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

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

Lakeland Industries Price Performance

LAKE opened at $22.73 on Friday. Lakeland Industries, Inc. has a twelve month low of $15.10 and a twelve month high of $27.28. The company has a quick ratio of 1.77, a current ratio of 4.23 and a debt-to-equity ratio of 0.25. The company has a fifty day simple moving average of $23.72 and a 200 day simple moving average of $22.33.

Lakeland Industries (NASDAQ:LAKE) last announced its earnings results on Thursday, December 5th. The medical instruments supplier reported $0.01 earnings per share 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, sell-side analysts expect that Lakeland Industries, Inc. will post 0.48 EPS for the current year.

Lakeland Industries Dividend Announcement

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

Institutional Trading of Lakeland Industries

A number of hedge funds have recently made changes to their positions in LAKE. Royce & Associates LP increased its holdings 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 valued at $14,677,000 after buying an additional 17,579 shares during the last quarter. Barclays PLC acquired a new position in shares of Lakeland Industries in the 3rd quarter worth approximately $306,000. High Falls Advisors Inc grew its position in shares of Lakeland Industries by 46.2% in the 3rd quarter. High Falls Advisors Inc now owns 28,472 shares of the medical instruments supplier’s stock worth $572,000 after acquiring an additional 9,000 shares in the last quarter. Diversified Investment Strategies LLC increased its holdings in shares of Lakeland Industries by 30.0% in the 4th quarter. Diversified Investment Strategies LLC now owns 32,500 shares of the medical instruments supplier’s stock valued at $830,000 after acquiring an additional 7,500 shares during the last quarter. Finally, Huntington National Bank acquired a new stake in shares of Lakeland Industries during the 3rd quarter valued at approximately $41,000. Institutional investors and hedge funds own 71.69% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on LAKE. Roth Mkm increased their price target on Lakeland Industries from $27.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. StockNews.com downgraded Lakeland Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th.

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.