Lakeland Industries (LAKE) Projected to Post Earnings on Wednesday

Lakeland Industries (NASDAQ:LAKE) is projected to announce its earnings results 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. Persons interested in participating in the company’s earnings conference call can do so using this link.

Lakeland Industries Price Performance

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

Lakeland Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Monday, February 17th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date was Friday, February 14th. Lakeland Industries’s payout ratio is presently -133.33%.

Analyst Ratings Changes

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

Insider Transactions at Lakeland Industries

In related news, COO An Hui bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were bought at an average cost of $22.00 per share, with a total value of $44,000.00. Following the acquisition, the chief operating officer now 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Nikki Hamblin bought 1,590 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were bought at an average price of $22.00 per share, for a total transaction of $34,980.00. Following the completion of the transaction, the director now directly owns 17,452 shares of the company’s stock, valued at $383,944. This represents a 10.02 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 7,998 shares of company stock worth $177,186 in the last quarter. Company insiders own 4.20% 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.