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

Brokers have set a 1 year consensus price objective of $15.00 for the company and are forecasting that the company will post $0.14 EPS for the current quarter, according to Zacks. Zacks has also assigned Lakeland Industries an industry rank of 100 out of 255 based on the ratings given to related companies.

Several research analysts have issued reports on the stock. Zacks Investment Research cut shares of Lakeland Industries from a “hold” rating to a “sell” rating in a report on Wednesday, December 12th. ValuEngine cut shares of Lakeland Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd.

Institutional investors have recently modified their holdings of the business. First Trust Advisors LP grew its stake in shares of Lakeland Industries by 18.7% in the fourth quarter. First Trust Advisors LP now owns 13,461 shares of the medical instruments supplier’s stock worth $141,000 after acquiring an additional 2,120 shares during the period. Teton Advisors Inc. grew its stake in shares of Lakeland Industries by 22.8% in the fourth quarter. Teton Advisors Inc. now owns 15,000 shares of the medical instruments supplier’s stock worth $157,000 after acquiring an additional 2,789 shares during the period. Prudential Financial Inc. grew its stake in shares of Lakeland Industries by 34.0% in the third quarter. Prudential Financial Inc. now owns 19,300 shares of the medical instruments supplier’s stock worth $257,000 after acquiring an additional 4,900 shares during the period. Equitable Trust Co. bought a new stake in shares of Lakeland Industries in the third quarter worth approximately $304,000. Finally, Municipal Employees Retirement System of Michigan bought a new stake in shares of Lakeland Industries in the fourth quarter worth approximately $306,000. 58.93% of the stock is owned by institutional investors and hedge funds.

Shares of Lakeland Industries stock opened at $11.76 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.99 and a quick ratio of 2.88. The stock has a market capitalization of $95.49 million, a price-to-earnings ratio of 16.33 and a beta of 0.73. Lakeland Industries has a 52-week low of $9.90 and a 52-week high of $16.85.

Lakeland Industries Company Profile

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. It 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 firefighting and heat protective apparel to protect against fire, burns, and excessive heat.

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