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

Lakeland Industries, Inc. (NASDAQ:LAKE) declared a quarterly dividend on Monday, November 3rd. Investors of record on Monday, November 17th will be given a dividend of 0.03 per share by the medical instruments supplier on Monday, November 24th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, November 17th.

Lakeland Industries has a payout ratio of 7.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Lakeland Industries to earn $1.66 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 7.2%.

Lakeland Industries Trading Down 0.3%

Lakeland Industries stock traded down $0.05 during midday trading on Tuesday, hitting $16.18. 7,010 shares of the stock were exchanged, compared to its average volume of 128,621. The company has a fifty day simple moving average of $15.49 and a two-hundred day simple moving average of $15.56. Lakeland Industries has a 52 week low of $12.76 and a 52 week high of $27.28. The stock has a market capitalization of $154.83 million, a PE ratio of -5.91 and a beta of 1.10. The company has a quick ratio of 1.41, a current ratio of 3.66 and a debt-to-equity ratio of 0.19.

Lakeland Industries (NASDAQ:LAKE) last released its quarterly earnings data on Wednesday, September 21st. The medical instruments supplier reported $0.36 earnings per share for the quarter. The business had revenue of $27.47 million for the quarter. Lakeland Industries had a negative net margin of 11.22% and a negative return on equity of 3.07%. Equities research analysts anticipate that Lakeland Industries will post 0.48 EPS for the current fiscal year.

Analysts Set New Price Targets

LAKE has been the topic of several research analyst reports. DA Davidson dropped their target price on shares of Lakeland Industries from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Wall Street Zen upgraded shares of Lakeland Industries from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Lakeland Industries in a report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Lakeland Industries from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.00.

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.