Lakeland Industries (NASDAQ:LAKE – Free Report) had its price objective reduced by DA Davidson from $18.00 to $15.00 in a report published on Monday,Benzinga reports. They currently have a buy rating on the medical instruments supplier’s stock.
Other research analysts also recently issued research reports about the stock. Weiss Ratings upgraded shares of Lakeland Industries from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 29th. Wall Street Zen cut shares of Lakeland Industries from a “hold” rating to a “strong sell” rating in a report on Saturday, September 12th. Finally, Roth Capital set a $17.00 target price on shares of Lakeland Industries in a research report on Thursday, September 10th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Lakeland Industries has a consensus rating of “Hold” and an average price target of $15.00.
View Our Latest Report on Lakeland Industries
Lakeland Industries Trading Down 0.5%
Lakeland Industries (NASDAQ:LAKE – Get Free Report) last issued its quarterly earnings data on Wednesday, September 9th. The medical instruments supplier reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.44). The business had revenue of $50.14 million for the quarter, compared to the consensus estimate of $51.36 million. Lakeland Industries had a negative net margin of 13.99% and a negative return on equity of 11.35%. On average, research analysts predict that Lakeland Industries will post -0.48 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Lakeland Industries
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its stake in shares of Lakeland Industries by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 75,107 shares of the medical instruments supplier’s stock valued at $615,000 after purchasing an additional 1,479 shares in the last quarter. Persistent Asset Partners Ltd acquired a new stake in shares of Lakeland Industries during the 2nd quarter worth about $38,000. Ancora Advisors LLC bought a new position in shares of Lakeland Industries in the second quarter valued at approximately $54,000. Expect Equity LLC raised its position in Lakeland Industries by 6.9% in the 4th quarter. Expect Equity LLC now owns 166,061 shares of the medical instruments supplier’s stock valued at $1,468,000 after purchasing an additional 10,705 shares during the last quarter. Finally, Sei Investments Co. bought a new position in shares of Lakeland Industries in the first quarter valued at about $88,000. Institutional investors and hedge funds own 71.69% of the company’s stock.
About Lakeland Industries
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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