Lakeland Industries, Inc. (NASDAQ:LAKE – Get Free Report)’s stock price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $10.44 and traded as high as $10.52. Lakeland Industries shares last traded at $10.27, with a volume of 75,073 shares traded.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on LAKE shares. DA Davidson dropped their price objective on shares of Lakeland Industries from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, September 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Lakeland Industries in a report on Friday. Roth Capital set a $17.00 price target on Lakeland Industries in a research report on Thursday, September 10th. Finally, Wall Street Zen cut Lakeland Industries from a “hold” rating to a “strong sell” rating in a report on Saturday, September 12th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $15.00.
View Our Latest Stock Analysis on LAKE
Lakeland Industries Price Performance
Lakeland Industries (NASDAQ:LAKE – Get Free Report) last issued its earnings results on Wednesday, September 9th. The medical instruments supplier reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.44). The firm had revenue of $50.14 million for the quarter, compared to analysts’ expectations of $51.36 million. Lakeland Industries had a negative return on equity of 11.35% and a negative net margin of 13.99%. As a group, equities analysts anticipate that Lakeland Industries, Inc. will post -0.48 EPS for the current year.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Expect Equity LLC grew its position in Lakeland Industries by 6.9% in the fourth quarter. Expect Equity LLC now owns 166,061 shares of the medical instruments supplier’s stock worth $1,468,000 after acquiring an additional 10,705 shares during the period. BlackRock Inc. acquired a new position in shares of Lakeland Industries in the 2nd quarter valued at $1,692,000. Bank of New York Mellon Corp grew its holdings in shares of Lakeland Industries by 2.0% during the 1st quarter. Bank of New York Mellon Corp now owns 75,107 shares of the medical instruments supplier’s stock worth $615,000 after purchasing an additional 1,479 shares during the period. Equitable Trust Co. grew its holdings in shares of Lakeland Industries by 48.5% during the 1st quarter. Equitable Trust Co. now owns 44,530 shares of the medical instruments supplier’s stock worth $365,000 after purchasing an additional 14,540 shares during the period. Finally, Manatuck Hill Partners LLC acquired a new stake in shares of Lakeland Industries during the 2nd quarter worth about $431,000. 71.69% of the stock is currently owned by institutional investors and hedge funds.
Lakeland Industries Company Profile
Lakeland Industries, Inc is a manufacturer and distributor of industrial and public-safety protective clothing and accessories. Its products are designed to help protect workers from chemical exposure, fire and heat, hazardous particles, infectious materials, and other workplace risks.
The company’s product portfolio includes disposable and limited-use garments, chemical-protective clothing, flame-resistant apparel, high-visibility clothing, gloves, sleeves, hoods, footwear, and related protective equipment.
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