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

Lakeland Industries, Inc. (NASDAQ:LAKE) announced a quarterly dividend on Monday, February 3rd,RTT News reports. Shareholders 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 Performance

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

Lakeland Industries (NASDAQ:LAKE) last announced its quarterly earnings results on Thursday, December 5th. The medical instruments supplier reported $0.01 earnings per share (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%. Equities research analysts predict that Lakeland Industries will post 0.48 EPS for the current year.

Insider Activity

In related news, insider Laurel A. Yartz bought 2,272 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was bought at an average cost of $22.00 per share, with a total value of $49,984.00. Following the completion of the purchase, the insider now owns 9,772 shares in the company, valued at approximately $214,984. The trade was a 30.29 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Nikki Hamblin purchased 2,220 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average cost of $23.08 per share, with a total value of $51,237.60. Following the completion of the purchase, the director now owns 15,862 shares of the company’s stock, valued at $366,094.96. The trade was a 16.27 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 11,208 shares of company stock worth $253,520. 4.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on LAKE. Roth Mkm lifted their price target on shares of 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 report on Tuesday, October 29th.

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.