Barry Phillips Purchases 1,250 Shares of Lakeland Industries (NASDAQ:LAKE) Stock

Lakeland Industries, Inc. (NASDAQ:LAKE) CRO Barry Phillips purchased 1,250 shares of the stock in a transaction dated Tuesday, December 23rd. The shares were bought at an average price of $8.71 per share, for a total transaction of $10,887.50. Following the completion of the acquisition, the executive owned 18,802 shares in the company, valued at $163,765.42. This represents a 7.12% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Lakeland Industries Stock Up 1.1%

Shares of NASDAQ:LAKE traded up $0.10 during midday trading on Monday, hitting $8.74. 161,396 shares of the stock were exchanged, compared to its average volume of 153,455. The company has a market capitalization of $85.70 million, a PE ratio of -1.99 and a beta of 1.33. Lakeland Industries, Inc. has a 52-week low of $7.77 and a 52-week high of $27.28. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.48 and a current ratio of 3.83. The business’s fifty day simple moving average is $13.79 and its two-hundred day simple moving average is $14.31.

Lakeland Industries (NASDAQ:LAKE) last issued its earnings results on Wednesday, September 21st. The medical instruments supplier reported $0.36 EPS for the quarter. The firm had revenue of $27.47 million for the quarter. Lakeland Industries had a negative return on equity of 7.80% and a negative net margin of 19.41%. As a group, research analysts predict that Lakeland Industries, Inc. will post 0.48 earnings per share for the current fiscal year.

Lakeland Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 17th were paid a $0.03 dividend. The ex-dividend date was Monday, November 17th. This represents a $0.12 dividend on an annualized basis and a yield of 1.4%. Lakeland Industries’s payout ratio is -2.73%.

Analysts Set New Price Targets

LAKE has been the topic of a number of recent research reports. DA Davidson restated a “neutral” rating and set a $14.00 price target (down previously from $20.00) on shares of Lakeland Industries in a report on Wednesday, December 10th. Roth Capital cut their target price on Lakeland Industries from $27.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, December 10th. Lake Street Capital reduced their price target on Lakeland Industries from $26.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday, December 10th. Wall Street Zen lowered Lakeland Industries from a “hold” rating to a “strong sell” rating in a report on Saturday, December 13th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Lakeland Industries in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Lakeland Industries has a consensus rating of “Hold” and an average price target of $16.50.

Hedge Funds Weigh In On Lakeland Industries

Large investors have recently bought and sold shares of the stock. HighTower Advisors LLC acquired a new stake in Lakeland Industries in the 1st quarter worth $254,000. OMERS ADMINISTRATION Corp acquired a new stake in Lakeland Industries during the first quarter worth about $400,000. Cubist Systematic Strategies LLC acquired a new stake in Lakeland Industries during the first quarter worth about $164,000. Ancora Advisors LLC increased its stake in Lakeland Industries by 85.1% during the first quarter. Ancora Advisors LLC now owns 276,688 shares of the medical instruments supplier’s stock valued at $5,620,000 after acquiring an additional 127,195 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Lakeland Industries in the 1st quarter valued at approximately $332,000. 71.69% of the stock is currently owned by institutional investors and hedge funds.

About Lakeland Industries

Lakeland Industries, Inc (NASDAQ:LAKE) is a global provider of high-performance protective apparel and accessories designed to safeguard workers in industrial, healthcare, laboratory, and emergency response environments. The company’s expertise lies in producing garments that shield against chemical, biological, radiological, and thermal risks, supporting safety protocols in sectors such as oil and gas, petrochemicals, pharmaceuticals, and first responders.

The product portfolio encompasses both single-use and reusable solutions, including chemical protective coveralls, flame-resistant garments, arc flash clothing, medical isolation gowns, and cleanroom suits.