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

Lakeland Industries, Inc. (NASDAQ:LAKEGet Free Report) declared a quarterly dividend on Thursday, February 1st, Zacks reports. Investors of record on Thursday, February 15th will be paid a dividend of 0.03 per share by the medical instruments supplier on Thursday, February 22nd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Wednesday, February 14th.

Lakeland Industries Stock Performance

Shares of LAKE stock opened at $17.79 on Monday. The stock’s 50 day simple moving average is $17.40 and its 200 day simple moving average is $15.70. Lakeland Industries has a twelve month low of $10.60 and a twelve month high of $19.66. The company has a market capitalization of $130.93 million, a price-to-earnings ratio of 20.69 and a beta of 0.48.

Lakeland Industries (NASDAQ:LAKEGet Free Report) last issued its quarterly earnings data on Thursday, December 7th. The medical instruments supplier reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.07. Lakeland Industries had a return on equity of 5.43% and a net margin of 5.38%. The business had revenue of $31.68 million for the quarter, compared to the consensus estimate of $30.90 million. During the same period last year, the business earned $0.19 EPS. On average, analysts forecast that Lakeland Industries will post 1.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on LAKE shares. TheStreet raised Lakeland Industries from a “c+” rating to a “b-” rating in a research note on Thursday, February 1st. StockNews.com raised Lakeland Industries from a “hold” rating to a “buy” rating in a report on Friday.

Read Our Latest Research Report on Lakeland Industries

Institutional Trading of Lakeland Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LAKE. Advisor Group Holdings Inc. grew its holdings in Lakeland Industries by 37.4% in the 1st quarter. Advisor Group Holdings Inc. now owns 9,874 shares of the medical instruments supplier’s stock valued at $190,000 after buying an additional 2,690 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Lakeland Industries by 2.6% in the 1st quarter. Bank of New York Mellon Corp now owns 38,910 shares of the medical instruments supplier’s stock valued at $747,000 after buying an additional 969 shares during the last quarter. American Century Companies Inc. acquired a new stake in Lakeland Industries in the 1st quarter valued at approximately $233,000. Bank of Montreal Can acquired a new stake in Lakeland Industries in the 1st quarter valued at approximately $253,000. Finally, Dimensional Fund Advisors LP grew its holdings in Lakeland Industries by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 542,606 shares of the medical instruments supplier’s stock valued at $10,413,000 after buying an additional 1,907 shares during the last quarter. Institutional investors and hedge funds own 73.48% of the company’s stock.

About Lakeland Industries

(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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Dividend History for Lakeland Industries (NASDAQ:LAKE)

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