Key Points
- CRO Barry Phillips bought 1,250 shares on December 23 at an average price of $8.71 (total ~$10,888), raising his stake to 18,802 shares — a 7.12% increase — according to an SEC filing.
- LAKE shares opened at $8.64 and are trading well below their 50‑ and 200‑day moving averages ($13.64 and $14.27); the company has a market cap of ~$84.8M, a negative P/E and negative net margin, and a one‑year range of $7.77–$27.28.
- Analyst coverage is mixed (two Buys, one Hold, two Sells) with a consensus price target of $16.50, the company pays a small quarterly dividend ($0.03, ~1.4% yield), and institutional investors own about 71.7% of the stock.
Lakeland Industries, Inc. (NASDAQ:LAKE - Get Free Report) CRO Barry Phillips purchased 1,250 shares of the company's stock in a transaction dated Tuesday, December 23rd. The stock was bought at an average price of $8.71 per share, with a total value of $10,887.50. Following the completion of the transaction, the executive directly owned 18,802 shares of the company's stock, valued at approximately $163,765.42. This represents a 7.12% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Lakeland Industries Stock Performance
Shares of Lakeland Industries stock opened at $8.64 on Tuesday. The business's 50 day moving average price is $13.64 and its 200 day moving average price is $14.27. The company has a market cap of $84.76 million, a price-to-earnings ratio of -1.97 and a beta of 1.33. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.48 and a current ratio of 3.83. Lakeland Industries, Inc. has a one year low of $7.77 and a one year high of $27.28.
Lakeland Industries (NASDAQ:LAKE - Get Free Report) last issued its earnings results on Wednesday, September 21st. The medical instruments supplier reported $0.36 earnings per share (EPS) for the quarter. Lakeland Industries had a negative return on equity of 7.80% and a negative net margin of 19.41%.The company had revenue of $27.47 million during the quarter. On average, research analysts predict that Lakeland Industries, Inc. will post 0.48 EPS for the current year.
Lakeland Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Monday, November 17th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, November 17th. Lakeland Industries's dividend payout ratio (DPR) is presently -2.73%.
Institutional Trading of Lakeland Industries
Several institutional investors have recently added to or reduced their stakes in LAKE. BNP Paribas Financial Markets raised its position in Lakeland Industries by 87.8% in the third quarter. BNP Paribas Financial Markets now owns 1,795 shares of the medical instruments supplier's stock valued at $27,000 after purchasing an additional 839 shares during the period. Salem Investment Counselors Inc. acquired a new stake in shares of Lakeland Industries in the second quarter valued at $28,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Lakeland Industries in the 2nd quarter valued at $31,000. Tripletail Wealth Management LLC purchased a new stake in shares of Lakeland Industries in the 3rd quarter valued at $49,000. Finally, Bank of America Corp DE lifted its stake in Lakeland Industries by 189.9% during the 2nd quarter. Bank of America Corp DE now owns 4,177 shares of the medical instruments supplier's stock worth $57,000 after acquiring an additional 2,736 shares in the last quarter. Institutional investors and hedge funds own 71.69% of the company's stock.
Analysts Set New Price Targets
Several research firms have recently weighed in on LAKE. UBS Group set a $14.00 price target on shares of Lakeland Industries in a research note on Wednesday, December 10th. Roth Capital decreased their price objective on Lakeland Industries from $27.00 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 note on Saturday, December 13th. Lake Street Capital reduced their target price on Lakeland Industries from $26.00 to $19.00 and set a "buy" rating on the stock in a research report on Wednesday, December 10th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Lakeland Industries in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $16.50.
Check Out Our Latest Stock Analysis on LAKE
About Lakeland Industries
(
Get Free Report)
Lakeland Industries, Inc (NASDAQ:LAKE) is a global provider of high-performance protective apparel and accessories designed to safeguard workers in industrial, healthcare, laboratory, and emergency response environments. The company's expertise lies in producing garments that shield against chemical, biological, radiological, and thermal risks, supporting safety protocols in sectors such as oil and gas, petrochemicals, pharmaceuticals, and first responders.
The product portfolio encompasses both single-use and reusable solutions, including chemical protective coveralls, flame-resistant garments, arc flash clothing, medical isolation gowns, and cleanroom suits.
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