Lakeland Industries, Inc. (NASDAQ:LAKE) CEO Acquires $13,140.00 in Stock

Lakeland Industries, Inc. (NASDAQ:LAKE - Get Free Report) CEO James M. Jenkins bought 1,000 shares of the company's stock in a transaction on Wednesday, June 18th. The shares were acquired at an average price of $13.14 per share, for a total transaction of $13,140.00. Following the transaction, the chief executive officer now directly owns 97,272 shares in the company, valued at $1,278,154.08. This trade represents a 1.04% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Lakeland Industries Trading Up 5.5%

NASDAQ:LAKE traded up $0.73 on Monday, reaching $14.03. The stock had a trading volume of 275,066 shares, compared to its average volume of 78,239. Lakeland Industries, Inc. has a 12-month low of $12.76 and a 12-month high of $27.28. The company has a market cap of $133.43 million, a price-to-earnings ratio of -4.66 and a beta of 1.13. The firm's fifty day moving average is $16.87 and its two-hundred day moving average is $20.56. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.88 and a quick ratio of 1.51.

Lakeland Industries (NASDAQ:LAKE - Get Free Report) last announced its quarterly earnings data on Monday, June 9th. The medical instruments supplier reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.68). The firm had revenue of $46.75 million for the quarter, compared to analysts' expectations of $48.84 million. Lakeland Industries had a negative net margin of 13.31% and a negative return on equity of 6.88%. During the same period in the previous year, the company posted $0.22 EPS. Equities analysts expect that Lakeland Industries, Inc. will post 0.48 EPS for the current fiscal year.

Lakeland Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend was Thursday, May 15th. Lakeland Industries's payout ratio is currently -3.99%.

Analysts Set New Price Targets

Several brokerages have weighed in on LAKE. Lake Street Capital set a $26.00 target price on shares of Lakeland Industries and gave the stock a "buy" rating in a research report on Tuesday, June 10th. DA Davidson cut 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. Finally, Wall Street Zen raised shares of Lakeland Industries to a "sell" rating in a research note on Wednesday, May 7th.

Hedge Funds Weigh In On Lakeland Industries

A number of hedge funds have recently made changes to their positions in the business. Private Capital Management LLC boosted its holdings in Lakeland Industries by 0.4% in the fourth quarter. Private Capital Management LLC now owns 1,007,391 shares of the medical instruments supplier's stock valued at $25,739,000 after purchasing an additional 4,092 shares during the last quarter. Royce & Associates LP lifted its position in shares of Lakeland Industries by 9.4% during the first quarter. Royce & Associates LP now owns 931,920 shares of the medical instruments supplier's stock worth $18,927,000 after purchasing an additional 79,940 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in Lakeland Industries by 3.8% in the first quarter. Pacific Ridge Capital Partners LLC now owns 297,962 shares of the medical instruments supplier's stock valued at $6,052,000 after buying an additional 10,992 shares during the last quarter. Ancora Advisors LLC increased its holdings in Lakeland Industries by 85.1% in the first quarter. Ancora Advisors LLC now owns 276,688 shares of the medical instruments supplier's stock valued at $5,620,000 after buying an additional 127,195 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Lakeland Industries by 1,720.2% during the first quarter. Russell Investments Group Ltd. now owns 114,017 shares of the medical instruments supplier's stock valued at $2,316,000 after buying an additional 107,753 shares in the last quarter. Hedge funds and other institutional investors own 71.69% of the company's stock.

About Lakeland Industries

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.