Lakeland Industries, Inc. (NASDAQ:LAKE) CFO Roger D. Shannon Buys 1,000 Shares

Lakeland Industries, Inc. (NASDAQ:LAKE) CFO Roger D. Shannon acquired 1,000 shares of Lakeland Industries stock in a transaction on Friday, January 24th. The shares were bought at an average cost of $23.23 per share, for a total transaction of $23,230.00. Following the completion of the purchase, the chief financial officer now directly owns 36,839 shares of the company’s stock, valued at $855,769.97. The trade was a 2.79 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Lakeland Industries Trading Down 0.3 %

LAKE opened at $22.73 on Monday. The stock has a market cap of $168.43 million, a price-to-earnings ratio of -252.56 and a beta of 0.60. The stock’s 50 day moving average price is $23.72 and its 200-day moving average price is $22.34. Lakeland Industries, Inc. has a one year low of $15.10 and a one year high of $27.28. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.77 and a current ratio of 4.23.

Lakeland Industries (NASDAQ:LAKE) last released its earnings results on Thursday, December 5th. The medical instruments supplier reported $0.01 EPS for the quarter, missing analysts’ consensus estimates 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 company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors 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 yield of 0.53%. Lakeland Industries’s dividend payout ratio (DPR) is currently -133.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. StockNews.com cut Lakeland Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Roth Mkm upped their target price on Lakeland Industries from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. 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 grew its stake in Lakeland Industries by 1.6% in the third quarter. Geode Capital Management LLC now owns 74,273 shares of the medical instruments supplier’s stock worth $1,493,000 after purchasing an additional 1,177 shares in the last quarter. Diversified Investment Strategies LLC grew its stake in Lakeland Industries by 30.0% in the fourth quarter. Diversified Investment Strategies LLC now owns 32,500 shares of the medical instruments supplier’s stock worth $830,000 after purchasing an additional 7,500 shares in the last quarter. High Falls Advisors Inc grew its stake in 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 worth $572,000 after purchasing an additional 9,000 shares in the last quarter. Finally, Barclays PLC purchased a new stake in Lakeland Industries during the third quarter worth $306,000. Institutional investors own 71.69% of the company’s stock.

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.