DA Davidson upgraded shares of Lakeland Industries (NASDAQ:LAKE - Free Report) to a strong-buy rating in a research report sent to investors on Tuesday morning,Zacks.com reports.
A number of other analysts also recently weighed in on the stock. Roth Mkm raised their price target on shares of Lakeland Industries from $27.00 to $29.00 and gave the stock a "buy" rating in a research report on Tuesday, December 17th. Lake Street Capital began coverage on shares of Lakeland Industries in a report on Tuesday, March 11th. They set a "buy" rating and a $30.00 price objective for the company. One research 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 company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $28.25.
Check Out Our Latest Analysis on Lakeland Industries
Lakeland Industries Stock Down 0.7 %
LAKE stock traded down $0.15 during trading on Tuesday, reaching $20.11. The stock had a trading volume of 14,652 shares, compared to its average volume of 57,171. The firm has a fifty day moving average price of $22.52 and a 200 day moving average price of $22.07. 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 $191.02 million, a P/E ratio of -223.61 and a beta of 0.96. Lakeland Industries has a 1-year low of $15.10 and a 1-year high of $27.28.
Lakeland Industries Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Monday, February 17th were issued a dividend of $0.03 per share. The ex-dividend date was Friday, February 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.60%. Lakeland Industries's dividend payout ratio (DPR) is -133.33%.
Insider Transactions at Lakeland Industries
In other Lakeland Industries news, insider Laurel A. Yartz bought 2,272 shares of the business's stock in a transaction on Wednesday, January 22nd. The shares were purchased at an average price of $22.00 per share, with a total value of $49,984.00. Following the completion of the acquisition, the insider now directly owns 9,772 shares of the company's stock, valued at approximately $214,984. The trade was a 30.29 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Nikki Hamblin purchased 1,590 shares of the company's 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 $34,980.00. Following the completion of the transaction, the director now directly owns 17,452 shares in the company, valued at approximately $383,944. This trade represents a 10.02 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 7,998 shares of company stock worth $177,186. 4.20% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of LAKE. Royce & Associates LP lifted its position in Lakeland Industries by 16.7% in the fourth quarter. Royce & Associates LP now owns 851,980 shares of the medical instruments supplier's stock worth $21,768,000 after purchasing an additional 121,760 shares during the period. Ancora Advisors LLC boosted its stake in Lakeland Industries by 112.5% during the fourth quarter. Ancora Advisors LLC now owns 149,493 shares of the medical instruments supplier's stock valued at $3,820,000 after buying an additional 79,148 shares in the last quarter. Peapod Lane Capital LLC acquired a new position in Lakeland Industries during the fourth quarter worth about $2,018,000. Susquehanna International Group LLP lifted its holdings in Lakeland Industries by 261.9% in the 4th quarter. Susquehanna International Group LLP now owns 98,419 shares of the medical instruments supplier's stock valued at $2,515,000 after acquiring an additional 71,224 shares during the last quarter. Finally, Expect Equity LLC bought a new position in shares of Lakeland Industries during the 4th quarter valued at about $1,809,000. 71.69% of the stock is owned by institutional investors and hedge funds.
About Lakeland Industries
(
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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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