Dimensional Fund Advisors LP Sells 13,181 Shares of Lakeland Industries, Inc. (NASDAQ:LAKE)

Dimensional Fund Advisors LP cut its holdings in Lakeland Industries, Inc. (NASDAQ:LAKE) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 555,756 shares of the medical instruments supplier’s stock after selling 13,181 shares during the period. Dimensional Fund Advisors LP owned 5.85% of Lakeland Industries worth $14,200,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in LAKE. D.A. Davidson & CO. boosted its holdings in Lakeland Industries by 1.6% in the 4th quarter. D.A. Davidson & CO. now owns 43,892 shares of the medical instruments supplier’s stock valued at $1,121,000 after purchasing an additional 698 shares during the period. Geode Capital Management LLC raised its position in shares of Lakeland Industries by 1.6% during the third quarter. Geode Capital Management LLC now owns 74,273 shares of the medical instruments supplier’s stock valued at $1,493,000 after buying an additional 1,177 shares during the last quarter. IFP Advisors Inc bought a new stake in shares of Lakeland Industries in the fourth quarter valued at about $36,000. American Century Companies Inc. grew its position in Lakeland Industries by 16.3% during the fourth quarter. American Century Companies Inc. now owns 14,012 shares of the medical instruments supplier’s stock worth $358,000 after buying an additional 1,965 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Lakeland Industries by 6.8% during the fourth quarter. Bank of New York Mellon Corp now owns 46,001 shares of the medical instruments supplier’s stock valued at $1,175,000 after acquiring an additional 2,928 shares during the period. Institutional investors and hedge funds own 71.69% of the company’s stock.

Lakeland Industries Stock Up 3.4 %

LAKE opened at $16.94 on Friday. The firm has a market cap of $160.87 million, a price-to-earnings ratio of -188.17 and a beta of 1.10. 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 firm’s 50-day simple moving average is $18.16 and its 200-day simple moving average is $21.36. Lakeland Industries, Inc. has a twelve month low of $14.58 and a twelve month high of $27.28.

Lakeland Industries (NASDAQ:LAKE) last posted its quarterly earnings data on Wednesday, April 9th. The medical instruments supplier reported ($0.54) earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.97). The firm had revenue of $46.60 million for the quarter, compared to analyst estimates of $47.10 million. Lakeland Industries had a positive return on equity of 1.66% and a negative net margin of 0.42%. During the same period in the previous year, the business posted $0.72 EPS. Equities research analysts anticipate that Lakeland Industries, Inc. will post 0.48 EPS for the current fiscal year.

Lakeland Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, May 15th. Lakeland Industries’s payout ratio is presently -5.04%.

Wall Street Analysts Forecast Growth

LAKE has been the topic of several recent research reports. StockNews.com raised Lakeland Industries to a “sell” rating in a report on Wednesday. DA Davidson lowered their price target on shares of Lakeland Industries from $28.00 to $23.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Finally, Lake Street Capital started coverage on shares of Lakeland Industries in a report on Tuesday, March 11th. They set a “buy” rating and a $30.00 price objective for the company. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $27.00.

Lakeland Industries 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.