Lakeland Industries, Inc. (LAKE) – What Are Researchers Thinking About This Stock?

Shares of Lakeland Industries, Inc. (NASDAQ:LAKE) have been assigned a consensus recommendation of “Hold” from the five brokerages that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $15.00.

A number of equities research analysts have issued reports on LAKE shares. Roth Capital set a $17.00 target price on shares of Lakeland Industries in a report on Thursday, September 10th. Zacks Research downgraded Lakeland Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lakeland Industries in a report on Friday, September 25th. DA Davidson cut their price target on Lakeland Industries from $18.00 to $15.00 and set a “buy” rating for the company in a report on Monday, September 14th. Finally, Wall Street Zen cut Lakeland Industries from a “hold” rating to a “strong sell” rating in a research report on Saturday, September 12th.

Lakeland Industries Price Performance

NASDAQ LAKE opened at $9.38 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 2.98 and a debt-to-equity ratio of 0.22. The company has a market cap of $93.14 million, a PE ratio of -3.46 and a beta of 1.45. Lakeland Industries has a 52 week low of $7.15 and a 52 week high of $17.72. The firm’s 50-day simple moving average is $10.85 and its two-hundred day simple moving average is $10.64.

Lakeland Industries (NASDAQ:LAKE) last announced its quarterly 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 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%. Research analysts predict that Lakeland Industries will post -0.48 earnings per share for the current year.

Institutional Trading of Lakeland Industries

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE bought a new stake in shares of Lakeland Industries during the second quarter valued at about $163,000. Ancora Advisors LLC bought a new position in shares of Lakeland Industries in the second quarter valued at approximately $54,000. Expect Equity LLC bought a new position in shares of Lakeland Industries in the second quarter valued at approximately $921,000. Manatuck Hill Partners LLC bought a new position in shares of Lakeland Industries in the second quarter valued at approximately $431,000. Finally, BlackRock Inc. purchased a new position in Lakeland Industries during the second quarter valued at approximately $1,692,000. Hedge funds and other institutional investors own 71.69% of the company’s stock.

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.