Lakeland Industries, Inc. (NASDAQ:LAKE) Short Interest Down 29.7% in February

Lakeland Industries, Inc. (NASDAQ:LAKE - Get Free Report) was the recipient of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 149,300 shares, a decline of 29.7% from the February 13th total of 212,400 shares. Currently, 1.6% of the company's shares are sold short. Based on an average trading volume of 84,600 shares, the short-interest ratio is presently 1.8 days.

Lakeland Industries Stock Up 0.1 %

LAKE traded up $0.02 during trading on Thursday, hitting $19.00. The company had a trading volume of 160,817 shares, compared to its average volume of 55,395. The company has a market capitalization of $180.48 million, a PE ratio of -211.11 and a beta of 0.96. Lakeland Industries has a one year low of $15.10 and a one year high of $27.28. The firm's 50-day moving average price is $23.35 and its 200 day moving average price is $22.15. The company has a quick ratio of 1.77, a current ratio of 4.23 and a debt-to-equity ratio of 0.25.

Lakeland Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Monday, February 17th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.12 annualized dividend and a yield of 0.63%. Lakeland Industries's dividend payout ratio (DPR) is presently -133.33%.

Wall Street Analysts Forecast Growth

LAKE has been the subject of several research analyst reports. Lake Street Capital initiated coverage on shares of Lakeland Industries in a report on Tuesday, March 11th. They issued a "buy" rating and a $30.00 price target for the company. Roth Mkm boosted their price target on shares of Lakeland Industries from $27.00 to $29.00 and gave the company a "buy" rating in a report on Tuesday, December 17th.

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Insiders Place Their Bets

In other Lakeland Industries news, COO An Hui bought 2,000 shares of the stock in a transaction on Wednesday, January 22nd. The stock was purchased at an average price of $22.00 per share, with a total value of $44,000.00. Following the acquisition, the chief operating officer now owns 53,912 shares of the company's stock, valued at approximately $1,186,064. The trade was a 3.85 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James M. Jenkins bought 990 shares of the stock in a transaction on Monday, December 30th. The shares were acquired at an average cost of $25.35 per share, with a total value of $25,096.50. Following the acquisition, the chief executive officer now directly owns 990 shares in the company, valued at approximately $25,096.50. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 11,208 shares of company stock valued at $253,520. Company insiders own 4.20% of the company's stock.

Institutional Investors Weigh In On Lakeland Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC bought a new stake in Lakeland Industries during the 3rd quarter worth about $306,000. IFP Advisors Inc bought a new stake in Lakeland Industries during the 4th quarter worth about $36,000. Geode Capital Management LLC lifted its position in Lakeland Industries by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 74,273 shares of the medical instruments supplier's stock worth $1,493,000 after buying an additional 1,177 shares in the last quarter. First Eagle Investment Management LLC bought a new stake in Lakeland Industries during the 4th quarter worth about $571,000. Finally, Peapod Lane Capital LLC bought a new stake in Lakeland Industries during the 4th quarter worth about $2,018,000. 71.69% of the stock is owned by institutional investors.

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.