Lakeland Industries (NASDAQ:LAKE) CFO Roger Shannon Sells 8,869 Shares

Lakeland Industries, Inc. (NASDAQ:LAKE) CFO Roger Shannon sold 8,869 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $8.06, for a total value of $71,484.14. Following the completion of the sale, the chief financial officer owned 36,026 shares in the company, valued at approximately $290,369.56. The trade was a 19.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Lakeland Industries Stock Up 0.9%

NASDAQ:LAKE traded up $0.07 during trading hours on Thursday, reaching $8.26. The company’s stock had a trading volume of 246,211 shares, compared to its average volume of 149,468. The stock has a 50 day moving average price of $14.91 and a two-hundred day moving average price of $14.79. Lakeland Industries, Inc. has a 12 month low of $7.97 and a 12 month high of $27.28. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.48 and a current ratio of 3.83. The company has a market capitalization of $81.03 million, a P/E ratio of -1.88 and a beta of 1.33.

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

Lakeland Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 17th were given a $0.03 dividend. The ex-dividend date was Monday, November 17th. This represents a $0.12 annualized dividend and a dividend yield of 1.5%. Lakeland Industries’s dividend payout ratio (DPR) is -2.73%.

Institutional Investors Weigh In On Lakeland Industries

Large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its holdings 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 acquiring an additional 839 shares during the last quarter. Salem Investment Counselors Inc. acquired a new position in shares of Lakeland Industries in the 2nd quarter valued at $28,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Lakeland Industries in the 2nd quarter valued at approximately $31,000. Tripletail Wealth Management LLC bought a new position in shares of Lakeland Industries during the third quarter valued at $49,000. Finally, Bank of America Corp DE boosted its position in 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 buying an additional 2,736 shares in the last quarter. 71.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LAKE. DA Davidson reissued a “neutral” rating and issued a $14.00 target price (down from $20.00) on shares of Lakeland Industries in a research note on Wednesday, December 10th. Zacks Research lowered shares of Lakeland Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday. Weiss Ratings restated a “sell (d)” rating on shares of Lakeland Industries in a research report on Wednesday, October 8th. UBS Group set a $14.00 price target on Lakeland Industries in a report on Wednesday, December 10th. Finally, Lake Street Capital lowered their target price on Lakeland Industries from $26.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, December 10th. Two equities research 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.com, the company presently has a consensus rating of “Hold” and an average target price of $16.50.

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.