Lakeland Industries, Inc. (NASDAQ:LAKE) Given Consensus Recommendation of “Hold” by Analysts

Shares of Lakeland Industries, Inc. (NASDAQ:LAKE) have been given an average rating of “Hold” by the five research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $16.00.

A number of equities analysts have recently issued reports on LAKE shares. DA Davidson upped their price target on Lakeland Industries from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Wall Street Zen upgraded Lakeland Industries from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, Weiss Ratings upgraded Lakeland Industries from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 29th.

Institutional Investors Weigh In On Lakeland Industries

A number of large investors have recently modified their holdings of LAKE. Pacific Ridge Capital Partners LLC increased its stake in Lakeland Industries by 62.3% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 772,015 shares of the medical instruments supplier’s stock valued at $6,825,000 after purchasing an additional 296,222 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Lakeland Industries in the 2nd quarter valued at $1,692,000. Kennedy Capital Management LLC purchased a new position in Lakeland Industries in the 3rd quarter worth $2,287,000. Geode Capital Management LLC raised its stake in 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 worth $2,964,000 after acquiring an additional 116,901 shares during the last quarter. Finally, Expect Equity LLC acquired a new stake in Lakeland Industries during the 2nd quarter worth about $921,000. Hedge funds and other institutional investors own 71.69% of the company’s stock.

Lakeland Industries Price Performance

Shares of Lakeland Industries stock opened at $11.25 on Monday. The firm’s 50 day moving average price is $11.27 and its 200-day moving average price is $10.15. The company has a quick ratio of 1.34, a current ratio of 3.09 and a debt-to-equity ratio of 0.20. Lakeland Industries has a 52-week low of $7.15 and a 52-week high of $18.00. The company has a market cap of $111.04 million, a P/E ratio of -5.28 and a beta of 1.43.

Lakeland Industries (NASDAQ:LAKE) last posted its earnings results on Tuesday, June 9th. The medical instruments supplier reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.18. The company had revenue of $47.42 million during the quarter, compared to analysts’ expectations of $47.36 million. Lakeland Industries had a negative net margin of 10.87% and a negative return on equity of 6.64%. On average, sell-side analysts predict that Lakeland Industries will post -0.28 EPS for the current fiscal year.

Lakeland Industries Company Profile

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.