Lakeland Industries, Inc. (NASDAQ:LAKE - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $22.36 and traded as high as $23.40. Lakeland Industries shares last traded at $23.29, with a volume of 64,757 shares trading hands.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on LAKE. Roth Mkm boosted their target price 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 note on Tuesday, October 29th.
Check Out Our Latest Analysis on LAKE
Lakeland Industries Stock Down 1.9 %
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 firm has a market cap of $228.29 million, a price-to-earnings ratio of -267.00 and a beta of 0.62. The firm has a 50-day moving average of $24.24 and a two-hundred day moving average of $22.40.
Lakeland Industries (NASDAQ:LAKE - Get Free Report) last posted its quarterly earnings data on Thursday, December 5th. The medical instruments supplier reported $0.01 earnings per share for the quarter, missing the consensus estimate 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 predict that Lakeland Industries, Inc. will post 0.48 earnings per share for the current fiscal year.
Lakeland Industries Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Monday, February 17th will be given a dividend of $0.03 per share. The ex-dividend date is Friday, February 14th. This represents a $0.12 annualized dividend and a dividend yield of 0.50%. Lakeland Industries's dividend payout ratio is presently -133.33%.
Insider Buying and Selling at Lakeland Industries
In related news, insider Laurel A. Yartz bought 2,272 shares of the company's stock in a transaction dated 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 acquisition, the insider now owns 9,772 shares in the company, valued at approximately $214,984. This represents a 30.29 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Nikki Hamblin bought 1,590 shares of the company's stock in a transaction dated Wednesday, January 22nd. The stock was bought at an average cost of $22.00 per share, with a total value of $34,980.00. Following the completion of the acquisition, the director now owns 17,452 shares in the company, valued at $383,944. This represents a 10.02 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 11,208 shares of company stock valued at $253,520 in the last quarter. Corporate insiders own 4.20% of the company's stock.
Hedge Funds Weigh In On Lakeland Industries
A number of hedge funds have recently modified their holdings of LAKE. Royce & Associates LP raised its holdings in shares of Lakeland Industries by 16.7% in the 4th quarter. Royce & Associates LP now owns 851,980 shares of the medical instruments supplier's stock worth $21,768,000 after buying an additional 121,760 shares in the last quarter. Peapod Lane Capital LLC bought a new stake in Lakeland Industries during the 4th quarter worth approximately $2,018,000. Susquehanna International Group LLP grew its position in Lakeland Industries by 261.9% during the 4th quarter. Susquehanna International Group LLP now owns 98,419 shares of the medical instruments supplier's stock worth $2,515,000 after acquiring an additional 71,224 shares during the last quarter. First Eagle Investment Management LLC bought a new stake in Lakeland Industries during the 4th quarter worth approximately $571,000. Finally, Jane Street Group LLC bought a new stake in Lakeland Industries during the 4th quarter worth approximately $494,000. 71.69% of the stock is owned by institutional investors and hedge funds.
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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