Expect Equity LLC Purchases Shares of 70,785 Lakeland Industries, Inc. (NASDAQ:LAKE)

Expect Equity LLC bought a new position in Lakeland Industries, Inc. (NASDAQ:LAKE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 70,785 shares of the medical instruments supplier's stock, valued at approximately $1,809,000. Expect Equity LLC owned about 0.75% of Lakeland Industries as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Royce & Associates LP lifted its stake in Lakeland Industries by 16.7% in the fourth quarter. Royce & Associates LP now owns 851,980 shares of the medical instruments supplier's stock worth $21,768,000 after acquiring an additional 121,760 shares during the period. Ancora Advisors LLC lifted its stake in Lakeland Industries by 112.5% in the fourth quarter. Ancora Advisors LLC now owns 149,493 shares of the medical instruments supplier's stock worth $3,820,000 after acquiring an additional 79,148 shares during the period. Susquehanna International Group LLP lifted its stake in Lakeland Industries by 261.9% in the fourth quarter. Susquehanna International Group LLP now owns 98,419 shares of the medical instruments supplier's stock worth $2,515,000 after acquiring an additional 71,224 shares during the period. Peapod Lane Capital LLC purchased a new stake in Lakeland Industries in the fourth quarter worth $2,018,000. Finally, Geode Capital Management LLC lifted its stake in Lakeland Industries by 1.6% in the third quarter. Geode Capital Management LLC now owns 74,273 shares of the medical instruments supplier's stock worth $1,493,000 after acquiring an additional 1,177 shares during the period. Hedge funds and other institutional investors own 71.69% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on LAKE shares. DA Davidson dropped their price target on Lakeland Industries from $28.00 to $23.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Lake Street Capital began coverage on Lakeland Industries in a research report on Tuesday, March 11th. They set a "buy" rating and a $30.00 price objective for the company. Finally, StockNews.com raised Lakeland Industries to a "sell" rating in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $27.00.

Lakeland Industries Stock Up 1.5%

Shares of LAKE traded up $0.28 during trading hours on Wednesday, hitting $18.56. The company had a trading volume of 63,216 shares, compared to its average volume of 63,496. The firm has a fifty day moving average price of $17.94 and a 200-day moving average price of $21.29. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.77 and a current ratio of 4.23. The stock has a market capitalization of $176.52 million, a price-to-earnings ratio of -206.22 and a beta of 1.10. Lakeland Industries, Inc. has a 52-week low of $14.58 and a 52-week high of $27.28.

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

Lakeland Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Thursday, May 15th. Lakeland Industries's dividend payout ratio is presently -5.04%.

Lakeland Industries 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.