Lakeland Industries, Inc. (NASDAQ:LAKE) Stock Position Raised by Ancora Advisors LLC

Ancora Advisors LLC raised its holdings in Lakeland Industries, Inc. (NASDAQ:LAKE - Free Report) by 112.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 149,493 shares of the medical instruments supplier's stock after purchasing an additional 79,148 shares during the quarter. Ancora Advisors LLC owned 1.57% of Lakeland Industries worth $3,820,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Barclays PLC acquired a new stake in shares of Lakeland Industries in the third quarter worth $306,000. First Eagle Investment Management LLC acquired a new stake in Lakeland Industries during the fourth quarter valued at approximately $571,000. IFP Advisors Inc bought a new stake in shares of Lakeland Industries in the 4th quarter valued at approximately $36,000. Geode Capital Management LLC lifted its stake in Lakeland Industries by 1.6% during the third quarter. Geode Capital Management LLC now owns 74,273 shares of the medical instruments supplier's stock worth $1,493,000 after purchasing an additional 1,177 shares during the last quarter. Finally, Peapod Lane Capital LLC acquired a new position in Lakeland Industries in the fourth quarter worth $2,018,000. Institutional investors and hedge funds own 71.69% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. DA Davidson decreased their price target on shares of Lakeland Industries from $28.00 to $23.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Lake Street Capital began coverage on Lakeland Industries in a report on Tuesday, March 11th. They set a "buy" rating and a $30.00 target price for the company. Finally, StockNews.com upgraded Lakeland Industries to a "sell" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $27.00.

Lakeland Industries Stock Performance

Lakeland Industries stock traded up $0.16 during mid-day trading on Friday, hitting $17.12. 30,393 shares of the company's stock traded hands, compared to its average volume of 62,851. Lakeland Industries, Inc. has a one year low of $14.58 and a one year high of $27.28. The company has a market cap of $162.62 million, a PE ratio of -190.22 and a beta of 1.10. The firm has a 50 day moving average price of $18.16 and a 200 day moving average price of $21.36. The company has a quick ratio of 1.77, a current ratio of 4.23 and a debt-to-equity ratio of 0.25.

Lakeland Industries (NASDAQ:LAKE - Get Free Report) last released its quarterly earnings results on Wednesday, April 9th. The medical instruments supplier reported ($0.54) EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.97). Lakeland Industries had a positive return on equity of 1.66% and a negative net margin of 0.42%. The company had revenue of $46.60 million for the quarter, compared to the consensus estimate of $47.10 million. During the same quarter last year, the firm posted $0.72 earnings per share. On average, equities analysts forecast that Lakeland Industries, Inc. will post 0.48 EPS for the current year.

Lakeland Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 15th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Thursday, May 15th. Lakeland Industries's payout ratio is currently -5.04%.

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.