Roger Shannon Sells 8,869 Shares of Lakeland Industries (NASDAQ:LAKE) Stock

Key Points

  • CFO Roger Shannon sold 8,869 shares of Lakeland Industries on Dec. 16 at an average price of $8.06, trimming his holding by 19.75% to 36,026 shares and generating about $71,484 in proceeds (SEC filing).
  • Shares are trading near their 52‑week low (opened around $8.26 vs. a $7.97 low) for a company with an $81M market cap, negative PE and margins, and mixed analyst action — several firms cut targets while the consensus rating is "Hold" with a $16.50 target.

Lakeland Industries, Inc. (NASDAQ:LAKE - Get Free Report) CFO Roger Shannon sold 8,869 shares of Lakeland Industries stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $8.06, for a total value of $71,484.14. Following the sale, the chief financial officer owned 36,026 shares in the company, valued at $290,369.56. This trade represents a 19.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Lakeland Industries Stock Up 0.9%

Shares of NASDAQ LAKE opened at $8.26 on Friday. The business has a 50-day moving average price of $14.72 and a 200 day moving average price of $14.74. The stock has a market cap of $81.03 million, a PE ratio of -1.88 and a beta of 1.33. The company has a quick ratio of 1.48, a current ratio of 3.83 and a debt-to-equity ratio of 0.28. Lakeland Industries, Inc. has a 52-week low of $7.97 and a 52-week high of $27.28.

Lakeland Industries (NASDAQ:LAKE - Get Free Report) last issued its quarterly earnings data on Wednesday, September 21st. The medical instruments supplier reported $0.36 earnings per share for the quarter. The company had revenue of $27.47 million during the quarter. Lakeland Industries had a negative return on equity of 7.80% and a negative net margin of 19.41%. Equities research analysts forecast that Lakeland Industries, Inc. will post 0.48 earnings per share for the current year.

Lakeland Industries Dividend Announcement




The firm also recently declared a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Monday, November 17th were given a $0.03 dividend. The ex-dividend date was Monday, November 17th. This represents a $0.12 annualized dividend and a yield of 1.5%. Lakeland Industries's dividend payout ratio is -2.73%.

Analyst Ratings Changes

Several research analysts have issued reports on LAKE shares. Roth Capital lowered their price objective on shares of Lakeland Industries from $27.00 to $19.00 and set a "buy" rating on the stock in a research report on Wednesday, December 10th. DA Davidson reiterated a "neutral" rating and set a $14.00 target price (down previously from $20.00) on shares of Lakeland Industries in a research note on Wednesday, December 10th. Lake Street Capital lowered their price target on Lakeland Industries from $26.00 to $19.00 and set a "buy" rating on the stock in a report on Wednesday, December 10th. Wall Street Zen cut Lakeland Industries from a "hold" rating to a "strong sell" rating in a research report on Saturday, December 13th. Finally, Zacks Research cut Lakeland Industries from a "hold" rating to a "strong sell" rating in a research report on Tuesday. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $16.50.

Read Our Latest Research Report on LAKE

Institutional Trading of Lakeland Industries

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Royce & Associates LP raised its holdings in 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 in the last quarter. Private Capital Management LLC increased its position in Lakeland Industries by 1.2% during 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 purchasing an additional 14,415 shares during the period. Vanguard Group Inc. increased its position in Lakeland Industries by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 486,524 shares of the medical instruments supplier's stock worth $7,201,000 after purchasing an additional 10,764 shares during the period. First Eagle Investment Management LLC raised its stake 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 worth $3,794,000 after buying an additional 59,803 shares in the last quarter. Finally, Ancora Advisors LLC lifted its holdings in shares of Lakeland Industries by 85.1% in the 1st quarter. Ancora Advisors LLC now owns 276,688 shares of the medical instruments supplier's stock valued at $5,620,000 after buying an additional 127,195 shares during the period. Hedge funds and other institutional investors own 71.69% of the company's stock.

About Lakeland Industries

(Get Free Report)

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.

See Also

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