Lakeland Industries, Inc. (NASDAQ:LAKE) Stock Has Average Price Target of $15.00 According to Analysts

Lakeland Industries, Inc. (NASDAQ:LAKE) has received a consensus recommendation of “Hold” from the five brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $15.00.

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

Lakeland Industries Stock Up 1.6%

Shares of NASDAQ:LAKE opened at $9.41 on Friday. Lakeland Industries has a 52-week low of $7.15 and a 52-week high of $16.91. The stock has a market cap of $93.44 million, a P/E ratio of -3.47 and a beta of 1.50. The business has a fifty day moving average of $9.95 and a two-hundred day moving average of $10.13. The company has a quick ratio of 1.34, a current ratio of 2.98 and a debt-to-equity ratio of 0.22.

Lakeland Industries (NASDAQ:LAKE) last posted its 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 during 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%. On average, research analysts expect that Lakeland Industries will post -0.48 earnings per share for the current year.

Institutional Trading of Lakeland Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Royce & Associates LP grew its holdings in shares of Lakeland Industries by 0.3% in the third quarter. Royce & Associates LP now owns 1,323,069 shares of the medical instruments supplier’s stock valued at $13,072,000 after purchasing an additional 3,983 shares in the last quarter. Bank of America Corp DE acquired a new stake in Lakeland Industries during the 2nd quarter worth approximately $163,000. Ancora Advisors LLC acquired a new stake in Lakeland Industries during the 2nd quarter worth approximately $54,000. Expect Equity LLC purchased a new position in Lakeland Industries in the 2nd quarter valued at approximately $921,000. Finally, Manatuck Hill Partners LLC purchased a new position in Lakeland Industries in the 2nd quarter valued at approximately $431,000. 71.69% of the stock is currently owned by hedge funds and other institutional investors.

Lakeland Industries Company Profile

Lakeland Industries, Inc. (NASDAQ: LAKE) designs, manufactures and sells industrial and public-safety protective clothing and accessories. Its products are intended to help protect workers from chemical exposure, fire and heat, arc flash, hazardous particles, infectious materials and other workplace risks. The company’s product portfolio includes disposable and reusable coveralls, chemical-resistant suits, flame-resistant and high-visibility apparel, protective garments for cleanrooms and healthcare environments, gloves, sleeves, footwear and other personal protective equipment.