Lakeland Industries, Inc. (NASDAQ:LAKE) Given Consensus Rating of “Hold” by Brokerages

Lakeland Industries, Inc. (NASDAQ:LAKE) has earned an average recommendation of “Hold” from the five research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $16.50.

Several brokerages have recently weighed in on LAKE. Wall Street Zen cut shares of Lakeland Industries from a “hold” rating to a “strong sell” rating in a research report on Saturday, December 13th. DA Davidson reaffirmed a “neutral” rating and set a $14.00 price target (down previously from $20.00) on shares of Lakeland Industries in a research report on Wednesday, December 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Lakeland Industries in a research note on Thursday, January 22nd. Roth Mkm decreased their price target on Lakeland Industries from $27.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, December 10th. Finally, Lake Street Capital lowered their price target on Lakeland Industries from $26.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, December 10th.

Lakeland Industries Trading Down 1.8%

LAKE opened at $9.93 on Thursday. The firm has a market capitalization of $97.41 million, a price-to-earnings ratio of -2.26 and a beta of 1.31. The company’s 50 day simple moving average is $9.53 and its two-hundred day simple moving average is $13.23. Lakeland Industries has a 1-year low of $7.77 and a 1-year high of $25.53. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.83 and a quick ratio of 1.48.

Insiders Place Their Bets

In other Lakeland Industries news, CFO Roger D. Shannon sold 8,869 shares of Lakeland Industries stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $8.06, for a total transaction of $71,484.14. Following the completion of the sale, the chief financial officer directly owned 36,026 shares in the company, valued at $290,369.56. This trade represents a 19.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have bought a total of 6,727 shares of company stock worth $58,548 over the last ninety days. Company insiders own 1.91% of the company’s stock.

Hedge Funds Weigh In On Lakeland Industries

A number of hedge funds have recently made changes to their positions in LAKE. First Eagle Investment Management LLC grew its stake in shares of Lakeland Industries by 27.3% in the second quarter. First Eagle Investment Management LLC now owns 278,756 shares of the medical instruments supplier’s stock valued at $3,794,000 after buying an additional 59,803 shares in the last quarter. Delta Investment Management LLC boosted its holdings in Lakeland Industries by 8.6% during the 2nd quarter. Delta Investment Management LLC now owns 36,317 shares of the medical instruments supplier’s stock valued at $494,000 after acquiring an additional 2,863 shares during the period. D.A. Davidson & CO. grew its position in Lakeland Industries by 5.6% in the 2nd quarter. D.A. Davidson & CO. now owns 45,673 shares of the medical instruments supplier’s stock valued at $622,000 after acquiring an additional 2,426 shares in the last quarter. Diversified Investment Strategies LLC increased its stake in Lakeland Industries by 2.6% during the second quarter. Diversified Investment Strategies LLC now owns 40,000 shares of the medical instruments supplier’s stock worth $544,000 after purchasing an additional 1,000 shares during the period. Finally, Equitable Trust Co. lifted its position in shares of Lakeland Industries by 32.0% during the second quarter. Equitable Trust Co. now owns 28,615 shares of the medical instruments supplier’s stock worth $389,000 after purchasing an additional 6,945 shares in the last quarter. Hedge funds and other institutional investors own 71.69% of the company’s stock.

About Lakeland Industries

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.