An Hui Buys 2,000 Shares of Lakeland Industries (NASDAQ:LAKE) Stock

Lakeland Industries, Inc. (NASDAQ:LAKE) COO An Hui purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, January 9th. The shares were purchased at an average cost of $8.97 per share, with a total value of $17,940.00. Following the completion of the purchase, the chief operating officer owned 72,850 shares in the company, valued at $653,464.50. This trade represents a 2.82% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Lakeland Industries Trading Up 5.6%

Lakeland Industries stock traded up $0.49 during midday trading on Monday, reaching $9.36. The stock had a trading volume of 146,665 shares, compared to its average volume of 184,196. The company has a quick ratio of 1.48, a current ratio of 3.83 and a debt-to-equity ratio of 0.28. The firm has a market cap of $91.86 million, a price-to-earnings ratio of -2.13 and a beta of 1.29. Lakeland Industries, Inc. has a 52-week low of $7.77 and a 52-week high of $27.28. The company has a fifty day moving average of $12.27 and a 200 day moving average of $13.98.

Lakeland Industries (NASDAQ:LAKE) last posted its quarterly earnings data on Wednesday, September 21st. The medical instruments supplier reported $0.36 earnings per share (EPS) for the quarter. The company had revenue of $27.47 million during the quarter. Lakeland Industries had a negative return on equity of 7.80% and a negative net margin of 19.41%. On average, analysts anticipate that Lakeland Industries, Inc. will post 0.48 earnings per share for the current fiscal year.

Lakeland Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 17th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.12 dividend on an annualized basis and a yield of 1.3%. Lakeland Industries’s payout ratio is -2.73%.

Analyst Upgrades and Downgrades

A number of research firms have commented on LAKE. Roth Capital cut their target price on shares of Lakeland Industries from $27.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, December 10th. UBS Group set a $14.00 price objective on shares of Lakeland Industries in a research note on Wednesday, December 10th. Zacks Research downgraded shares of Lakeland Industries from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 16th. Lake Street Capital decreased their price target on shares of Lakeland Industries from $26.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday, December 10th. Finally, Wall Street Zen lowered Lakeland Industries from a “hold” rating to a “strong sell” rating in a report on Saturday, December 13th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Lakeland Industries presently has a consensus rating of “Hold” and an average price target of $16.50.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LAKE. BNP Paribas Financial Markets lifted its position in shares of Lakeland Industries by 87.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,795 shares of the medical instruments supplier’s stock valued at $27,000 after buying an additional 839 shares in the last quarter. Salem Investment Counselors Inc. purchased a new position in Lakeland Industries in the 2nd quarter valued at about $28,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in Lakeland Industries in the 2nd quarter worth about $31,000. Tripletail Wealth Management LLC acquired a new position in shares of Lakeland Industries during the third quarter valued at approximately $49,000. Finally, Bank of America Corp DE lifted its position in shares of Lakeland Industries by 189.9% in the second quarter. Bank of America Corp DE now owns 4,177 shares of the medical instruments supplier’s stock valued at $57,000 after acquiring an additional 2,736 shares in the last quarter. 71.69% of the stock is owned by institutional investors and hedge funds.

Lakeland Industries Company Profile

Lakeland Industries, Inc (NASDAQ:LAKE) is a global provider of high-performance protective apparel and accessories designed to safeguard workers in industrial, healthcare, laboratory, and emergency response environments. The company’s expertise lies in producing garments that shield against chemical, biological, radiological, and thermal risks, supporting safety protocols in sectors such as oil and gas, petrochemicals, pharmaceuticals, and first responders.

The product portfolio encompasses both single-use and reusable solutions, including chemical protective coveralls, flame-resistant garments, arc flash clothing, medical isolation gowns, and cleanroom suits.