James M. Jenkins Acquires 1,000 Shares of Lakeland Industries, Inc. (NASDAQ:LAKE) 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 stock was bought at an average price of $13.14 per share, for a total transaction of $13,140.00. Following the completion of the purchase, the chief executive officer now directly owns 97,272 shares in the company, valued at approximately $1,278,154.08. This represents a 1.04% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Lakeland Industries Stock Up 2.9%

LAKE stock traded up $0.37 during trading on Friday, hitting $13.18. 311,934 shares of the company's stock traded hands, compared to its average volume of 77,271. The business has a fifty day simple moving average of $16.93 and a two-hundred day simple moving average of $20.66. The company has a quick ratio of 1.51, a current ratio of 3.88 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $125.33 million, a P/E ratio of -4.42 and a beta of 1.13. Lakeland Industries, Inc. has a 1 year low of $12.76 and a 1 year high of $27.28.

Lakeland Industries (NASDAQ:LAKE - Get Free Report) last announced its quarterly earnings results on Monday, June 9th. The medical instruments supplier reported ($0.41) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.68). The company had revenue of $46.75 million during 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 quarter in the prior year, the business posted $0.22 earnings per share. Sell-side analysts anticipate that Lakeland Industries, Inc. will post 0.48 EPS for the current year.

Lakeland Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were issued a $0.03 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.12 dividend on an annualized basis and a yield of 0.91%. Lakeland Industries's dividend payout ratio is presently -3.99%.

Analyst Upgrades and Downgrades

LAKE has been the topic of several research analyst reports. Lake Street Capital set a $26.00 price objective on Lakeland Industries and gave the stock a "buy" rating in a research note on Tuesday, June 10th. DA Davidson cut their price target on Lakeland Industries from $28.00 to $23.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Finally, Wall Street Zen upgraded Lakeland Industries to a "sell" rating in a report on Wednesday, May 7th.

Institutional Trading of Lakeland Industries

Several hedge funds have recently modified their holdings of the company. D.A. Davidson & CO. raised its stake in shares of Lakeland Industries by 1.6% during the 4th quarter. D.A. Davidson & CO. now owns 43,892 shares of the medical instruments supplier's stock worth $1,121,000 after acquiring an additional 698 shares in the last quarter. IFP Advisors Inc purchased a new position in Lakeland Industries in the fourth quarter worth $36,000. Bank of New York Mellon Corp increased its position in shares of Lakeland Industries by 6.8% during the fourth quarter. Bank of New York Mellon Corp now owns 46,001 shares of the medical instruments supplier's stock worth $1,175,000 after purchasing an additional 2,928 shares in the last quarter. Metis Global Partners LLC purchased a new stake in shares of Lakeland Industries during the 4th quarter valued at $207,000. Finally, First Eagle Investment Management LLC acquired a new stake in shares of Lakeland Industries in the 4th quarter worth $571,000. 71.69% of the stock is owned by hedge funds and other institutional investors.

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.

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