Lakeland Industries, Inc. (NASDAQ:LAKE) Given Consensus Recommendation of “Hold” by Analysts

Shares of Lakeland Industries, Inc. (NASDAQ:LAKE) have received a consensus rating of “Hold” from the five analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $16.00.

LAKE has been the topic of a number of recent analyst reports. Lake Street Capital reduced their price target on Lakeland Industries from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, April 17th. Maxim Group set a $16.00 price objective on Lakeland Industries in a research report on Monday, April 20th. DA Davidson upped their target price on Lakeland Industries from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Wall Street Zen downgraded Lakeland Industries from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Finally, Weiss Ratings raised Lakeland Industries from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 29th.

Lakeland Industries Stock Performance

NASDAQ:LAKE opened at $12.36 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.09 and a quick ratio of 1.34. The firm has a market cap of $121.99 million, a PE ratio of -5.80 and a beta of 1.45. The firm has a 50 day simple moving average of $10.43 and a 200-day simple moving average of $9.51. Lakeland Industries has a 1-year low of $7.15 and a 1-year high of $18.00.

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, 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%. On average, equities analysts expect that Lakeland Industries will post -0.28 EPS for the current year.

Institutional Investors Weigh In On Lakeland Industries

Hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC acquired a new position in Lakeland Industries during the first quarter worth approximately $164,000. Goldman Sachs Group Inc. boosted its holdings in shares of Lakeland Industries by 42.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 44,435 shares of the medical instruments supplier’s stock valued at $902,000 after purchasing an additional 13,219 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Lakeland Industries by 107.7% during the 1st quarter. Jane Street Group LLC now owns 40,180 shares of the medical instruments supplier’s stock valued at $816,000 after buying an additional 20,832 shares during the period. Geode Capital Management LLC grew its stake in shares of Lakeland Industries by 115.9% during the 2nd quarter. Geode Capital Management LLC now owns 217,786 shares of the medical instruments supplier’s stock valued at $2,964,000 after buying an additional 116,901 shares during the period. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Lakeland Industries during the 2nd quarter worth $59,000. 71.69% of the stock is 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.