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

Brokerages have set a 12-month consensus price target of $18.00 for the company and are anticipating that the company will post $0.22 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Lakeland Industries an industry rank of 111 out of 257 based on the ratings given to related companies.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Lakeland Industries from a “sell” rating to a “hold” rating in a report on Saturday. Roth Capital reissued a “buy” rating on shares of Lakeland Industries in a report on Sunday, September 9th.

Shares of Lakeland Industries stock traded down $0.18 on Friday, reaching $13.27. The stock had a trading volume of 8,459 shares, compared to its average volume of 14,867. Lakeland Industries has a 1 year low of $12.18 and a 1 year high of $16.85. The company has a market cap of $107.54 million, a price-to-earnings ratio of 18.43 and a beta of 0.12. The company has a current ratio of 6.81, a quick ratio of 2.87 and a debt-to-equity ratio of 0.01.

Lakeland Industries (NASDAQ:LAKE) last announced its quarterly earnings results on Monday, September 10th. The medical instruments supplier reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). Lakeland Industries had a positive return on equity of 5.73% and a negative net margin of 0.23%. The firm had revenue of $25.62 million during the quarter, compared to analysts’ expectations of $25.10 million. On average, sell-side analysts predict that Lakeland Industries will post 0.85 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Prudential Financial Inc. raised its stake in Lakeland Industries by 34.0% in the third quarter. Prudential Financial Inc. now owns 19,300 shares of the medical instruments supplier’s stock valued at $257,000 after purchasing an additional 4,900 shares in the last quarter. Wells Fargo & Company MN raised its stake in Lakeland Industries by 5.3% in the first quarter. Wells Fargo & Company MN now owns 146,482 shares of the medical instruments supplier’s stock valued at $1,897,000 after purchasing an additional 7,428 shares in the last quarter. SG3 Management LLC purchased a new stake in Lakeland Industries in the second quarter valued at approximately $200,000. Wedge Capital Management L L P NC purchased a new stake in Lakeland Industries in the second quarter valued at approximately $368,000. Finally, North Star Investment Management Corp. raised its stake in Lakeland Industries by 30.5% in the third quarter. North Star Investment Management Corp. now owns 188,450 shares of the medical instruments supplier’s stock valued at $2,506,000 after purchasing an additional 44,000 shares in the last quarter. 56.68% of the stock is currently owned by institutional investors and hedge funds.

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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