Lakeland Industries, Inc. (NASDAQ:LAKE - Get Free Report) insider Laurel A. Yartz bought 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 22nd. The stock was bought at an average price of $15.97 per share, with a total value of $15,970.00. Following the transaction, the insider now directly owns 14,721 shares in the company, valued at $235,094.37. This represents a 7.29 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Lakeland Industries Trading Up 1.8 %
Shares of NASDAQ:LAKE opened at $16.71 on Friday. The stock has a market capitalization of $158.73 million, a price-to-earnings ratio of -185.67 and a beta of 0.86. Lakeland Industries, Inc. has a 1-year low of $14.58 and a 1-year high of $27.28. The company has a 50 day moving average price of $19.62 and a 200 day moving average price of $21.60. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.77 and a current ratio of 4.23.
Lakeland Industries (NASDAQ:LAKE - Get Free Report) last released its quarterly earnings data on Wednesday, April 9th. The medical instruments supplier reported ($0.54) earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.97). The company had revenue of $46.60 million for the quarter, compared to the consensus estimate of $47.10 million. Lakeland Industries had a positive return on equity of 1.66% and a negative net margin of 0.42%. During the same period in the prior year, the business earned $0.72 earnings per share. On average, research analysts anticipate that Lakeland Industries, Inc. will post 0.48 EPS for the current fiscal year.
Lakeland Industries Dividend Announcement
The business also recently disclosed 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 of this dividend was Friday, February 14th. This represents a $0.12 annualized dividend and a yield of 0.72%. Lakeland Industries's payout ratio is presently -5.04%.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on LAKE. StockNews.com raised shares of Lakeland Industries to a "sell" rating in a research note on Wednesday. DA Davidson lowered their price target on Lakeland Industries from $28.00 to $23.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Finally, Lake Street Capital began coverage on Lakeland Industries in a report on Tuesday, March 11th. They issued a "buy" rating and a $30.00 price objective for the company. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.00.
Read Our Latest Analysis on Lakeland Industries
Institutional Trading of Lakeland Industries
A number of hedge funds have recently bought and sold shares of the company. IFP Advisors Inc acquired a new stake in shares of Lakeland Industries during the fourth quarter valued at approximately $36,000. Russell Investments Group Ltd. acquired a new position in Lakeland Industries in the 4th quarter worth approximately $160,000. Bank of America Corp DE grew its position in Lakeland Industries by 114.1% during the 4th quarter. Bank of America Corp DE now owns 7,657 shares of the medical instruments supplier's stock worth $196,000 after purchasing an additional 4,081 shares in the last quarter. Metis Global Partners LLC acquired a new stake in Lakeland Industries during the 4th quarter valued at $207,000. Finally, American Century Companies Inc. lifted its holdings in shares of Lakeland Industries by 16.3% in the fourth quarter. American Century Companies Inc. now owns 14,012 shares of the medical instruments supplier's stock valued at $358,000 after purchasing an additional 1,965 shares in the last quarter. 71.69% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading
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