Lakeland Industries, Inc. (NASDAQ:LAKE) Declares $0.03 Quarterly Dividend

Lakeland Industries, Inc. (NASDAQ:LAKE - Get Free Report) announced a quarterly dividend on Monday, February 3rd,RTT News reports. Shareholders of record on Monday, February 17th will be paid a dividend of 0.03 per share by the medical instruments supplier on Monday, February 24th. This represents a $0.12 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Friday, February 14th.

Lakeland Industries Stock Down 2.1 %

Shares of LAKE stock traded down $0.50 on Friday, hitting $23.07. The stock had a trading volume of 60,937 shares, compared to its average volume of 110,089. Lakeland Industries has a 52-week low of $15.10 and a 52-week high of $27.28. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.77 and a current ratio of 4.23. The firm has a market capitalization of $219.17 million, a price-to-earnings ratio of -256.33 and a beta of 0.62. The stock's 50 day moving average is $24.09 and its 200-day moving average is $22.38.

Lakeland Industries (NASDAQ:LAKE - Get Free Report) last announced its earnings results on Thursday, December 5th. The medical instruments supplier reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.39). Lakeland Industries had a positive return on equity of 1.66% and a negative net margin of 0.42%. As a group, research analysts expect that Lakeland Industries will post 0.48 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on LAKE shares. Roth Mkm lifted their price target 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 shares of Lakeland Industries from a "hold" rating to a "sell" rating in a research report on Tuesday, October 29th.

Insider Activity at Lakeland Industries

In other Lakeland Industries news, Director Nikki Hamblin bought 2,220 shares of the business's stock in a transaction on Monday, December 23rd. The shares were purchased at an average price of $23.08 per share, with a total value of $51,237.60. Following the completion of the acquisition, the director now directly owns 15,862 shares of the company's stock, valued at approximately $366,094.96. The trade was a 16.27 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO An Hui bought 2,000 shares of the firm's stock in a transaction on Wednesday, January 22nd. The stock was bought at an average price of $22.00 per share, with a total value of $44,000.00. Following the completion of the purchase, the chief operating officer now owns 53,912 shares of the company's stock, valued at $1,186,064. This trade represents a 3.85 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 11,208 shares of company stock valued at $253,520. Corporate insiders own 4.20% 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.