StockNews.com upgraded shares of Lakeland Industries (NASDAQ:LAKE – Free Report) from a sell rating to a hold rating in a report released on Thursday.
Separately, Roth Mkm lifted their target price on Lakeland Industries from $25.00 to $27.00 and gave the company a buy rating in a research note on Wednesday, July 3rd.
Read Our Latest Stock Report on Lakeland Industries
Lakeland Industries Trading Up 1.1 %
Lakeland Industries (NASDAQ:LAKE – Get Free Report) last issued its quarterly earnings data on Wednesday, September 4th. The medical instruments supplier reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.61). The business had revenue of $38.51 million during the quarter, compared to the consensus estimate of $41.10 million. Lakeland Industries had a return on equity of 3.70% and a net margin of 1.38%. During the same period last year, the firm earned $0.32 EPS. Equities analysts anticipate that Lakeland Industries will post 0.96 EPS for the current fiscal year.
Lakeland Industries Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were issued a $0.03 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.61%. Lakeland Industries’s dividend payout ratio is currently 16.00%.
Institutional Investors Weigh In On Lakeland Industries
Large investors have recently made changes to their positions in the stock. Inspire Advisors LLC acquired a new position in shares of Lakeland Industries in the second quarter valued at about $222,000. Hillsdale Investment Management Inc. boosted its holdings in shares of Lakeland Industries by 37.2% in the 1st quarter. Hillsdale Investment Management Inc. now owns 10,700 shares of the medical instruments supplier’s stock valued at $196,000 after acquiring an additional 2,900 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Lakeland Industries by 6.9% in the first quarter. Empowered Funds LLC now owns 10,873 shares of the medical instruments supplier’s stock worth $199,000 after acquiring an additional 700 shares during the period. Quadrature Capital Ltd purchased a new position in shares of Lakeland Industries during the fourth quarter worth $236,000. Finally, High Falls Advisors Inc lifted its position 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 valued at $447,000 after purchasing an additional 5,137 shares during the period. 71.69% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading
- Five stocks we like better than Lakeland Industries
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- Why Fastenal Stock Could Hit New Highs After Strong Q3 Results
- Energy and Oil Stocks Explained
- Why Eli Lilly Stock Is Soaring—and How It Plans to Stay on Top
- Market Cap Calculator: How to Calculate Market Cap
- 3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside
Receive News & Ratings for Lakeland Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lakeland Industries and related companies with MarketBeat.com's FREE daily email newsletter.