Key Points
- CEO James Jenkins purchased 1,127 shares on Jan. 5 at $8.88 each (~$10,007.76), raising his holdings to 94,565 shares (a 1.21% increase).
- Market snapshot: LAKE opened at $9.17 with a market cap of about $90M and a negative PE of -2.09, trading below its 50- and 200-day averages ($12.87 and $14.11) and within a one-year range of $7.77–$27.28.
- Analyst sentiment is mixed: the consensus rating is "Hold" with a $16.50 target after several firms cut price targets and ratings, and the company pays a small quarterly dividend ($0.03, ~1.3% yield).
Lakeland Industries, Inc. (NASDAQ:LAKE - Get Free Report) CEO James Jenkins purchased 1,127 shares of the business's stock in a transaction that occurred on Monday, January 5th. The stock was bought at an average price of $8.88 per share, with a total value of $10,007.76. Following the completion of the purchase, the chief executive officer owned 94,565 shares of the company's stock, valued at $839,737.20. This trade represents a 1.21% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Lakeland Industries Price Performance
Lakeland Industries stock opened at $9.17 on Tuesday. The firm has a market cap of $89.96 million, a PE ratio of -2.09 and a beta of 1.29. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.83 and a quick ratio of 1.48. The stock's fifty day moving average price is $12.87 and its two-hundred day moving average price is $14.11. 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 quarterly earnings results on Wednesday, September 21st. The medical instruments supplier reported $0.36 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 for the quarter. As a group, research analysts expect that Lakeland Industries, Inc. will post 0.48 EPS for the current fiscal 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 paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Monday, November 17th. Lakeland Industries's dividend payout ratio (DPR) is -2.73%.
Analyst Ratings Changes
A number of brokerages have weighed in on LAKE. Zacks Research downgraded Lakeland Industries from a "hold" rating to a "strong sell" rating in a report on Tuesday, December 16th. Roth Capital reduced their price objective on Lakeland Industries from $27.00 to $19.00 and set a "buy" rating on the stock in a research note on Wednesday, December 10th. Lake Street Capital lowered their target price on Lakeland Industries from $26.00 to $19.00 and set a "buy" rating for the company in a research note on Wednesday, December 10th. Weiss Ratings reissued a "sell (d)" rating on shares of Lakeland Industries in a report on Wednesday, October 8th. Finally, DA Davidson reaffirmed a "neutral" rating and set a $14.00 price target (down from $20.00) on shares of Lakeland Industries in a report on Wednesday, December 10th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $16.50.
Check Out Our Latest Analysis on Lakeland Industries
Institutional Trading of Lakeland Industries
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its stake in shares of 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 buying an additional 839 shares during the period. Salem Investment Counselors Inc. bought a new stake in Lakeland Industries during the 2nd quarter worth approximately $28,000. Police & Firemen s Retirement System of New Jersey bought a new stake in Lakeland Industries during the 2nd quarter worth approximately $31,000. Tripletail Wealth Management LLC acquired a new position in Lakeland Industries in the 3rd quarter valued at approximately $49,000. Finally, Bank of America Corp DE raised its stake in shares of Lakeland Industries by 189.9% during the second quarter. Bank of America Corp DE now owns 4,177 shares of the medical instruments supplier's stock valued at $57,000 after acquiring an additional 2,736 shares during the last quarter. 71.69% of the stock is currently owned by institutional investors.
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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