Lakeland Industries (NASDAQ:LAKE) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Lakeland Industries, Inc. (NASDAQ:LAKE)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $22.36 and traded as high as $23.40. Lakeland Industries shares last traded at $23.29, with a volume of 64,757 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LAKE. Roth Mkm increased their price target on shares of 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 shares of Lakeland Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th.

Lakeland Industries Trading Up 1.0 %

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 firm has a market cap of $221.26 million, a P/E ratio of -258.78 and a beta of 0.62. The company’s 50 day simple moving average is $24.11 and its 200-day simple moving average is $22.36.

Lakeland Industries (NASDAQ:LAKE) last announced its quarterly earnings data on Thursday, December 5th. The medical instruments supplier reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.39). Lakeland Industries had a positive return on equity of 1.66% and a negative net margin of 0.42%. As a group, research analysts predict that Lakeland Industries, Inc. will post 0.48 earnings per share for the current fiscal year.

Lakeland Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Monday, February 17th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Friday, February 14th. Lakeland Industries’s dividend payout ratio (DPR) is presently -133.33%.

Insider Transactions at Lakeland Industries

In other Lakeland Industries news, COO An Hui acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were bought at an average cost of $22.00 per share, with a total value of $44,000.00. Following the completion of the acquisition, the chief operating officer now directly owns 53,912 shares in the company, valued at $1,186,064. This represents a 3.85 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nikki Hamblin acquired 1,590 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were acquired at an average cost of $22.00 per share, for a total transaction of $34,980.00. Following the completion of the acquisition, the director now owns 17,452 shares of the company’s stock, valued at $383,944. This trade represents a 10.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 11,208 shares of company stock valued at $253,520. 4.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lakeland Industries

Institutional investors have recently bought and sold shares of the business. Barclays PLC purchased a new position in Lakeland Industries during the third quarter valued at approximately $306,000. Geode Capital Management LLC increased its holdings in Lakeland Industries by 1.6% during the third quarter. Geode Capital Management LLC now owns 74,273 shares of the medical instruments supplier’s stock valued at $1,493,000 after buying an additional 1,177 shares during the period. Empowered Funds LLC increased its holdings in Lakeland Industries by 4.6% during the third quarter. Empowered Funds LLC now owns 12,129 shares of the medical instruments supplier’s stock valued at $244,000 after buying an additional 536 shares during the period. Diversified Investment Strategies LLC increased its holdings in Lakeland Industries by 30.0% during the fourth quarter. Diversified Investment Strategies LLC now owns 32,500 shares of the medical instruments supplier’s stock valued at $830,000 after buying an additional 7,500 shares during the period. Finally, Huntington National Bank purchased a new position in Lakeland Industries during the third quarter valued at approximately $41,000. 71.69% of the stock is owned by hedge funds and other institutional investors.

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.