Jeffrey Siegel, a director at Lifetime Brands Inc., sold 2,571 shares of common stock on August 20, 2026 for a total of $24,450 at $9.51 per share.
Following the transaction, Siegel retains direct holdings of 1,177,897 shares and an additional 1,010 shares held indirectly through a spouse. The company’s stock has posted significant gains, rising 145% over the past year and 182% over the last six months, according to data cited by InvestingPro.
Lifetime Brands reported adjusted earnings of $1.18 per share in the second quarter of 2026, exceeding expectations of a $0.22 loss per share. Revenue reached $141.57 million, surpassing the forecast of $136.26 million. The company attributed the profit increase in part to a one-time tariff refund.
Despite the positive financial results, Lifetime Brands continues to face challenges from soft consumer demand, which has prompted a cautious outlook for the remainder of the year. The company’s shares remain slightly undervalued with a price-to-earnings ratio of 6.51, according to InvestingPro’s Fair Value analysis.
