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

Brokers have set a twelve-month consensus target price of $15.00 for the company and are predicting that the company will post $0.20 EPS for the current quarter, according to Zacks. Zacks has also given Lakeland Industries an industry rank of 191 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research raised shares of Lakeland Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 19th.

LAKE stock opened at $11.97 on Wednesday. The company has a quick ratio of 3.20, a current ratio of 5.01 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $96.92 million, a price-to-earnings ratio of 29.20 and a beta of 0.74. Lakeland Industries has a 12 month low of $9.90 and a 12 month high of $14.65.

Lakeland Industries (NASDAQ:LAKE) last posted its earnings results on Monday, June 10th. The medical instruments supplier reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.14). The business had revenue of $24.68 million during the quarter, compared to the consensus estimate of $25.32 million. Lakeland Industries had a positive return on equity of 1.22% and a negative net margin of 0.88%. On average, equities research analysts predict that Lakeland Industries will post 0.75 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. Citigroup Inc. grew its position in Lakeland Industries by 80.2% in the first quarter. Citigroup Inc. now owns 8,630 shares of the medical instruments supplier’s stock worth $101,000 after acquiring an additional 3,840 shares in the last quarter. First Trust Advisors LP grew its position in 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 in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in Lakeland Industries by 116.0% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,220 shares of the medical instruments supplier’s stock worth $179,000 after acquiring an additional 8,175 shares in the last quarter. Teton Advisors Inc. grew its position in Lakeland Industries by 10.1% in the first quarter. Teton Advisors Inc. now owns 16,510 shares of the medical instruments supplier’s stock worth $194,000 after acquiring an additional 1,510 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new stake in shares of Lakeland Industries during the 4th quarter worth $306,000. 60.42% of the stock is owned by institutional investors.

About Lakeland Industries

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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