Lakeland Industries (LAKE) Expected to Announce Earnings on Wednesday

Lakeland Industries (NASDAQ:LAKE) is expected 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. Investors interested in registering for the company’s conference call can do so using this link.

Lakeland Industries Stock Down 3.8 %

LAKE stock opened at $17.85 on Monday. The firm has a market cap of $169.56 million, a PE ratio of -198.33 and a beta of 0.86. Lakeland Industries has a 1 year low of $15.10 and a 1 year high of $27.28. The company has a fifty day simple moving average of $22.00 and a 200 day simple moving average of $22.04. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Monday, February 17th were issued a dividend of $0.03 per share. The ex-dividend date was Friday, February 14th. This represents a $0.12 annualized dividend and a yield of 0.67%. Lakeland Industries’s dividend payout ratio (DPR) is currently -133.33%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Lakeland Industries

In related news, insider Laurel A. Yartz acquired 2,272 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were bought at an average price of $22.00 per share, for a total transaction of $49,984.00. Following the acquisition, the insider now owns 9,772 shares in the company, valued at $214,984. This trade represents a 30.29 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO An Hui bought 2,000 shares of Lakeland Industries stock in a transaction that occurred on Wednesday, January 22nd. The stock was bought at an average price of $22.00 per share, with a total value of $44,000.00. Following the purchase, the chief operating officer now owns 53,912 shares of the company’s stock, valued at $1,186,064. This trade represents a 3.85 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 7,998 shares of company stock valued at $177,186 in the last 90 days. 4.20% of the stock is currently owned by 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.