Lakeland Industries (LAKE) to Release Earnings on Wednesday

Lakeland Industries (NASDAQ:LAKE - Get Free Report) is anticipated to release its earnings data after the market closes on Wednesday, April 9th. Analysts expect Lakeland Industries to post earnings of $0.44 per share and revenue of $47.10 million for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Lakeland Industries Stock Performance

Shares of LAKE traded down $0.70 on Friday, reaching $17.85. 202,388 shares of the stock traded hands, compared to its average volume of 58,363. The stock's 50-day moving average price is $22.10 and its 200-day moving average price is $22.03. 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 $169.56 million, a price-to-earnings ratio of -198.33 and a beta of 0.96. Lakeland Industries has a 12 month low of $15.10 and a 12 month high of $27.28.

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 issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.67%. The ex-dividend date was Friday, February 14th. Lakeland Industries's dividend payout ratio (DPR) is presently -133.33%.

Insider Buying and Selling at Lakeland Industries

In other Lakeland Industries news, insider Laurel A. Yartz bought 2,272 shares of Lakeland Industries stock in a transaction dated Wednesday, January 22nd. The shares were acquired at an average cost of $22.00 per share, with a total value of $49,984.00. Following the acquisition, the insider now directly owns 9,772 shares of the company's stock, valued at $214,984. The trade was a 30.29 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO An Hui purchased 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 22nd. The shares were acquired at an average price of $22.00 per share, for a total transaction of $44,000.00. Following the completion of the transaction, the chief operating officer now owns 53,912 shares in the company, valued at $1,186,064. The trade was a 3.85 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 7,998 shares of company stock worth $177,186 over the last ninety days. Corporate insiders own 4.20% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LAKE. Roth Mkm lifted their target price on shares of Lakeland Industries from $27.00 to $29.00 and gave the company a "buy" rating in a research report on Tuesday, December 17th. DA Davidson began coverage on Lakeland Industries in a research note on Wednesday, March 26th. They issued a "buy" rating and a $28.00 price objective on the stock. Finally, Lake Street Capital initiated coverage on Lakeland Industries in a research report on Tuesday, March 11th. They set a "buy" rating and a $30.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Lakeland Industries presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.25.

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.