Lakeland Industries, Inc. (NASDAQ:LAKE) Announces $0.03 Quarterly Dividend

Lakeland Industries, Inc. (NASDAQ:LAKE) announced a quarterly dividend on Monday, February 3rd,RTT News reports. Stockholders 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 annualized dividend and a dividend yield of 0.53%.

Lakeland Industries Stock Performance

Shares of LAKE stock traded down $0.57 during trading hours on Monday, hitting $22.62. The company’s stock had a trading volume of 161,577 shares, compared to its average volume of 114,975. The company has a 50 day moving average of $23.97 and a 200 day moving average of $22.37. The stock has a market cap of $214.89 million, a PE ratio of -251.33 and a beta of 0.62. The company has a current ratio of 4.23, a quick ratio of 1.77 and a debt-to-equity ratio of 0.25. Lakeland Industries has a 12-month low of $15.10 and a 12-month high of $27.28.

Lakeland Industries (NASDAQ:LAKE) last released its quarterly earnings data on Thursday, December 5th. The medical instruments supplier reported $0.01 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, sell-side analysts forecast that Lakeland Industries will post 0.48 EPS for the current fiscal year.

Insider Transactions at Lakeland Industries

In other news, Director Nikki Hamblin acquired 2,220 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average price of $23.08 per share, with a total value of $51,237.60. Following the completion of the acquisition, the director now owns 15,862 shares of the company’s stock, valued at $366,094.96. This trade represents a 16.27 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO An Hui acquired 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was purchased at an average cost of $22.00 per share, with a total value of $44,000.00. Following the acquisition, the chief operating officer now directly owns 53,912 shares of the company’s stock, valued at $1,186,064. This trade represents a 3.85 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 11,208 shares of company stock valued at $253,520 over the last 90 days. 4.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on LAKE shares. StockNews.com downgraded shares of Lakeland Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Roth Mkm boosted their target price on shares of Lakeland Industries from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th.

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.