Lakeland Industries, Inc. (NASDAQ:LAKE) Receives Average Recommendation of “Hold” from Analysts

Shares of Lakeland Industries, Inc. (NASDAQ:LAKE) have received an average rating of “Hold” from the five analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $16.00.

Several equities research analysts recently issued reports on the company. Weiss Ratings upgraded Lakeland Industries from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 29th. DA Davidson increased their target price on Lakeland Industries from $14.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Lake Street Capital decreased their target price on Lakeland Industries from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, April 17th. Maxim Group set a $16.00 price target on Lakeland Industries in a research note on Monday, April 20th. Finally, Wall Street Zen upgraded Lakeland Industries from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th.

Institutional Investors Weigh In On Lakeland Industries

A number of large investors have recently modified their holdings of LAKE. Pacific Ridge Capital Partners LLC raised its position in shares of Lakeland Industries by 62.3% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 772,015 shares of the medical instruments supplier’s stock valued at $6,825,000 after buying an additional 296,222 shares during the last quarter. Peapod Lane Capital LLC acquired a new position in Lakeland Industries during the fourth quarter worth about $604,000. Equitable Trust Co. grew its stake in Lakeland Industries by 10.4% during the 4th quarter. Equitable Trust Co. now owns 29,990 shares of the medical instruments supplier’s stock valued at $265,000 after acquiring an additional 2,820 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Lakeland Industries during the 2nd quarter valued at about $68,000. Finally, JPMorgan Chase & Co. acquired a new stake in Lakeland Industries in the 2nd quarter valued at about $59,000. Hedge funds and other institutional investors own 71.69% of the company’s stock.

Lakeland Industries Stock Performance

LAKE opened at $10.91 on Thursday. The firm’s fifty day simple moving average is $10.77 and its two-hundred day simple moving average is $9.84. Lakeland Industries has a 52-week low of $7.15 and a 52-week high of $18.00. The company has a market cap of $107.68 million, a price-to-earnings ratio of -5.12 and a beta of 1.45. The company has a quick ratio of 1.34, a current ratio of 3.09 and a debt-to-equity ratio of 0.20.

Lakeland Industries (NASDAQ:LAKE) last released its earnings results on Tuesday, June 9th. The medical instruments supplier reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.18. Lakeland Industries had a negative net margin of 10.87% and a negative return on equity of 6.64%. The business had revenue of $47.42 million during the quarter, compared to analysts’ expectations of $47.36 million. Equities analysts anticipate that Lakeland Industries will post -0.28 earnings per share for the current fiscal year.

Lakeland Industries Company Profile

Lakeland Industries, Inc (NASDAQ:LAKE) is a global provider of high-performance protective apparel and accessories designed to safeguard workers in industrial, healthcare, laboratory, and emergency response environments. The company’s expertise lies in producing garments that shield against chemical, biological, radiological, and thermal risks, supporting safety protocols in sectors such as oil and gas, petrochemicals, pharmaceuticals, and first responders.

The product portfolio encompasses both single-use and reusable solutions, including chemical protective coveralls, flame-resistant garments, arc flash clothing, medical isolation gowns, and cleanroom suits.