Lakeland Industries (LAKE) to Release Quarterly Earnings on Wednesday

Lakeland Industries (NASDAQ:LAKE) is expected to be issuing its quarterly earnings data after the market closes on Wednesday, April 9th. Analysts expect the company to announce earnings of $0.44 per share and revenue of $47.10 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Lakeland Industries Trading Down 3.3 %

NASDAQ:LAKE opened at $19.64 on Wednesday. The company has a 50-day moving average price of $22.28 and a 200-day moving average price of $22.06. The stock has a market cap of $186.56 million, a price-to-earnings ratio of -218.22 and a beta of 0.96. The company has a current ratio of 4.23, a quick ratio of 1.77 and a debt-to-equity ratio of 0.25. Lakeland Industries has a 12 month low of $15.10 and a 12 month high of $27.28.

Lakeland Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Monday, February 17th were issued a $0.03 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.12 annualized dividend and a yield of 0.61%. Lakeland Industries’s dividend payout ratio (DPR) is presently -133.33%.

Analyst Ratings Changes

Several research analysts have recently issued reports on LAKE shares. Lake Street Capital initiated coverage on Lakeland Industries in a research report on Tuesday, March 11th. They issued a “buy” rating and a $30.00 target price for the company. Roth Mkm increased their price objective on Lakeland Industries from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Finally, DA Davidson started coverage on Lakeland Industries in a research report on Wednesday, March 26th. They set a “buy” rating and a $28.00 price objective for the company. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.25.

Insider Transactions at Lakeland Industries

In related news, COO An Hui purchased 2,000 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was purchased at an average price of $22.00 per share, with a total value of $44,000.00. Following the transaction, the chief operating officer now directly owns 53,912 shares in the company, valued at $1,186,064. This trade represents a 3.85 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Laurel A. Yartz acquired 2,272 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were purchased at an average cost of $22.00 per share, for a total transaction of $49,984.00. Following the completion of the transaction, the insider now directly owns 9,772 shares in the company, valued at $214,984. The trade was a 30.29 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 7,998 shares of company stock valued at $177,186 in the last ninety days. 4.20% of the stock is currently owned by corporate insiders.

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.