Lakeland Industries, Inc. (LAKE) To Go Ex-Dividend on February 14th

Lakeland Industries, Inc. (NASDAQ:LAKE) declared a quarterly dividend on Monday, February 3rd,RTT News reports. Shareholders of record on Monday, February 17th will be given a dividend of 0.03 per share by the medical instruments supplier on Monday, February 24th. This represents a $0.12 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Friday, February 14th.

Lakeland Industries Trading Up 5.3 %

Shares of LAKE opened at $24.52 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.23 and a quick ratio of 1.77. Lakeland Industries has a 1 year low of $15.10 and a 1 year high of $27.28. The company’s 50-day simple moving average is $24.15 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 negative net margin of 0.42% and a positive return on equity of 1.66%. On average, research analysts forecast that Lakeland Industries will post 0.48 EPS for the current year.

Wall Street Analysts Forecast Growth

LAKE has been the subject of several analyst reports. Roth Mkm upped their price objective on Lakeland Industries from $27.00 to $29.00 and gave the stock a “buy” rating in a research 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.

Insider Buying and Selling

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

About Lakeland Industries

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.