Insider Buying: Lakeland Industries, Inc. (NASDAQ:LAKE) Insider Acquires 2,272 Shares of Stock

Lakeland Industries, Inc. (NASDAQ:LAKE) insider Laurel A. Yartz acquired 2,272 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The shares were bought at an average price of $22.00 per share, for a total transaction of $49,984.00. Following the completion of the transaction, the insider now owns 9,772 shares of the company’s stock, valued at approximately $214,984. This trade represents a 30.29 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Lakeland Industries Trading Down 0.3 %

LAKE opened at $22.73 on Friday. 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 stock’s 50 day moving average price is $23.72 and its 200-day moving average price is $22.33. Lakeland Industries, Inc. has a one year low of $15.10 and a one year high of $27.28. The stock has a market cap of $168.43 million, a price-to-earnings ratio of -252.56 and a beta of 0.60.

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 the consensus estimate 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, equities analysts forecast that Lakeland Industries, Inc. will post 0.48 EPS for the current year.

Lakeland Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 15th were given 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 (DPR) is -133.33%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Lakeland Industries

A number of hedge funds have recently added to or reduced their stakes in LAKE. Royce & Associates LP grew its stake in Lakeland Industries by 2.5% in the third quarter. Royce & Associates LP now owns 730,220 shares of the medical instruments supplier’s stock worth $14,677,000 after purchasing an additional 17,579 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of 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 buying an additional 1,177 shares during the period. Diversified Investment Strategies LLC increased its stake in shares of Lakeland Industries by 30.0% during the fourth quarter. Diversified Investment Strategies LLC now owns 32,500 shares of the medical instruments supplier’s stock valued at $830,000 after buying an additional 7,500 shares during the period. High Falls Advisors Inc raised its holdings in shares of Lakeland Industries by 46.2% in the third quarter. High Falls Advisors Inc now owns 28,472 shares of the medical instruments supplier’s stock valued at $572,000 after acquiring an additional 9,000 shares in the last quarter. Finally, Barclays PLC bought a new position in Lakeland Industries during the 3rd quarter worth about $306,000. 71.69% of the stock is currently owned by institutional investors.

About Lakeland Industries

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.