Key Points
- COO An Hui purchased 2,000 shares on Jan. 9 at an average price of $8.97 (total $17,940), bringing his stake to 72,850 shares—about $653,465 and a 2.82% increase in his ownership.
- The stock has a market capitalization of $91.13 million, a negative P/E of -2.12, a 52‑week range of $7.77 to $27.28, and 50/200‑day moving averages of $12.13 and $13.95 respectively.
- Analysts are mixed with a consensus “Hold” and an average target of $16.50 amid recent downgrades and price-target cuts, while institutional investors own about 71.69% of the company.
Lakeland Industries, Inc. (NASDAQ:LAKE - Get Free Report) COO An Hui bought 2,000 shares of the business's stock in a transaction on Friday, January 9th. The shares were bought at an average price of $8.97 per share, for a total transaction of $17,940.00. Following the completion of the acquisition, the chief operating officer owned 72,850 shares of the company's stock, valued at approximately $653,464.50. This represents a 2.82% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.
Lakeland Industries Stock Performance
LAKE opened at $9.29 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.48 and a current ratio of 3.83. The company has a market cap of $91.13 million, a PE ratio of -2.12 and a beta of 1.29. The stock has a 50-day moving average of $12.13 and a 200-day moving average of $13.95. Lakeland Industries, Inc. has a 52-week low of $7.77 and a 52-week high of $27.28.
Lakeland Industries Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 17th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.12 dividend on an annualized basis and a yield of 1.3%. Lakeland Industries's dividend payout ratio is presently -2.73%.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on LAKE. Wall Street Zen cut shares of Lakeland Industries from a "hold" rating to a "strong sell" rating in a research note on Saturday, December 13th. Weiss Ratings reissued a "sell (d)" rating on shares of Lakeland Industries in a research report on Wednesday, October 8th. UBS Group set a $14.00 price target on shares of Lakeland Industries in a report on Wednesday, December 10th. Roth Capital dropped 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. Finally, DA Davidson reissued a "neutral" rating and set a $14.00 price objective (down previously from $20.00) on shares of Lakeland Industries in a research report on Wednesday, December 10th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $16.50.
Get Our Latest Analysis on LAKE
Institutional Investors Weigh In On Lakeland Industries
Hedge funds have recently made changes to their positions in the stock. Salvus Wealth Management LLC acquired a new stake in Lakeland Industries during the fourth quarter worth about $122,000. Proficio Capital Partners LLC lifted its position in shares of Lakeland Industries by 89.7% in the 3rd quarter. Proficio Capital Partners LLC now owns 20,580 shares of the medical instruments supplier's stock worth $305,000 after acquiring an additional 9,730 shares during the period. Private Capital Management LLC lifted its position in shares of Lakeland Industries by 1.2% in 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 acquiring an additional 14,415 shares during the period. Crawford Investment Counsel Inc. grew its holdings in shares of Lakeland Industries by 13.9% during the 3rd quarter. Crawford Investment Counsel Inc. now owns 208,398 shares of the medical instruments supplier's stock worth $3,084,000 after purchasing an additional 25,429 shares in the last quarter. Finally, Boothbay Fund Management LLC bought a new stake in shares of Lakeland Industries during the third quarter valued at approximately $192,000. Institutional investors own 71.69% of the company's stock.
Lakeland Industries Company Profile
(
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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