James M. Jenkins Buys 1,136 Shares of Lakeland Industries, Inc. (NASDAQ:LAKE) Stock

Lakeland Industries, Inc. (NASDAQ:LAKE) CEO James M. Jenkins acquired 1,136 shares of Lakeland Industries stock in a transaction on Wednesday, January 22nd. The stock was purchased at an average cost of $22.00 per share, with a total value of $24,992.00. Following the purchase, the chief executive officer now directly owns 66,830 shares of the company’s stock, valued at approximately $1,470,260. This trade represents a 1.73 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Lakeland Industries Stock Performance

Shares of Lakeland Industries stock opened at $22.73 on Monday. The business’s fifty day simple moving average is $23.72 and its 200 day simple moving average is $22.34. The firm has a market capitalization of $168.43 million, a P/E ratio of -252.56 and a beta of 0.60. Lakeland Industries, Inc. has a 12 month low of $15.10 and a 12 month high of $27.28. The company has a current ratio of 4.23, a quick ratio of 1.77 and a debt-to-equity ratio of 0.25.

Lakeland Industries (NASDAQ:LAKE) last issued its earnings results on Thursday, December 5th. The medical instruments supplier reported $0.01 earnings per share (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%. As a group, analysts anticipate that Lakeland Industries, Inc. will post 0.48 EPS for the current year.

Lakeland Industries Announces Dividend

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

Institutional Trading of Lakeland Industries

Several hedge funds have recently made changes to their positions in LAKE. High Falls Advisors Inc raised its stake in shares of 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 purchasing an additional 5,137 shares during the period. Huntington National Bank bought a new stake in shares of Lakeland Industries during the 3rd quarter valued at $41,000. Royce & Associates LP raised its stake in shares of Lakeland Industries by 2.5% during the 3rd quarter. Royce & Associates LP now owns 730,220 shares of the medical instruments supplier’s stock valued at $14,677,000 after purchasing an additional 17,579 shares during the period. Empowered Funds LLC raised its stake in shares of Lakeland Industries by 4.6% during the 3rd quarter. Empowered Funds LLC now owns 12,129 shares of the medical instruments supplier’s stock valued at $244,000 after purchasing an additional 536 shares during the period. Finally, Barclays PLC bought a new stake in shares of Lakeland Industries during the 3rd quarter valued at $306,000. 71.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.