Lakeland Industries, Inc. (NASDAQ:LAKE) COO Purchases $44,000.00 in Stock

Lakeland Industries, Inc. (NASDAQ:LAKE) COO An Hui bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was bought at an average price of $22.00 per share, for a total transaction of $44,000.00. Following the completion of the acquisition, the chief operating officer now directly owns 53,912 shares in the company, valued at approximately $1,186,064. The trade was a 3.85 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Lakeland Industries Stock Performance

Shares of Lakeland Industries stock opened at $22.73 on Monday. Lakeland Industries, Inc. has a 12 month low of $15.10 and a 12 month high of $27.28. The company has a quick ratio of 1.77, a current ratio of 4.23 and a debt-to-equity ratio of 0.25. The stock has a market cap of $168.43 million, a PE ratio of -252.56 and a beta of 0.60. The business has a fifty day simple moving average of $23.72 and a 200-day simple moving average of $22.34.

Lakeland Industries (NASDAQ:LAKE) last announced its quarterly earnings data on Thursday, December 5th. The medical instruments supplier reported $0.01 EPS for the quarter, missing analysts’ consensus estimates 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%. On average, sell-side 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 Friday, November 22nd. Shareholders of record on Friday, November 15th were paid a $0.03 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.12 annualized dividend and a yield of 0.53%. Lakeland Industries’s dividend payout ratio is presently -133.33%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Roth Mkm lifted their price target on Lakeland Industries from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. StockNews.com downgraded shares of Lakeland Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th.

Institutional Investors Weigh In On Lakeland Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LAKE. Diversified Investment Strategies LLC increased its stake in shares of Lakeland Industries by 30.0% in the fourth quarter. Diversified Investment Strategies LLC now owns 32,500 shares of the medical instruments supplier’s stock worth $830,000 after acquiring an additional 7,500 shares during the last quarter. Barclays PLC acquired a new position in Lakeland Industries in the 3rd quarter worth about $306,000. Geode Capital Management LLC increased its position in Lakeland Industries by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 74,273 shares of the medical instruments supplier’s stock worth $1,493,000 after purchasing an additional 1,177 shares during the last quarter. High Falls Advisors Inc raised its stake in shares of Lakeland Industries by 46.2% during the 3rd quarter. High Falls Advisors Inc now owns 28,472 shares of the medical instruments supplier’s stock worth $572,000 after purchasing an additional 9,000 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of Lakeland Industries by 4.6% during 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 last quarter. Hedge funds and other 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.