Lakeland Industries, Inc. (NASDAQ:LAKE) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Lakeland Industries, Inc. (NASDAQ:LAKE) have been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $25.00.

LAKE has been the subject of a number of research analyst reports. DA Davidson cut their target price on shares of Lakeland Industries from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Zacks Research raised shares of Lakeland Industries from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. Wall Street Zen raised shares of Lakeland Industries from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Lakeland Industries in a research report on Wednesday, October 8th.

Institutional Investors Weigh In On Lakeland Industries

Hedge funds have recently modified their holdings of the business. Salem Investment Counselors Inc. bought a new stake in shares of Lakeland Industries during the 2nd quarter valued at $28,000. Police & Firemen s Retirement System of New Jersey bought a new stake in Lakeland Industries during the 2nd quarter worth approximately $31,000. Tripletail Wealth Management LLC bought a new stake in Lakeland Industries during the 3rd quarter worth approximately $49,000. Bank of America Corp DE raised its stake in 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 worth $57,000 after acquiring an additional 2,736 shares during the period. Finally, JPMorgan Chase & Co. bought a new stake in Lakeland Industries during the 2nd quarter worth approximately $59,000. Institutional investors own 71.69% of the company’s stock.

Lakeland Industries Trading Down 1.4%

NASDAQ:LAKE opened at $16.23 on Tuesday. The company has a current ratio of 3.66, a quick ratio of 1.41 and a debt-to-equity ratio of 0.19. Lakeland Industries has a 12 month low of $12.76 and a 12 month high of $27.28. The company has a market cap of $155.34 million, a PE ratio of -5.92 and a beta of 1.10. The company has a 50 day simple moving average of $15.49 and a two-hundred day simple moving average of $15.56.

Lakeland Industries (NASDAQ:LAKE) last posted its earnings results on Wednesday, September 21st. The medical instruments supplier reported $0.36 EPS for the quarter. Lakeland Industries had a negative net margin of 11.22% and a negative return on equity of 3.07%. The business had revenue of $27.47 million during the quarter. Research analysts forecast that Lakeland Industries will post 0.48 earnings per share for the current year.

Lakeland Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Monday, November 17th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.7%. Lakeland Industries’s payout ratio is presently -4.38%.

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.