Lakeland Industries (NASDAQ:LAKE) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Lakeland Industries (NASDAQ:LAKE) from a sell rating to a hold rating in a research note released on Saturday morning.

A number of other equities research analysts have also recently commented on LAKE. DA Davidson cut their price target on shares of Lakeland Industries from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday. Zacks Research upgraded shares of Lakeland Industries from a “strong sell” rating to a “hold” rating in a report on Thursday, August 14th. Finally, Lake Street Capital set a $26.00 target price on shares of Lakeland Industries and gave the stock a “buy” rating in a report on Tuesday, June 10th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

Lakeland Industries Trading Up 2.7%

NASDAQ:LAKE opened at $14.63 on Friday. The company’s 50 day moving average price is $14.56 and its 200-day moving average price is $16.50. Lakeland Industries has a 52 week low of $12.76 and a 52 week high of $27.28. The company has a quick ratio of 1.51, a current ratio of 3.66 and a debt-to-equity ratio of 0.19. The stock has a market cap of $140.01 million, a price-to-earnings ratio of -5.34 and a beta of 1.11.

Lakeland Industries (NASDAQ:LAKE) last posted its quarterly earnings results on Tuesday, September 9th. The medical instruments supplier reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.40. Lakeland Industries had a negative net margin of 11.22% and a negative return on equity of 3.07%. The firm had revenue of $52.50 million for the quarter, compared to analysts’ expectations of $54.59 million. Lakeland Industries has set its FY 2026 guidance at EPS. On average, equities research analysts forecast that Lakeland Industries will post 0.48 earnings per share for the current fiscal year.

Lakeland Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 15th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, August 15th. Lakeland Industries’s dividend payout ratio (DPR) is currently -4.38%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LAKE. Salem Investment Counselors Inc. purchased a new position in shares of Lakeland Industries during the 2nd quarter worth $28,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Lakeland Industries during the 2nd quarter valued at $31,000. Bank of America Corp DE raised its position in shares of Lakeland Industries by 189.9% during the 2nd quarter. Bank of America Corp DE now owns 4,177 shares of the medical instruments supplier’s stock valued at $57,000 after purchasing an additional 2,736 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of Lakeland Industries during the 2nd quarter valued at $59,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Lakeland Industries during the 2nd quarter valued at $68,000. Hedge funds and other institutional investors own 71.69% of the company’s stock.

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.