Lakeland Industries (NASDAQ:LAKE) Upgraded at DA Davidson

DA Davidson upgraded shares of Lakeland Industries (NASDAQ:LAKE) to a strong-buy rating in a research note published on Tuesday morning,Zacks.com reports.

LAKE has been the subject of several other reports. Lake Street Capital began coverage on Lakeland Industries in a research note on Tuesday, March 11th. They issued a “buy” rating and a $30.00 price objective for the company. Roth Mkm upped their target price on shares of Lakeland Industries from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. One analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $28.25.

Lakeland Industries Trading Up 0.8 %

LAKE opened at $20.46 on Tuesday. Lakeland Industries has a fifty-two week low of $15.10 and a fifty-two week high of $27.28. The firm has a market capitalization of $194.35 million, a PE ratio of -227.33 and a beta of 0.96. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.23 and a quick ratio of 1.77. The company’s 50-day moving average is $22.64 and its 200 day moving average is $22.03.

Lakeland Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Monday, February 17th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.12 dividend on an annualized basis and a yield of 0.59%. Lakeland Industries’s dividend payout ratio (DPR) is currently -133.33%.

Insider Buying and Selling at Lakeland Industries

In related news, insider Laurel A. Yartz bought 2,272 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were purchased at an average price 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 approximately $214,984. The trade was a 30.29 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO James M. Jenkins bought 990 shares of the business’s stock in a transaction on Monday, December 30th. The stock was bought at an average price of $25.35 per share, with a total value of $25,096.50. Following the purchase, the chief executive officer now owns 990 shares in the company, valued at $25,096.50. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 8,988 shares of company stock worth $202,283 in the last quarter. 4.20% of the stock is currently owned by company insiders.

Institutional Trading of Lakeland Industries

Hedge funds and other institutional investors have recently bought and sold shares of the company. Delta Investment Management LLC bought a new stake in shares of Lakeland Industries during the 4th quarter valued at about $445,000. Private Capital Management LLC grew its holdings in Lakeland Industries by 0.4% in the 4th quarter. Private Capital Management LLC now owns 1,007,391 shares of the medical instruments supplier’s stock worth $25,739,000 after acquiring an additional 4,092 shares during the last quarter. Millennium Management LLC raised its position in Lakeland Industries by 166.1% during the 4th quarter. Millennium Management LLC now owns 27,783 shares of the medical instruments supplier’s stock valued at $710,000 after purchasing an additional 17,344 shares during the last quarter. Expect Equity LLC bought a new position in shares of Lakeland Industries during the fourth quarter valued at approximately $1,809,000. Finally, Bank of America Corp DE raised its holdings in Lakeland Industries by 114.1% in the 4th quarter. Bank of America Corp DE now owns 7,657 shares of the medical instruments supplier’s stock worth $196,000 after purchasing an additional 4,081 shares in the last quarter. Institutional investors own 71.69% of the company’s stock.

About Lakeland Industries

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.