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

Shares of Lakeland Industries, Inc. (NASDAQ:LAKE) have received an average recommendation of “Hold” from the five brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $16.00.

Several research firms recently commented on LAKE. Weiss Ratings upgraded shares of Lakeland Industries from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 29th. Maxim Group set a $16.00 price objective on shares of Lakeland Industries in a research report on Monday, April 20th. Wall Street Zen lowered shares of Lakeland Industries from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. DA Davidson lifted their target price on shares of Lakeland Industries from $14.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Finally, Lake Street Capital decreased their price target on shares of Lakeland Industries from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, April 17th.

Institutional Investors Weigh In On Lakeland Industries

Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its holdings in shares of Lakeland Industries by 87.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,795 shares of the medical instruments supplier’s stock valued at $27,000 after buying an additional 839 shares during the period. Bank of America Corp DE grew its position in Lakeland Industries by 189.9% in the second quarter. Bank of America Corp DE now owns 4,177 shares of the medical instruments supplier’s stock valued at $57,000 after acquiring an additional 2,736 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in Lakeland Industries in the second quarter valued at approximately $59,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Lakeland Industries during the second quarter valued at approximately $68,000. Finally, Wells Fargo & Company MN increased its stake in Lakeland Industries by 35.5% during the 4th quarter. Wells Fargo & Company MN now owns 9,514 shares of the medical instruments supplier’s stock worth $84,000 after buying an additional 2,492 shares during the period. Hedge funds and other institutional investors own 71.69% of the company’s stock.

Lakeland Industries Stock Performance

Lakeland Industries stock opened at $12.36 on Friday. The stock’s 50-day moving average is $10.43 and its 200-day moving average is $9.51. The company has a market cap of $121.99 million, a price-to-earnings ratio of -5.80 and a beta of 1.45. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.09 and a quick ratio of 1.34. Lakeland Industries has a 12 month low of $7.15 and a 12 month high of $18.00.

Lakeland Industries (NASDAQ:LAKE) last released its quarterly earnings data on Tuesday, June 9th. The medical instruments supplier reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.18. Lakeland Industries had a negative return on equity of 6.64% and a negative net margin of 10.87%.The business had revenue of $47.42 million for the quarter, compared to analyst estimates of $47.36 million. Equities analysts anticipate that Lakeland Industries will post -0.28 earnings per share for the current 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.