Lakeland Industries, Inc. (NASDAQ:LAKE – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $10.52 and traded as high as $11.77. Lakeland Industries shares last traded at $10.83, with a volume of 177,677 shares traded.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. DA Davidson reduced 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. Roth Capital set a $17.00 target price on shares of Lakeland Industries in a research report on Thursday, September 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lakeland Industries in a report on Friday, September 25th. Finally, Wall Street Zen downgraded shares of Lakeland Industries from a “hold” rating to a “strong sell” rating in a research report on Saturday, September 12th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.00.
View Our Latest Report on LAKE
Lakeland Industries Stock Down 5.6%
Lakeland Industries (NASDAQ:LAKE – Get Free Report) last posted its earnings results 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 analysts’ expectations of $51.36 million. Lakeland Industries had a negative net margin of 13.99% and a negative return on equity of 11.35%. As a group, research analysts forecast that Lakeland Industries, Inc. will post -0.48 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of LAKE. Persistent Asset Partners Ltd acquired a new stake in Lakeland Industries during the 2nd quarter valued at $38,000. Ancora Advisors LLC purchased a new stake in shares of Lakeland Industries in the second quarter valued at $54,000. Sei Investments Co. purchased a new stake in shares of Lakeland Industries in the first quarter valued at $88,000. R Squared Ltd acquired a new stake in shares of Lakeland Industries during the first quarter valued at $125,000. Finally, Bank of America Corp DE increased its position in Lakeland Industries by 173.9% during the 1st quarter. Bank of America Corp DE now owns 19,169 shares of the medical instruments supplier’s stock worth $157,000 after purchasing an additional 12,171 shares in the last quarter. 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. The company develops apparel and related products designed to help protect workers from chemical exposure, hazardous materials, fire, heat, cold, airborne particles and other workplace risks.
Its product portfolio includes disposable and limited-use garments, chemical-resistant suits, flame-resistant and high-visibility clothing, heat- and cold-protective apparel, protective gloves and other personal protective equipment.
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