Lakeland Industries (NASDAQ:LAKE) Downgraded by ValuEngine to Buy
Other analysts have also recently issued research reports about the company. Roth Capital set a $15.00 target price on Lakeland Industries and gave the company a buy rating in a research report on Tuesday. Zacks Investment Research raised Lakeland Industries from a hold rating to a buy rating and set a $13.00 target price on the stock in a research report on Thursday.
NASDAQ:LAKE traded up $0.38 during midday trading on Thursday, hitting $11.88. The stock had a trading volume of 4,355 shares, compared to its average volume of 15,968. Lakeland Industries has a one year low of $9.70 and a one year high of $14.44. The company has a market capitalization of $90.69 million, a price-to-earnings ratio of 28.98 and a beta of 0.61. The stock has a 50-day moving average of $10.72 and a 200 day moving average of $11.45. The company has a quick ratio of 2.09, a current ratio of 5.49 and a debt-to-equity ratio of 0.04.
Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Lakeland Industries by 6.4% during the 2nd quarter. BlackRock Inc. now owns 48,078 shares of the medical instruments supplier’s stock valued at $539,000 after purchasing an additional 2,890 shares during the last quarter. Granite Investment Partners LLC lifted its holdings in shares of Lakeland Industries by 88.6% during the 1st quarter. Granite Investment Partners LLC now owns 50,854 shares of the medical instruments supplier’s stock valued at $597,000 after purchasing an additional 23,894 shares during the last quarter. Equitable Trust Co. lifted its holdings in shares of Lakeland Industries by 6.2% during the 2nd quarter. Equitable Trust Co. now owns 56,449 shares of the medical instruments supplier’s stock valued at $632,000 after purchasing an additional 3,300 shares during the last quarter. Kennedy Capital Management Inc. purchased a new stake in shares of Lakeland Industries during the 1st quarter valued at $1,723,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Lakeland Industries by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 316,934 shares of the medical instruments supplier’s stock valued at $3,550,000 after purchasing an additional 10,278 shares during the last quarter. Hedge funds and other institutional investors own 60.33% of the company’s stock.
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.
Featured Article: What is the Dividend Aristocrat Index?
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Lakeland Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lakeland Industries and related companies with MarketBeat.com's FREE daily email newsletter.