Lakeland Industries (NASDAQ:LAKE) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of Lakeland Industries, Inc. (NASDAQ:LAKE) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $22.45 and traded as high as $25.13. Lakeland Industries shares last traded at $24.72, with a volume of 83,895 shares changing hands.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Roth Mkm upped their price objective on shares of Lakeland Industries from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. StockNews.com lowered shares of Lakeland Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th.

Lakeland Industries Stock Down 1.6 %

The business’s 50-day moving average price is $24.44 and its 200-day moving average price is $22.45. The company has a quick ratio of 1.77, a current ratio of 4.23 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $234.84 million, a PE ratio of -274.67 and a beta of 0.62.

Lakeland Industries (NASDAQ:LAKE) last posted 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%. As a group, equities research analysts predict that Lakeland Industries, Inc. will post 0.48 EPS for the current fiscal year.

Lakeland Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Monday, February 17th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.12 dividend on an annualized basis and a yield of 0.49%. Lakeland Industries’s dividend payout ratio is currently -133.33%.

Insider Buying and Selling

In other news, CEO James M. Jenkins acquired 990 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were purchased at an average price of $25.35 per share, for a total transaction of $25,096.50. Following the completion of the acquisition, the chief executive officer now owns 990 shares of the company’s stock, valued at approximately $25,096.50. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Laurel A. Yartz acquired 2,272 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was purchased at an average price of $22.00 per share, for a total transaction of $49,984.00. Following the acquisition, the insider now directly owns 9,772 shares of the company’s stock, valued at $214,984. The trade was a 30.29 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 11,208 shares of company stock worth $253,520. Insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Lakeland Industries

A number of hedge funds have recently added to or reduced their stakes in LAKE. Private Capital Management LLC grew its holdings in Lakeland Industries by 0.4% during the fourth quarter. Private Capital Management LLC now owns 1,007,391 shares of the medical instruments supplier’s stock valued at $25,739,000 after purchasing an additional 4,092 shares during the last quarter. Royce & Associates LP grew its holdings in Lakeland Industries by 16.7% during the fourth quarter. Royce & Associates LP now owns 851,980 shares of the medical instruments supplier’s stock valued at $21,768,000 after purchasing an additional 121,760 shares during the last quarter. Ancora Advisors LLC grew its holdings in Lakeland Industries by 112.5% during the fourth quarter. Ancora Advisors LLC now owns 149,493 shares of the medical instruments supplier’s stock valued at $3,820,000 after purchasing an additional 79,148 shares during the last quarter. Susquehanna International Group LLP grew its holdings in Lakeland Industries by 261.9% during the fourth quarter. Susquehanna International Group LLP now owns 98,419 shares of the medical instruments supplier’s stock valued at $2,515,000 after purchasing an additional 71,224 shares during the last quarter. Finally, Peapod Lane Capital LLC acquired a new position in Lakeland Industries during the fourth quarter valued at approximately $2,018,000. Institutional investors and hedge funds own 71.69% of the company’s stock.

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.