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

Shares of Lakeland Industries, Inc. (NASDAQ:LAKE) have earned an average recommendation of “Hold” from the five brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $15.00.

A number of research firms recently commented on LAKE. Zacks Research lowered Lakeland Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 13th. Roth Capital set a $17.00 price target on shares of Lakeland Industries in a research report on Thursday, September 10th. DA Davidson cut their price target 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 restated a “sell (d-)” rating on shares of Lakeland Industries in a research note on Friday, September 25th. Finally, Wall Street Zen lowered Lakeland Industries from a “hold” rating to a “strong sell” rating in a report on Saturday, September 12th.

Lakeland Industries Stock Performance

Shares of Lakeland Industries stock opened at $9.09 on Tuesday. The company has a market cap of $90.26 million, a PE ratio of -3.35 and a beta of 1.45. Lakeland Industries has a 52 week low of $7.15 and a 52 week high of $17.72. The business has a 50 day moving average price of $10.91 and a 200-day moving average price of $10.61. 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) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.44). The company had revenue of $50.14 million during the quarter, compared to the consensus estimate of $51.36 million. Lakeland Industries had a negative net margin of 13.99% and a negative return on equity of 11.35%. Equities analysts anticipate that Lakeland Industries will post -0.48 earnings per share for the current fiscal year.

Institutional Trading of Lakeland Industries

A number of hedge funds have recently bought and sold shares of the business. Persistent Asset Partners Ltd bought a new position in Lakeland Industries in the 2nd quarter valued at $38,000. Ancora Advisors LLC purchased a new stake in shares of Lakeland Industries during the 2nd quarter valued at $54,000. Sei Investments Co. purchased a new stake in shares of Lakeland Industries during the 1st quarter valued at $88,000. Bank of America Corp DE bought a new stake in Lakeland Industries in the second quarter worth about $163,000. Finally, R Squared Ltd bought a new stake in Lakeland Industries in the first quarter worth about $125,000. 71.69% of the stock is currently owned by institutional investors.

About Lakeland Industries

Lakeland Industries, Inc is a manufacturer and distributor of industrial and public-safety protective clothing. The company develops apparel and related products designed to help protect workers from chemical exposure, hazardous materials, fire, heat, cold, airborne particles and other workplace risks.

Its product portfolio includes disposable and limited-use garments, chemical-resistant suits, flame-resistant and high-visibility clothing, heat- and cold-protective apparel, protective gloves and other personal protective equipment.