Inc sold 6,532 shares on Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $14.83 per share for a total value of $96,860.41 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 1, 2016, Ronald Shiftan (Vice Chairman of Board & COO) sold 5,000 shares at $14.59 per share price.On Mar 21, 2016, Jeffrey Siegel (Chairman of the Board & CEO) sold 12,843 shares at $12.74 per share price.Also, On Dec 2, 2015, James Wells (EVP and Pres. of Kitchenware) sold 2,000 shares at $13.84 per share price.On Jun 18, 2015, Laurence Winoker (SVP- Finance, CFO & Treasurer) sold 1,962 shares at $15.00 per share price.
Lifetime Brands Inc: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in Lifetime Brands Inc which led to swings in the share price. The shares opened for trading at $14.52 and hit $15.1 on the upside , eventually ending the session at $15.04, with a gain of 3.16% or 0.46 points. The heightened volatility saw the trading volume jump to 49,598 shares. The 52-week high of the share price is $17.8 and the company has a market cap of $214 M . The 52-week low of the share price is at $11.29.
Company has been under the radar of several Street Analysts.Lifetime Brands Inc is Upgraded by Sidoti to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on May 23, 2016.Lifetime Brands Inc is Downgraded by Sidoti to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 21, 2016.
Lifetime Brands Inc. designs sources and sells branded kitchenware tableware and other products used in the home. The Company has three business segments: U.S. Wholesale which is the Company’s primary business that designs markets and distributes its products to retailers and distributors; International which operates certain business operations that are conducted outside the United States; and Retail Direct which markets and sells a limited selection of its products through its Pfaltzgraff Mikasa Built NY Fred & Friends and Lifetime Sterling Internet websites. The Company’s two categories of products include Kitchenware consisting of kitchen tools and gadgets cutlery cutting boards shears cookware and bakeware and Tableware consisting of dinnerware stemware flatware and giftware; and Home Solutions consisting of pantry ware spice racks thermal beverage ware food storage neoprene travel products and home decor.