Bank of America Corp DE Has $196,000 Holdings in Lakeland Industries, Inc. (NASDAQ:LAKE)

Bank of America Corp DE grew its position in Lakeland Industries, Inc. (NASDAQ:LAKE) by 114.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,657 shares of the medical instruments supplier’s stock after purchasing an additional 4,081 shares during the quarter. Bank of America Corp DE owned about 0.08% of Lakeland Industries worth $196,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. IFP Advisors Inc acquired a new stake in Lakeland Industries during the 4th quarter worth approximately $36,000. Russell Investments Group Ltd. bought a new position in Lakeland Industries during the 4th quarter worth $160,000. Metis Global Partners LLC acquired a new stake in shares of Lakeland Industries during the fourth quarter worth $207,000. American Century Companies Inc. boosted its position in shares of Lakeland Industries by 16.3% in the fourth quarter. American Century Companies Inc. now owns 14,012 shares of the medical instruments supplier’s stock valued at $358,000 after acquiring an additional 1,965 shares during the period. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Lakeland Industries in the fourth quarter valued at about $362,000. Institutional investors and hedge funds own 71.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. 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 research report on Tuesday, April 15th. Wall Street Zen upgraded shares of Lakeland Industries to a “sell” rating in a research report on Wednesday, May 7th. Finally, Lake Street Capital set a $26.00 price target on shares of Lakeland Industries and gave the company a “buy” rating in a research report on Tuesday, June 10th.

Lakeland Industries Stock Performance

LAKE opened at $13.92 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.77 and a current ratio of 4.23. Lakeland Industries, Inc. has a 52-week low of $13.92 and a 52-week high of $27.28. The firm has a market cap of $132.45 million, a P/E ratio of -154.67 and a beta of 1.13. The business’s fifty day moving average is $17.26 and its 200-day moving average is $20.89.

Lakeland Industries (NASDAQ:LAKE) last announced its quarterly earnings data on Monday, June 9th. The medical instruments supplier reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.68). Lakeland Industries had a positive return on equity of 1.66% and a negative net margin of 0.42%. The firm had revenue of $46.75 million for the quarter, compared to analyst estimates of $48.84 million. During the same quarter in the previous year, the company earned $0.22 earnings per share. Sell-side analysts expect that Lakeland Industries, Inc. will post 0.48 EPS for the current fiscal year.

Lakeland Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were given a dividend of $0.03 per share. The ex-dividend date was Thursday, May 15th. This represents a $0.12 annualized dividend and a dividend yield of 0.86%. Lakeland Industries’s dividend payout ratio is -3.99%.

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.