Lakeland Industries, Inc. (NASDAQ:LAKE) Given Average Rating of “Hold” by Brokerages

Lakeland Industries, Inc. (NASDAQ:LAKE) has earned a consensus rating of “Hold” from the five brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $15.20.

A number of analysts have issued reports on LAKE shares. DA Davidson raised Lakeland Industries from a “neutral” rating to a “buy” rating and boosted their target price for the company from $10.00 to $14.00 in a research report on Monday, April 20th. Maxim Group set a $16.00 price target on shares of Lakeland Industries in a research note on Monday, April 20th. Lake Street Capital dropped 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 note on Friday, April 17th. Finally, Wall Street Zen upgraded shares of Lakeland Industries from a “strong sell” rating to a “sell” rating in a research note on Saturday.

Lakeland Industries Stock Up 1.4%

Shares of NASDAQ LAKE opened at $9.54 on Wednesday. The firm has a market cap of $94.06 million, a price-to-earnings ratio of -3.70 and a beta of 1.45. The company has a quick ratio of 1.36, a current ratio of 3.53 and a debt-to-equity ratio of 0.24. Lakeland Industries has a 52-week low of $7.15 and a 52-week high of $18.00. The business’s 50 day moving average is $9.87 and its two-hundred day moving average is $9.87.

Lakeland Industries (NASDAQ:LAKE) last announced its earnings results on Tuesday, June 9th. The medical instruments supplier reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.18. The company had revenue of $47.42 million for the quarter, compared to analyst estimates of $47.36 million. Lakeland Industries had a negative return on equity of 9.57% and a negative net margin of 13.14%. Research analysts predict that Lakeland Industries will post 0.25 EPS for the current year.

Hedge Funds Weigh In On Lakeland Industries

Several institutional investors have recently modified their holdings of LAKE. Cubist Systematic Strategies LLC acquired a new position in shares of Lakeland Industries in the first quarter worth $164,000. Goldman Sachs Group Inc. grew its stake in shares of Lakeland Industries by 42.3% in the first quarter. Goldman Sachs Group Inc. now owns 44,435 shares of the medical instruments supplier’s stock worth $902,000 after acquiring an additional 13,219 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Lakeland Industries by 107.7% in the first quarter. Jane Street Group LLC now owns 40,180 shares of the medical instruments supplier’s stock worth $816,000 after acquiring an additional 20,832 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Lakeland Industries by 115.9% in the second quarter. Geode Capital Management LLC now owns 217,786 shares of the medical instruments supplier’s stock worth $2,964,000 after acquiring an additional 116,901 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in shares of Lakeland Industries in the second quarter worth $59,000. Institutional investors and hedge funds own 71.69% of the company’s stock.

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.