Brokerages Set Lakeland Industries, Inc. (NASDAQ:LAKE) PT at $15.20

Shares of Lakeland Industries, Inc. (NASDAQ:LAKE) have been assigned a consensus rating of “Hold” from the five brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $16.00.

Several equities analysts have commented on the stock. Weiss Ratings lowered shares of Lakeland Industries from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday. Lake Street Capital decreased their target price on shares of Lakeland Industries from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, April 17th. Maxim Group set a $16.00 target price on shares of Lakeland Industries in a report on Monday, April 20th. DA Davidson raised their target price on shares of Lakeland Industries from $14.00 to $18.00 and gave the company a “buy” rating in a report on Thursday. Finally, Wall Street Zen raised shares of Lakeland Industries from a “strong sell” rating to a “sell” rating in a report on Saturday, June 6th.

Hedge Funds Weigh In On Lakeland Industries

Several hedge funds have recently bought and sold shares of LAKE. Cubist Systematic Strategies LLC bought a new position in Lakeland Industries in the 1st quarter valued at about $164,000. Goldman Sachs Group Inc. boosted its stake in shares of Lakeland Industries by 42.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 44,435 shares of the medical instruments supplier’s stock valued at $902,000 after purchasing an additional 13,219 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Lakeland Industries by 107.7% in the 1st quarter. Jane Street Group LLC now owns 40,180 shares of the medical instruments supplier’s stock valued at $816,000 after purchasing an additional 20,832 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Lakeland Industries by 115.9% in the 2nd quarter. Geode Capital Management LLC now owns 217,786 shares of the medical instruments supplier’s stock valued at $2,964,000 after purchasing an additional 116,901 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Lakeland Industries in the 2nd quarter valued at approximately $59,000. 71.69% of the stock is owned by institutional investors.

Lakeland Industries Price Performance

NASDAQ:LAKE opened at $10.98 on Wednesday. Lakeland Industries has a 52 week low of $7.15 and a 52 week high of $18.00. The firm has a market cap of $108.37 million, a price-to-earnings ratio of -5.15 and a beta of 1.45. The firm’s 50-day simple moving average is $10.05 and its 200 day simple moving average is $9.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.36 and a current ratio of 3.09.

Lakeland Industries (NASDAQ:LAKE) last released its quarterly earnings results on Tuesday, June 9th. The medical instruments supplier reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.18. Lakeland Industries had a negative net margin of 10.87% and a negative return on equity of 6.64%. The business had revenue of $47.42 million for the quarter, compared to analyst estimates of $47.36 million. As a group, sell-side analysts predict that Lakeland Industries will post 0.22 earnings per share for the current year.

About Lakeland Industries

Lakeland Industries, Inc (NASDAQ:LAKE) is a global provider of high-performance protective apparel and accessories designed to safeguard workers in industrial, healthcare, laboratory, and emergency response environments. The company’s expertise lies in producing garments that shield against chemical, biological, radiological, and thermal risks, supporting safety protocols in sectors such as oil and gas, petrochemicals, pharmaceuticals, and first responders.

The product portfolio encompasses both single-use and reusable solutions, including chemical protective coveralls, flame-resistant garments, arc flash clothing, medical isolation gowns, and cleanroom suits.