Lakeland Industries, Inc. (NASDAQ:LAKE) Receives $16.00 Consensus Target Price from Analysts

Lakeland Industries, Inc. (NASDAQ:LAKE) has earned an average rating of “Hold” from the five brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $16.00.

Several research analysts recently commented on LAKE shares. Wall Street Zen upgraded Lakeland Industries from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. DA Davidson lifted their price objective on Lakeland Industries from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Finally, Weiss Ratings raised Lakeland Industries from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 29th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its holdings in 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 worth $27,000 after acquiring an additional 839 shares in the last quarter. Persistent Asset Partners Ltd bought a new position in shares of Lakeland Industries during the second quarter worth about $38,000. Bank of America Corp DE lifted its position in shares of Lakeland Industries by 189.9% during the second quarter. Bank of America Corp DE now owns 4,177 shares of the medical instruments supplier’s stock worth $57,000 after purchasing an additional 2,736 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Lakeland Industries in the second quarter worth about $59,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Lakeland Industries in the second quarter worth about $68,000. 71.69% of the stock is currently owned by institutional investors.

Lakeland Industries Stock Down 0.8%

Shares of NASDAQ:LAKE opened at $11.86 on Monday. The company has a quick ratio of 1.34, a current ratio of 3.09 and a debt-to-equity ratio of 0.20. Lakeland Industries has a 52-week low of $7.15 and a 52-week high of $18.00. The company has a 50 day moving average of $11.43 and a two-hundred day moving average of $10.22. The company has a market capitalization of $117.06 million, a price-to-earnings ratio of -5.57 and a beta of 1.43.

Lakeland Industries (NASDAQ:LAKE) last issued its quarterly earnings data on Tuesday, June 9th. The medical instruments supplier reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.18. The firm had revenue of $47.42 million for the quarter, compared to analyst estimates of $47.36 million. Lakeland Industries had a negative net margin of 10.87% and a negative return on equity of 6.64%. As a group, analysts forecast that Lakeland Industries will post -0.28 earnings per share for the current fiscal year.

About Lakeland Industries

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.