Lakeland Industries, Inc. Declares Quarterly Dividend of $0.03 (NASDAQ:LAKE)

Lakeland Industries, Inc. (NASDAQ:LAKE) declared a quarterly dividend on Monday, February 3rd,RTT News reports. Investors of record on Monday, February 17th will be given a dividend of 0.03 per share by the medical instruments supplier on Monday, February 24th. This represents a $0.12 annualized dividend and a yield of 0.53%.

Lakeland Industries Stock Down 2.5 %

Shares of NASDAQ:LAKE opened at $22.62 on Tuesday. Lakeland Industries has a 12 month low of $15.10 and a 12 month high of $27.28. The company has a 50-day moving average price of $23.99 and a 200-day moving average price of $22.37. The company has a quick ratio of 1.77, a current ratio of 4.23 and a debt-to-equity ratio of 0.25.

Lakeland Industries (NASDAQ:LAKE) last released its quarterly earnings results 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%. Equities research analysts expect that Lakeland Industries will post 0.48 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on LAKE shares. Roth Mkm boosted their target price 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. StockNews.com lowered shares of Lakeland Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th.

Insiders Place Their Bets

In related news, insider Laurel A. Yartz acquired 2,272 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 $49,984.00. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Nikki Hamblin acquired 1,590 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The shares were purchased at an average cost of $22.00 per share, for a total transaction of $34,980.00. Following the completion of the purchase, the director now directly owns 17,452 shares of the company’s stock, valued at approximately $383,944. The trade was a 10.02 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 11,208 shares of company stock worth $253,520 in the last 90 days. 4.20% of the stock is owned by company insiders.

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.