Analysts Set Lakeland Industries, Inc. (NASDAQ:LAKE) Price Target at $25.00

Shares of Lakeland Industries, Inc. (NASDAQ:LAKE) have been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $25.00.

A number of research analysts recently weighed in on the company. DA Davidson dropped their price objective on Lakeland Industries from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Wall Street Zen raised Lakeland Industries from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Weiss Ratings reissued a “sell (d)” rating on shares of Lakeland Industries in a report on Wednesday, October 8th. Finally, Zacks Research raised Lakeland Industries from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th.

Lakeland Industries Trading Up 2.4%

Shares of LAKE stock opened at $16.87 on Tuesday. The business’s fifty day moving average price is $15.45 and its 200 day moving average price is $15.56. Lakeland Industries has a 1-year low of $12.76 and a 1-year high of $27.28. The firm has a market capitalization of $161.45 million, a PE ratio of -6.16 and a beta of 1.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.66 and a quick ratio of 1.41.

Lakeland Industries (NASDAQ:LAKE) last announced its quarterly earnings data on Wednesday, September 21st. The medical instruments supplier reported $0.36 earnings per share for the quarter. Lakeland Industries had a negative return on equity of 3.07% and a negative net margin of 11.22%.The firm had revenue of $27.47 million for the quarter. As a group, sell-side analysts forecast that Lakeland Industries will post 0.48 EPS for the current fiscal year.

Institutional Trading of Lakeland Industries

Several large investors have recently bought and sold shares of LAKE. Ancora Advisors LLC grew its holdings in Lakeland Industries by 85.1% in the first quarter. Ancora Advisors LLC now owns 276,688 shares of the medical instruments supplier’s stock valued at $5,620,000 after purchasing an additional 127,195 shares during the last quarter. Geode Capital Management LLC increased its position in Lakeland Industries by 115.9% during the second quarter. Geode Capital Management LLC now owns 217,786 shares of the medical instruments supplier’s stock worth $2,964,000 after buying an additional 116,901 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Lakeland Industries by 1,720.2% during the first quarter. Russell Investments Group Ltd. now owns 114,017 shares of the medical instruments supplier’s stock valued at $2,316,000 after acquiring an additional 107,753 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Lakeland Industries by 9.4% during the first quarter. Royce & Associates LP now owns 931,920 shares of the medical instruments supplier’s stock valued at $18,927,000 after acquiring an additional 79,940 shares during the last quarter. Finally, Evernest Financial Advisors LLC acquired a new stake in shares of Lakeland Industries during the first quarter valued at $1,348,000. Institutional investors and hedge funds 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.