Lakeland Industries, Inc. (NASDAQ:LAKE) Insider Purchases $49,984.00 in Stock

Lakeland Industries, Inc. (NASDAQ:LAKE) insider Laurel A. Yartz bought 2,272 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were acquired at an average price of $22.00 per share, with a total value of $49,984.00. Following the completion of the acquisition, the insider now directly owns 9,772 shares in the company, valued at $214,984. This represents a 30.29 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Lakeland Industries Stock Performance

NASDAQ:LAKE opened at $22.73 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.23 and a quick ratio of 1.77. The firm has a market cap of $168.43 million, a PE ratio of -252.56 and a beta of 0.60. The firm has a 50 day simple moving average of $23.72 and a 200-day simple moving average of $22.34. Lakeland Industries, Inc. has a 1-year low of $15.10 and a 1-year high of $27.28.

Lakeland Industries (NASDAQ:LAKE) last issued its quarterly earnings results on Thursday, December 5th. The medical instruments supplier reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.39). Lakeland Industries had a negative net margin of 0.42% and a positive return on equity of 1.66%. On average, equities analysts expect that Lakeland Industries, Inc. will post 0.48 EPS for the current year.

Lakeland Industries Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on LAKE shares. Roth Mkm raised their price objective on shares of Lakeland Industries from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. StockNews.com cut Lakeland Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th.

Institutional Trading of Lakeland Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royce & Associates LP lifted its holdings in shares of Lakeland Industries by 2.5% during the 3rd quarter. Royce & Associates LP now owns 730,220 shares of the medical instruments supplier’s stock worth $14,677,000 after acquiring an additional 17,579 shares during the period. Geode Capital Management LLC raised its stake in Lakeland Industries by 1.6% during the third quarter. Geode Capital Management LLC now owns 74,273 shares of the medical instruments supplier’s stock worth $1,493,000 after purchasing an additional 1,177 shares during the period. Diversified Investment Strategies LLC raised its stake in Lakeland Industries by 30.0% during the fourth quarter. Diversified Investment Strategies LLC now owns 32,500 shares of the medical instruments supplier’s stock worth $830,000 after purchasing an additional 7,500 shares during the period. High Falls Advisors Inc boosted its holdings in shares of Lakeland Industries by 46.2% in the 3rd quarter. High Falls Advisors Inc now owns 28,472 shares of the medical instruments supplier’s stock valued at $572,000 after purchasing an additional 9,000 shares during the last quarter. Finally, Barclays PLC purchased a new stake in shares of Lakeland Industries during the 3rd quarter valued at $306,000. Hedge funds and other institutional investors own 71.69% of the company’s stock.

About Lakeland Industries

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.