Lake Street Capital Has Lowered Expectations for Lakeland Industries (NASDAQ:LAKE) Stock Price

Lakeland Industries (NASDAQ:LAKE) had its target price decreased by research analysts at Lake Street Capital from $19.00 to $16.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the medical instruments supplier’s stock. Lake Street Capital’s target price would indicate a potential upside of 95.36% from the company’s current price.

A number of other research firms have also recently weighed in on LAKE. UBS Group set a $14.00 price target on Lakeland Industries in a report on Wednesday, December 10th. Roth Mkm dropped their price objective on Lakeland Industries from $27.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, December 10th. Wall Street Zen downgraded Lakeland Industries from a “hold” rating to a “strong sell” rating in a research note on Saturday, December 13th. DA Davidson reiterated a “neutral” rating and set a $14.00 target price (down from $20.00) on shares of Lakeland Industries in a research report on Wednesday, December 10th. Finally, Zacks Research raised shares of Lakeland Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $15.75.

Lakeland Industries Price Performance

Shares of Lakeland Industries stock traded down $0.02 during trading hours on Thursday, reaching $8.19. The stock had a trading volume of 7,215 shares, compared to its average volume of 114,992. The stock’s 50 day moving average is $8.99 and its 200 day moving average is $11.79. The company has a current ratio of 3.83, a quick ratio of 1.48 and a debt-to-equity ratio of 0.28. Lakeland Industries has a twelve month low of $7.15 and a twelve month high of $20.50. The firm has a market capitalization of $80.34 million, a PE ratio of -1.87 and a beta of 1.34.

Institutional Investors Weigh In On Lakeland Industries

A number of large investors have recently modified their holdings of LAKE. Private Capital Management LLC boosted its holdings in Lakeland Industries by 2.8% in the 4th quarter. Private Capital Management LLC now owns 1,202,433 shares of the medical instruments supplier’s stock valued at $10,630,000 after purchasing an additional 32,945 shares during the last quarter. Royce & Associates LP increased its holdings in shares of Lakeland Industries by 10.0% during the 3rd quarter. Royce & Associates LP now owns 1,178,670 shares of the medical instruments supplier’s stock worth $17,444,000 after buying an additional 107,100 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its holdings in Lakeland Industries by 62.3% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 772,015 shares of the medical instruments supplier’s stock valued at $6,825,000 after acquiring an additional 296,222 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Lakeland Industries by 2.3% in the third quarter. Vanguard Group Inc. now owns 486,524 shares of the medical instruments supplier’s stock valued at $7,201,000 after acquiring an additional 10,764 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Lakeland Industries by 115.9% in the second quarter. Geode Capital Management LLC now owns 217,786 shares of the medical instruments supplier’s stock worth $2,964,000 after acquiring an additional 116,901 shares during the period. Hedge funds and other institutional investors own 71.69% of the company’s stock.

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.