Insider Buying: Lakeland Industries (NASDAQ:LAKE) Insider Acquires $11,002.50 in Stock

Lakeland Industries, Inc. (NASDAQ:LAKE) insider Laurel Yartz purchased 1,350 shares of the business’s stock in a transaction on Monday, December 22nd. The stock was acquired at an average cost of $8.15 per share, with a total value of $11,002.50. Following the completion of the acquisition, the insider directly owned 15,826 shares in the company, valued at $128,981.90. The trade was a 9.33% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Lakeland Industries Stock Performance

Shares of LAKE opened at $8.74 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.83 and a quick ratio of 1.48. The firm’s 50 day moving average is $13.93 and its 200-day moving average is $14.40. Lakeland Industries, Inc. has a 12-month low of $7.77 and a 12-month high of $27.28. The stock has a market capitalization of $85.69 million, a P/E ratio of -1.99 and a beta of 1.33.

Lakeland Industries (NASDAQ:LAKE) last issued its earnings results on Wednesday, September 21st. The medical instruments supplier reported $0.36 earnings per share for the quarter. The firm had revenue of $27.47 million during the quarter. Lakeland Industries had a negative net margin of 19.41% and a negative return on equity of 7.80%. Equities research analysts anticipate 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. Investors of record on Monday, November 17th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, November 17th. Lakeland Industries’s payout ratio is presently -2.73%.

Institutional Trading of Lakeland Industries

A number of hedge funds have recently made changes to their positions in LAKE. Royce & Associates LP boosted its holdings in shares of Lakeland Industries by 10.0% during the third quarter. Royce & Associates LP now owns 1,178,670 shares of the medical instruments supplier’s stock worth $17,444,000 after purchasing an additional 107,100 shares during the period. Private Capital Management LLC lifted its position in Lakeland Industries by 1.2% in the 3rd quarter. Private Capital Management LLC now owns 1,169,488 shares of the medical instruments supplier’s stock worth $17,308,000 after buying an additional 14,415 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Lakeland Industries by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 486,524 shares of the medical instruments supplier’s stock valued at $7,201,000 after buying an additional 10,764 shares during the period. First Eagle Investment Management LLC grew its holdings in shares of Lakeland Industries by 27.3% during the 2nd quarter. First Eagle Investment Management LLC now owns 278,756 shares of the medical instruments supplier’s stock valued at $3,794,000 after acquiring an additional 59,803 shares in the last quarter. Finally, Ancora Advisors LLC increased its stake in shares of Lakeland Industries by 85.1% in the first quarter. Ancora Advisors LLC now owns 276,688 shares of the medical instruments supplier’s stock worth $5,620,000 after acquiring an additional 127,195 shares during the last quarter. 71.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LAKE has been the topic of a number of analyst reports. DA Davidson reissued a “neutral” rating and issued a $14.00 price target (down previously from $20.00) on shares of Lakeland Industries in a research note on Wednesday, December 10th. Zacks Research cut shares of Lakeland Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 16th. Wall Street Zen lowered shares of Lakeland Industries from a “hold” rating to a “strong sell” rating in a report on Saturday, December 13th. Lake Street Capital reduced 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, Weiss Ratings reiterated a “sell (d)” rating on shares of Lakeland Industries in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $16.50.

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.