Lakeland Industries, Inc. (NASDAQ:LAKE) Receives Average Rating of “Hold” from Analysts

Lakeland Industries, Inc. (NASDAQ:LAKE) has earned a consensus recommendation of “Hold” from the five research firms that are currently covering the firm, MarketBeat reports. One 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 price objective among brokers that have covered the stock in the last year is $15.00.

Several equities analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Lakeland Industries from a “hold” rating to a “strong sell” rating in a report on Saturday, September 12th. Weiss Ratings upgraded shares of Lakeland Industries from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 29th. Roth Capital set a $17.00 price objective on shares of Lakeland Industries in a research report on Thursday, September 10th. Finally, DA Davidson reduced their price objective on Lakeland Industries from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Monday.

Hedge Funds Weigh In On Lakeland Industries

Large investors have recently bought and sold shares of the company. Bank of America Corp DE bought a new position in shares of Lakeland Industries during the 2nd quarter worth approximately $163,000. Ancora Advisors LLC bought a new stake in shares of Lakeland Industries in the second quarter worth $54,000. Expect Equity LLC acquired a new position in Lakeland Industries during the second quarter worth $921,000. Manatuck Hill Partners LLC acquired a new position in Lakeland Industries during the second quarter worth $431,000. Finally, BlackRock Inc. bought a new position in Lakeland Industries in the second quarter valued at $1,692,000. Institutional investors and hedge funds own 71.69% of the company’s stock.

Lakeland Industries Stock Performance

Shares of LAKE stock opened at $10.48 on Friday. The stock has a market cap of $104.07 million, a PE ratio of -3.87 and a beta of 1.45. The stock has a 50-day moving average of $11.39 and a 200-day moving average of $10.37. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.98 and a quick ratio of 1.34. Lakeland Industries has a one year low of $7.15 and a one year high of $18.00.

Lakeland Industries (NASDAQ:LAKE) last released its quarterly earnings data on Wednesday, September 9th. The medical instruments supplier reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.44). The firm had revenue of $50.14 million for the quarter, compared to the consensus estimate of $51.36 million. Lakeland Industries had a negative return on equity of 11.35% and a negative net margin of 13.99%. As a group, sell-side analysts expect that Lakeland Industries will post -0.48 earnings per share for the current year.

About Lakeland Industries

Lakeland Industries, Inc is a manufacturer and distributor of industrial and public-safety protective clothing and accessories. Its products are designed to help protect workers from chemical exposure, fire and heat, hazardous particles, infectious materials, and other workplace risks.

The company’s product portfolio includes disposable and limited-use garments, chemical-protective clothing, flame-resistant apparel, high-visibility clothing, gloves, sleeves, hoods, footwear, and related protective equipment.