Lakeland Industries (NASDAQ:LAKE) Price Target Raised to $29.00

Lakeland Industries (NASDAQ:LAKE) had its target price increased by Roth Mkm from $27.00 to $29.00 in a report published on Tuesday,Benzinga reports. Roth Mkm currently has a buy rating on the medical instruments supplier’s stock.

Separately, StockNews.com lowered Lakeland Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th.

Lakeland Industries Price Performance

Shares of Lakeland Industries stock opened at $22.80 on Tuesday. The stock has a market capitalization of $168.86 million, a P/E ratio of -253.33 and a beta of 0.63. The business has a 50 day simple moving average of $21.25 and a two-hundred day simple moving average of $21.84. Lakeland Industries has a 12 month low of $15.10 and a 12 month high of $26.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.23 and a quick ratio of 2.00.

Lakeland Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 15th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Friday, November 15th. Lakeland Industries’s dividend payout ratio is currently -133.33%.

Institutional Investors Weigh In On Lakeland Industries

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Total Clarity Wealth Management Inc. purchased a new stake in Lakeland Industries in the 2nd quarter valued at $597,000. Empowered Funds LLC grew its holdings in shares of Lakeland Industries by 4.6% in the third quarter. Empowered Funds LLC now owns 12,129 shares of the medical instruments supplier’s stock valued at $244,000 after purchasing an additional 536 shares during the period. Inspire Advisors LLC acquired a new stake in Lakeland Industries during the second quarter worth about $222,000. Renaissance Technologies LLC raised its stake in Lakeland Industries by 2.7% during the second quarter. Renaissance Technologies LLC now owns 499,202 shares of the medical instruments supplier’s stock worth $11,452,000 after purchasing an additional 13,200 shares during the period. Finally, High Falls Advisors Inc boosted its holdings in Lakeland Industries by 35.8% in the 2nd quarter. High Falls Advisors Inc now owns 19,472 shares of the medical instruments supplier’s stock valued at $447,000 after purchasing an additional 5,137 shares during the last quarter. Institutional investors and hedge funds own 71.69% of the company’s stock.

Lakeland Industries Company Profile

Lakeland Industries, Inc manufactures and sells industrial protective clothing and accessories for the industrial and public protective clothing market worldwide. It offers firefighting and heat protective apparel to protect against fire; high-end chemical protective suits to provide protection from highly concentrated, toxic and/or lethal chemicals, and biological toxins; and limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks.