Lakeland Industries, Inc. (NASDAQ:LAKE) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Analysts have set a twelve-month consensus price target of $17.50 for the company and are expecting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also given Lakeland Industries an industry rank of 119 out of 265 based on the ratings given to related companies.
Several brokerages have issued reports on LAKE. Zacks Investment Research downgraded Lakeland Industries from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th. ValuEngine raised Lakeland Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Roth Capital started coverage on Lakeland Industries in a research note on Wednesday, August 23rd. They issued a “buy” rating and a $18.00 price target on the stock.
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Lakeland Industries (NASDAQ:LAKE) traded down $0.60 during midday trading on Tuesday, reaching $13.95. The company had a trading volume of 39,200 shares, compared to its average volume of 62,816. Lakeland Industries has a twelve month low of $9.85 and a twelve month high of $17.18. The company has a current ratio of 5.75, a quick ratio of 2.70 and a debt-to-equity ratio of 0.03. The company has a market cap of $112.05, a PE ratio of 17.74, a price-to-earnings-growth ratio of 1.74 and a beta of -0.04.
Lakeland Industries (NASDAQ:LAKE) last issued its quarterly earnings results on Wednesday, September 13th. The medical instruments supplier reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.05. The company had revenue of $23.90 million during the quarter, compared to analysts’ expectations of $23.91 million. Lakeland Industries had a net margin of 6.65% and a return on equity of 8.27%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the business earned $0.20 EPS. analysts anticipate that Lakeland Industries will post 0.84 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in the business. Teton Advisors Inc. grew its stake in shares of Lakeland Industries by 7.1% during the second quarter. Teton Advisors Inc. now owns 12,211 shares of the medical instruments supplier’s stock valued at $177,000 after buying an additional 811 shares during the last quarter. Vanguard Group Inc. grew its position in Lakeland Industries by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 302,567 shares of the medical instruments supplier’s stock worth $4,387,000 after purchasing an additional 2,290 shares during the period. HighTower Advisors LLC grew its position in shares of Lakeland Industries by 6.5% during the 2nd quarter. HighTower Advisors LLC now owns 43,665 shares of the medical instruments supplier’s stock valued at $631,000 after acquiring an additional 2,668 shares during the period. Wells Fargo & Company MN grew its position in shares of Lakeland Industries by 8.4% during the 3rd quarter. Wells Fargo & Company MN now owns 77,420 shares of the medical instruments supplier’s stock valued at $1,092,000 after acquiring an additional 5,972 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of Lakeland Industries by 54.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 19,556 shares of the medical instruments supplier’s stock valued at $210,000 after acquiring an additional 6,924 shares during the period. Hedge funds and other institutional investors own 42.56% of the company’s stock.
Lakeland Industries Company Profile
Lakeland Industries, Inc (Lakeland) manufactures and sells a line of safety garments and accessories for the industrial and public protective clothing market. The Company’s product categories include limited use/disposable protective clothing; high-end chemical protective suits; firefighting, flame resistant personal protective equipment (FR PPE) and heat protective apparel; reusable woven garments; high visibility clothing, and glove and sleeves.
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