Lakeland Industries (NASDAQ:LAKE) Stock Crosses Above 200-Day Moving Average of $17.65

Lakeland Industries, Inc. (NASDAQ:LAKE) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.65 and traded as high as $23.82. Lakeland Industries shares last traded at $23.00, with a volume of 107,683 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Maxim Group upped their price target on Lakeland Industries from $22.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. StockNews.com cut Lakeland Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd.

Lakeland Industries Stock Down 4.4 %

The company has a debt-to-equity ratio of 0.10, a current ratio of 5.39 and a quick ratio of 2.74. The company has a market cap of $169.74 million, a PE ratio of 30.67 and a beta of 0.50. The company has a fifty day moving average price of $18.47 and a 200 day moving average price of $17.65.

Lakeland Industries (NASDAQ:LAKE) last issued its quarterly earnings data on Wednesday, April 10th. The medical instruments supplier reported $0.22 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.08). Lakeland Industries had a return on equity of 6.84% and a net margin of 4.34%. The business had revenue of $31.20 million for the quarter, compared to analysts’ expectations of $32.50 million. As a group, analysts anticipate that Lakeland Industries, Inc. will post 1.39 EPS for the current year.

Lakeland Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Tuesday, May 14th. Lakeland Industries’s payout ratio is 16.00%.

Insider Transactions at Lakeland Industries

In other news, CEO James M. Jenkins bought 2,085 shares of the business’s stock in a transaction on Monday, June 10th. The stock was acquired at an average price of $23.98 per share, with a total value of $49,998.30. Following the completion of the purchase, the chief executive officer now directly owns 75,728 shares in the company, valued at $1,815,957.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.20% of the stock is owned by insiders.

Institutional Trading of Lakeland Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Quadrature Capital Ltd boosted its stake in Lakeland Industries by 47.0% in the first quarter. Quadrature Capital Ltd now owns 18,641 shares of the medical instruments supplier’s stock worth $339,000 after buying an additional 5,957 shares in the last quarter. Hillsdale Investment Management Inc. boosted its stake in Lakeland Industries by 37.2% in the first quarter. Hillsdale Investment Management Inc. now owns 10,700 shares of the medical instruments supplier’s stock worth $196,000 after buying an additional 2,900 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Lakeland Industries by 6.9% during the first quarter. Empowered Funds LLC now owns 10,873 shares of the medical instruments supplier’s stock valued at $199,000 after purchasing an additional 700 shares during the period. North Star Investment Management Corp. boosted its stake in shares of Lakeland Industries by 0.9% during the first quarter. North Star Investment Management Corp. now owns 168,573 shares of the medical instruments supplier’s stock valued at $3,085,000 after purchasing an additional 1,503 shares during the period. Finally, Equitable Trust Co. boosted its stake in shares of Lakeland Industries by 10.7% during the fourth quarter. Equitable Trust Co. now owns 27,665 shares of the medical instruments supplier’s stock valued at $513,000 after purchasing an additional 2,680 shares during the period. Hedge funds and other institutional investors own 71.69% of the company’s stock.

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.