Shares of Lakeland Industries (NASDAQ:LAKE) have been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Brokerages have set a one year consensus price target of $17.50 for the company and are expecting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also given Lakeland Industries an industry rank of 18 out of 265 based on the ratings given to related companies.
A number of brokerages have issued reports on LAKE. Zacks Investment Research upgraded shares of Lakeland Industries from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Thursday, February 8th. TheStreet cut shares of Lakeland Industries from a “b” rating to a “c+” rating in a research report on Friday, December 15th.
A number of institutional investors and hedge funds have recently made changes to their positions in LAKE. Algert Global LLC increased its holdings in shares of Lakeland Industries by 776.0% in the 3rd quarter. Algert Global LLC now owns 225,733 shares of the medical instruments supplier’s stock worth $3,183,000 after acquiring an additional 199,964 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Lakeland Industries by 23.6% during the third quarter. Dimensional Fund Advisors LP now owns 543,631 shares of the medical instruments supplier’s stock valued at $7,665,000 after acquiring an additional 103,694 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Lakeland Industries by 79.6% during the fourth quarter. Wells Fargo & Company MN now owns 139,054 shares of the medical instruments supplier’s stock valued at $2,023,000 after acquiring an additional 61,634 shares during the period. Bailard Inc. bought a new position in shares of Lakeland Industries during the fourth quarter valued at $695,000. Finally, Skylands Capital LLC bought a new position in shares of Lakeland Industries during the fourth quarter valued at $437,000. Institutional investors own 57.28% of the company’s stock.
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About Lakeland Industries
Lakeland Industries, Inc manufactures and sells a range of safety garments and accessories for the industrial and public protective clothing market in the United States and internationally. The company offers limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks; high-end chemical protective suits to provide protection from highly concentrated, and hazardous chemical and biological toxins; and fire fighting and heat protective apparel, which protects against fire, burns, and excessive heat.
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