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

Lakeland Industries, Inc. (NASDAQ:LAKE) has earned a consensus rating of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $16.00.

Several brokerages have recently issued reports on LAKE. Wall Street Zen upgraded shares of Lakeland Industries from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings raised shares of Lakeland Industries from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 29th. Finally, DA Davidson increased their target price on shares of Lakeland Industries from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, June 11th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LAKE. BNP Paribas Financial Markets increased its holdings in shares of Lakeland Industries by 87.8% in the third quarter. BNP Paribas Financial Markets now owns 1,795 shares of the medical instruments supplier’s stock valued at $27,000 after purchasing an additional 839 shares during the last quarter. Persistent Asset Partners Ltd acquired a new position in Lakeland Industries during the second quarter worth $38,000. Ancora Advisors LLC purchased a new stake in Lakeland Industries in the 2nd quarter valued at $54,000. Bank of America Corp DE grew its holdings in Lakeland Industries by 189.9% in the 2nd quarter. Bank of America Corp DE now owns 4,177 shares of the medical instruments supplier’s stock valued at $57,000 after buying an additional 2,736 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in Lakeland Industries in the 2nd quarter valued at $59,000. 71.69% of the stock is currently owned by institutional investors and hedge funds.

Lakeland Industries Stock Performance

Shares of NASDAQ LAKE opened at $11.25 on Monday. Lakeland Industries has a 1 year low of $7.15 and a 1 year high of $18.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.34 and a current ratio of 3.09. The company has a market capitalization of $111.04 million, a PE ratio of -5.28 and a beta of 1.43. The company’s fifty day moving average price is $11.27 and its 200 day moving average price is $10.15.

Lakeland Industries (NASDAQ:LAKE) last announced its quarterly earnings results on Tuesday, June 9th. The medical instruments supplier reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.18. Lakeland Industries had a negative return on equity of 6.64% and a negative net margin of 10.87%.The firm had revenue of $47.42 million during the quarter, compared to analyst estimates of $47.36 million. On average, research analysts predict that Lakeland Industries will post -0.28 earnings per share for the current 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.