Lakeland Industries (NASDAQ:LAKE) Given a $26.00 Price Target by Lake Street Capital Analysts

Lake Street Capital set a $26.00 price target on Lakeland Industries (NASDAQ:LAKE) in a research report released on Tuesday, MarketBeat reports. The firm currently has a buy rating on the medical instruments supplier’s stock.

A number of other brokerages have also recently weighed in on LAKE. DA Davidson reduced their price objective on Lakeland Industries from $28.00 to $23.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Wall Street Zen upgraded Lakeland Industries to a “sell” rating in a research note on Wednesday, May 7th.

Lakeland Industries Price Performance

Shares of NASDAQ LAKE opened at $15.34 on Tuesday. The company has a current ratio of 4.23, a quick ratio of 1.77 and a debt-to-equity ratio of 0.25. Lakeland Industries has a twelve month low of $14.00 and a twelve month high of $27.28. The stock has a 50 day moving average of $17.31 and a two-hundred day moving average of $20.96. The stock has a market cap of $145.90 million, a P/E ratio of -170.44 and a beta of 1.13.

Lakeland Industries (NASDAQ:LAKE) last issued its quarterly earnings data on Monday, June 9th. The medical instruments supplier reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.68). Lakeland Industries had a negative net margin of 0.42% and a positive return on equity of 1.66%. The firm had revenue of $46.75 million during the quarter, compared to analysts’ expectations of $48.84 million. During the same quarter in the prior year, the firm posted $0.22 EPS. On average, research analysts forecast that Lakeland Industries will post 0.48 earnings per share for the current year.

Lakeland Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Thursday, May 15th. Lakeland Industries’s dividend payout ratio (DPR) is presently -3.99%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. IFP Advisors Inc acquired a new position in shares of Lakeland Industries during the 4th quarter worth $36,000. Russell Investments Group Ltd. acquired a new position in shares of Lakeland Industries during the 4th quarter worth $160,000. Cubist Systematic Strategies LLC acquired a new position in shares of Lakeland Industries during the 1st quarter worth $164,000. Bank of America Corp DE grew its stake in shares of Lakeland Industries by 114.1% during the 4th quarter. Bank of America Corp DE now owns 7,657 shares of the medical instruments supplier’s stock worth $196,000 after purchasing an additional 4,081 shares during the period. Finally, Metis Global Partners LLC acquired a new position in shares of Lakeland Industries during the 4th quarter worth $207,000. Institutional investors and hedge funds own 71.69% of the company’s stock.

About Lakeland Industries

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.