Lakeland Industries, Inc. (NASDAQ:LAKE) CFO Roger D. Shannon Buys 1,000 Shares

Lakeland Industries, Inc. (NASDAQ:LAKE) CFO Roger D. Shannon acquired 1,000 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was acquired at an average cost of $23.23 per share, with a total value of $23,230.00. Following the purchase, the chief financial officer now owns 36,839 shares of the company’s stock, valued at approximately $855,769.97. This trade represents a 2.79 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Lakeland Industries Stock Performance

NASDAQ LAKE opened at $22.73 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.23 and a quick ratio of 1.77. Lakeland Industries, Inc. has a 1-year low of $15.10 and a 1-year high of $27.28. The business has a 50 day simple moving average of $23.72 and a two-hundred day simple moving average of $22.33. The stock has a market capitalization of $168.43 million, a PE ratio of -252.56 and a beta of 0.60.

Lakeland Industries (NASDAQ:LAKE) last posted its earnings results on Thursday, December 5th. The medical instruments supplier reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.39). Lakeland Industries had a negative net margin of 0.42% and a positive return on equity of 1.66%. On average, research analysts predict that Lakeland Industries, Inc. will post 0.48 EPS for the current fiscal year.

Lakeland Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 15th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Friday, November 15th. Lakeland Industries’s dividend payout ratio is -133.33%.

Analysts Set New Price Targets

LAKE has been the subject of a number of research analyst reports. Roth Mkm increased their price objective on shares of Lakeland Industries from $27.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. StockNews.com cut shares of Lakeland Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Huntington National Bank purchased a new stake in Lakeland Industries during the third quarter valued at approximately $41,000. Empowered Funds LLC boosted its holdings in shares of Lakeland Industries by 4.6% in the 3rd quarter. Empowered Funds LLC now owns 12,129 shares of the medical instruments supplier’s stock worth $244,000 after purchasing an additional 536 shares during the period. Barclays PLC bought a new position in shares of Lakeland Industries during the 3rd quarter valued at approximately $306,000. High Falls Advisors Inc raised its holdings in Lakeland Industries by 35.8% during the 2nd quarter. High Falls Advisors Inc now owns 19,472 shares of the medical instruments supplier’s stock valued at $447,000 after buying an additional 5,137 shares during the period. Finally, Diversified Investment Strategies LLC lifted its position in 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 buying an additional 7,500 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.