Lakeland Industries, Inc. (NASDAQ:LAKE) has received a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 12 month consensus price target of $17.50 for the company and are predicting that the company will post $0.19 EPS for the current quarter, according to Zacks. Zacks has also assigned Lakeland Industries an industry rank of 160 out of 265 based on the ratings given to related companies.

A number of research firms have recently commented on LAKE. Zacks Investment Research raised Lakeland Industries from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Tuesday, December 19th. TheStreet downgraded Lakeland Industries from a “b” rating to a “c+” rating in a research note on Friday, December 15th.

Several institutional investors and hedge funds have recently bought and sold shares of LAKE. Algert Global LLC raised its stake 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 buying an additional 199,964 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Lakeland Industries by 23.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 543,631 shares of the medical instruments supplier’s stock worth $7,665,000 after buying an additional 103,694 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Lakeland Industries by 132.6% in the 2nd quarter. Royal Bank of Canada now owns 155,970 shares of the medical instruments supplier’s stock worth $2,262,000 after buying an additional 88,910 shares in the last quarter. EAM Investors LLC bought a new stake in shares of Lakeland Industries in the 3rd quarter worth $593,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Lakeland Industries in the 2nd quarter worth $530,000. 54.80% of the stock is currently owned by institutional investors.

Shares of Lakeland Industries (NASDAQ:LAKE) opened at $14.40 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.21 and a current ratio of 6.43. The firm has a market capitalization of $116.87, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 1.63 and a beta of -0.13. Lakeland Industries has a 12 month low of $9.85 and a 12 month high of $17.18.

Lakeland Industries (NASDAQ:LAKE) last announced its earnings results on Friday, December 15th. The medical instruments supplier reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. Lakeland Industries had a return on equity of 8.21% and a net margin of 6.92%. equities research analysts expect that Lakeland Industries will post 0.88 earnings per share for the current fiscal year.

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Lakeland Industries Company Profile

Lakeland Industries, Inc (Lakeland) manufactures and sells a line of safety garments and accessories for the industrial and public protective clothing market. The Company’s product categories include limited use/disposable protective clothing; high-end chemical protective suits; firefighting, flame resistant personal protective equipment (FR PPE) and heat protective apparel; reusable woven garments; high visibility clothing, and glove and sleeves.

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