Lakeland Industries (NASDAQ:LAKE) Stock Rating Upgraded by Zacks Research

Lakeland Industries (NASDAQ:LAKE) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on the company. UBS Group set a $14.00 target price on Lakeland Industries in a research report on Wednesday, December 10th. Roth Mkm decreased their target price on Lakeland Industries from $27.00 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, December 10th. Wall Street Zen lowered Lakeland Industries from a “hold” rating to a “strong sell” rating in a report on Saturday, December 13th. Lake Street Capital dropped their price target on shares of Lakeland Industries from $26.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, December 10th. Finally, DA Davidson restated a “neutral” rating and set a $14.00 price objective (down previously from $20.00) on shares of Lakeland Industries in a research report on Wednesday, December 10th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Lakeland Industries has a consensus rating of “Hold” and a consensus target price of $16.50.

Lakeland Industries Trading Up 1.0%

Lakeland Industries stock opened at $10.11 on Monday. The firm has a 50 day simple moving average of $9.65 and a 200-day simple moving average of $13.26. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.83 and a quick ratio of 1.48. The stock has a market capitalization of $99.14 million, a PE ratio of -2.30 and a beta of 1.30. Lakeland Industries has a 12-month low of $7.77 and a 12-month high of $25.53.

Insider Activity at Lakeland Industries

In other news, CFO Roger D. Shannon sold 8,869 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $8.06, for a total transaction of $71,484.14. Following the completion of the sale, the chief financial officer directly owned 36,026 shares of the company’s stock, valued at $290,369.56. This represents a 19.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders acquired 6,727 shares of company stock worth $58,548 over the last three months. Corporate insiders own 1.91% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LAKE. BNP Paribas Financial Markets increased its position in shares of Lakeland Industries by 87.8% in the third quarter. BNP Paribas Financial Markets now owns 1,795 shares of the medical instruments supplier’s stock worth $27,000 after acquiring an additional 839 shares in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new position in Lakeland Industries in the 2nd quarter worth approximately $31,000. Tripletail Wealth Management LLC purchased a new position in Lakeland Industries during the 3rd quarter worth approximately $49,000. Bank of America Corp DE raised its stake in Lakeland Industries by 189.9% during the 2nd quarter. Bank of America Corp DE now owns 4,177 shares of the medical instruments supplier’s stock valued at $57,000 after purchasing an additional 2,736 shares during the period. Finally, JPMorgan Chase & Co. acquired a new stake in Lakeland Industries during the 2nd quarter valued at $59,000. 71.69% of the stock is currently owned by institutional investors and hedge funds.

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.