Lakeland Industries, Inc. (NASDAQ:LAKE) Receives Average Rating of “Hold” from Analysts

Lakeland Industries, Inc. (NASDAQ:LAKE – Get Free Report) has received a consensus rating of “Hold” from the five ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $15.00.

LAKE has been the subject of several research analyst reports. Weiss Ratings upgraded Lakeland Industries from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 29th. DA Davidson decreased their target price on shares of Lakeland Industries from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, September 14th. Roth Capital set a $17.00 price target on shares of Lakeland Industries in a research note on Thursday, September 10th. Finally, Wall Street Zen downgraded shares of Lakeland Industries from a “hold” rating to a “strong sell” rating in a report on Saturday, September 12th.

Read Our Latest Stock Report on Lakeland Industries

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE purchased a new stake in shares of Lakeland Industries during the 2nd quarter worth approximately $163,000. Ancora Advisors LLC purchased a new position in Lakeland Industries in the 2nd quarter valued at approximately $54,000. Expect Equity LLC purchased a new position in Lakeland Industries in the 2nd quarter valued at approximately $921,000. Manatuck Hill Partners LLC acquired a new position in Lakeland Industries during the second quarter worth $431,000. Finally, BlackRock Inc. acquired a new position in Lakeland Industries during the second quarter worth $1,692,000. 71.69% of the stock is owned by hedge funds and other institutional investors.

Lakeland Industries Stock Performance

NASDAQ LAKE opened at $10.49 on Friday. The company has a current ratio of 2.98, a quick ratio of 1.34 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $11.31 and its two-hundred day moving average is $10.42. Lakeland Industries has a 12-month low of $7.15 and a 12-month high of $18.00. The stock has a market capitalization of $104.17 million, a price-to-earnings ratio of -3.87 and a beta of 1.45.

Lakeland Industries (NASDAQ:LAKE – Get Free Report) last posted its quarterly earnings results on Wednesday, September 9th. The medical instruments supplier reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.44). Lakeland Industries had a negative net margin of 13.99% and a negative return on equity of 11.35%. The business had revenue of $50.14 million during the quarter, compared to analyst estimates of $51.36 million. Research analysts expect that Lakeland Industries will post -0.48 EPS for the current year.

Lakeland Industries Company Profile

(Get Free Report)

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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Analyst Recommendations for Lakeland Industries (NASDAQ:LAKE)

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