Shares of Lakeland Industries, Inc. (NASDAQ:LAKE – Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.25 and traded as high as $10.70. Lakeland Industries shares last traded at $10.65, with a volume of 95,138 shares.
Analysts Set New Price Targets
A number of research firms have issued reports on LAKE. DA Davidson upgraded shares of Lakeland Industries from a “neutral” rating to a “buy” rating and increased their target price for the stock from $10.00 to $14.00 in a research report on Monday, April 20th. Lake Street Capital cut their target price on shares of Lakeland Industries from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, April 17th. Zacks Research upgraded shares of Lakeland Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Finally, Maxim Group set a $16.00 target price on shares of Lakeland Industries in a research report on Monday, April 20th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $15.20.
Get Our Latest Research Report on Lakeland Industries
Lakeland Industries Stock Up 2.1%
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Royce & Associates LP grew its stake in Lakeland Industries by 10.0% in the 3rd quarter. Royce & Associates LP now owns 1,178,670 shares of the medical instruments supplier’s stock valued at $17,444,000 after buying an additional 107,100 shares during the last quarter. Peapod Lane Capital LLC acquired a new position in Lakeland Industries in the 4th quarter valued at $604,000. Pacific Ridge Capital Partners LLC grew its stake in Lakeland Industries by 62.3% in the 4th 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. New York State Common Retirement Fund acquired a new position in Lakeland Industries in the 2nd quarter valued at $105,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Lakeland Industries in the 2nd quarter valued at $68,000. 71.69% of the stock is currently owned by institutional investors and hedge funds.
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.
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