Lakeland Industries, Inc. (NASDAQ:LAKE - Get Free Report) CEO James M. Jenkins purchased 1,136 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were bought at an average price of $22.00 per share, for a total transaction of $24,992.00. Following the completion of the acquisition, the chief executive officer now owns 66,830 shares in the company, valued at $1,470,260. This represents a 1.73 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Lakeland Industries Stock Performance
LAKE stock traded down $0.07 during trading on Friday, reaching $22.73. 197,838 shares of the stock were exchanged, compared to its average volume of 109,616. The stock has a 50 day simple moving average of $23.67 and a 200-day simple moving average of $22.33. The company has a current ratio of 4.23, a quick ratio of 1.77 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $168.43 million, a P/E ratio of -252.56 and a beta of 0.60. Lakeland Industries, Inc. has a twelve month low of $15.10 and a twelve month high of $27.28.
Lakeland Industries (NASDAQ:LAKE - Get Free Report) last released its quarterly earnings data on Thursday, December 5th. The medical instruments supplier reported $0.01 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, sell-side analysts anticipate that Lakeland Industries, Inc. will post 0.48 earnings per share for the current year.
Lakeland Industries Announces Dividend
The company also recently disclosed 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 of this dividend was Friday, November 15th. Lakeland Industries's payout ratio is -133.33%.
Institutional Investors Weigh In On Lakeland Industries
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Huntington National Bank acquired a new position in Lakeland Industries during the 3rd quarter worth about $41,000. Empowered Funds LLC lifted its stake in shares of Lakeland Industries by 4.6% during the third quarter. Empowered Funds LLC now owns 12,129 shares of the medical instruments supplier's stock valued at $244,000 after acquiring an additional 536 shares during the period. Barclays PLC bought a new position in Lakeland Industries in the third quarter valued at approximately $306,000. High Falls Advisors Inc lifted its stake in Lakeland Industries by 35.8% in the second quarter. High Falls Advisors Inc now owns 19,472 shares of the medical instruments supplier's stock valued at $447,000 after buying an additional 5,137 shares during the period. Finally, Diversified Investment Strategies LLC boosted its stake in Lakeland Industries by 30.0% during the 4th quarter. Diversified Investment Strategies LLC now owns 32,500 shares of the medical instruments supplier's stock worth $830,000 after acquiring an additional 7,500 shares during the last quarter. 71.69% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on LAKE. Roth Mkm raised their price objective on Lakeland Industries from $27.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. StockNews.com downgraded Lakeland Industries from a "hold" rating to a "sell" rating in a research report on Tuesday, October 29th.
View Our Latest Stock Report on Lakeland Industries
Lakeland Industries Company Profile
(
Get Free Report)
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.
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