Lakeland Industries (LAKE) to Release Earnings on Wednesday

Lakeland Industries (NASDAQ:LAKE - Get Free Report) will likely be posting its quarterly earnings results 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. Persons interested in registering for the company's earnings conference call can do so using this link.

Lakeland Industries Stock Down 3.8 %

Lakeland Industries stock traded down $0.70 during midday trading on Friday, hitting $17.85. 202,388 shares of the stock were exchanged, compared to its average volume of 58,679. Lakeland Industries has a 52-week low of $15.10 and a 52-week high of $27.28. The company has a quick ratio of 1.77, a current ratio of 4.23 and a debt-to-equity ratio of 0.25. The business's 50-day moving average price is $22.00 and its 200-day moving average price is $22.04. The stock has a market capitalization of $169.56 million, a price-to-earnings ratio of -198.33 and a beta of 0.86.

Lakeland Industries Dividend Announcement

The company also recently announced 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 dividend yield of 0.67%. Lakeland Industries's dividend payout ratio is currently -133.33%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Roth Mkm increased their price target on 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 assumed coverage on Lakeland Industries in a research report on Wednesday, March 26th. They set a "buy" rating and a $28.00 target price for the company. Finally, Lake Street Capital started coverage on shares of Lakeland Industries in a report on Tuesday, March 11th. They issued a "buy" rating and a $30.00 price target on the stock. One analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Lakeland Industries has a consensus rating of "Moderate Buy" and an average price target of $28.25.

Insider Activity

In other Lakeland Industries news, COO An Hui purchased 2,000 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were bought at an average price of $22.00 per share, with a total value of $44,000.00. Following the completion of the transaction, the chief operating officer now directly owns 53,912 shares in the company, valued at approximately $1,186,064. This trade represents a 3.85 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Laurel A. Yartz acquired 2,272 shares of the business's stock in a transaction that occurred on Wednesday, January 22nd. The stock was acquired at an average cost of $22.00 per share, with a total value of $49,984.00. Following the completion of the acquisition, the insider now owns 9,772 shares in the company, valued at $214,984. This trade represents a 30.29 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 7,998 shares of company stock valued at $177,186 in the last 90 days. Insiders own 4.20% 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.