Lakeland Industries, Inc. (NASDAQ:LAKE) Plans Quarterly Dividend of $0.03

Lakeland Industries, Inc. (NASDAQ:LAKE) declared a quarterly dividend on Monday, February 3rd,RTT News reports. Shareholders of record on Monday, February 17th will be paid a dividend of 0.03 per share by the medical instruments supplier on Monday, February 24th. This represents a $0.12 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Friday, February 14th.

Lakeland Industries Trading Up 5.3 %

Shares of NASDAQ:LAKE opened at $24.52 on Wednesday. Lakeland Industries has a fifty-two week low of $15.10 and a fifty-two week high of $27.28. The firm’s 50-day simple moving average is $24.15 and its 200-day simple moving average is $22.36. The company has a quick ratio of 1.77, a current ratio of 4.23 and a debt-to-equity ratio of 0.25.

Lakeland Industries (NASDAQ:LAKE) last released its earnings results on Thursday, December 5th. The medical instruments supplier reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.39). Lakeland Industries had a negative net margin of 0.42% and a positive return on equity of 1.66%. As a group, equities analysts predict that Lakeland Industries will post 0.48 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. StockNews.com lowered Lakeland Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Roth Mkm boosted their target price on Lakeland Industries from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th.

Insider Buying and Selling at Lakeland Industries

In related news, COO An Hui acquired 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was purchased at an average price of $22.00 per share, for a total transaction of $44,000.00. Following the transaction, 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO James M. Jenkins bought 990 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average cost of $25.35 per share, with a total value of $25,096.50. Following the purchase, the chief executive officer now directly owns 990 shares in the company, valued at $25,096.50. The trade was a ? increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders acquired 11,208 shares of company stock worth $253,520. 4.20% of the stock is 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.