Lakeland Industries, Inc. (NASDAQ:LAKE – Free Report) – Investment analysts at Roth Capital upped their FY2026 earnings per share (EPS) estimates for shares of Lakeland Industries in a note issued to investors on Tuesday, December 17th. Roth Capital analyst G. Sweeney now expects that the medical instruments supplier will earn $1.66 per share for the year, up from their prior estimate of $1.56. The consensus estimate for Lakeland Industries’ current full-year earnings is $0.51 per share.
A number of other analysts have also recently weighed in on the stock. Roth Mkm boosted their price objective on shares of Lakeland Industries from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday. StockNews.com lowered shares of Lakeland Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th.
Lakeland Industries Stock Up 0.4 %
LAKE opened at $22.80 on Friday. Lakeland Industries has a twelve month low of $15.10 and a twelve month high of $26.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.00 and a current ratio of 4.23. The business has a 50 day moving average price of $21.25 and a 200 day moving average price of $21.84. The firm has a market cap of $168.86 million, a P/E ratio of -253.33 and a beta of 0.63.
Lakeland Industries Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 15th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.12 annualized dividend and a dividend yield of 0.53%. Lakeland Industries’s payout ratio is -133.33%.
Institutional Investors Weigh In On Lakeland Industries
Several hedge funds have recently made changes to their positions in LAKE. Empowered Funds LLC increased its holdings in Lakeland Industries by 4.6% in the 3rd quarter. Empowered Funds LLC now owns 12,129 shares of the medical instruments supplier’s stock valued at $244,000 after buying an additional 536 shares during the period. Geode Capital Management LLC increased its stake in Lakeland Industries by 1.6% in the third quarter. Geode Capital Management LLC now owns 74,273 shares of the medical instruments supplier’s stock valued at $1,493,000 after acquiring an additional 1,177 shares during the period. Huntington National Bank acquired a new position in Lakeland Industries in the third quarter worth about $41,000. High Falls Advisors Inc lifted its stake in Lakeland Industries by 35.8% during the second quarter. High Falls Advisors Inc now owns 19,472 shares of the medical instruments supplier’s stock worth $447,000 after purchasing an additional 5,137 shares during the period. Finally, Inspire Advisors LLC acquired a new stake in Lakeland Industries during the second quarter valued at approximately $222,000. Institutional investors own 71.69% of the company’s stock.
Lakeland Industries Company Profile
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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