Lakeland Industries (NASDAQ:LAKE) Given New $16.00 Price Target at Lake Street Capital

Lakeland Industries (NASDAQ:LAKE) had its price target decreased by equities researchers at Lake Street Capital from $19.00 to $16.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the medical instruments supplier’s stock. Lake Street Capital’s target price points to a potential upside of 95.36% from the stock’s previous close.

LAKE has been the topic of several other reports. Wall Street Zen lowered shares of Lakeland Industries from a “hold” rating to a “strong sell” rating in a report on Saturday, December 13th. Roth Mkm dropped their target price on shares of Lakeland Industries from $27.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, December 10th. Zacks Research raised Lakeland Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Weiss Ratings restated a “sell (d)” rating on shares of Lakeland Industries in a research note on Thursday, January 22nd. Finally, DA Davidson restated a “neutral” rating and set a $14.00 price target (down from $20.00) on shares of Lakeland Industries in a research report on Wednesday, December 10th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $15.75.

Lakeland Industries Trading Down 0.2%

NASDAQ LAKE traded down $0.02 during trading hours on Thursday, reaching $8.19. The company had a trading volume of 7,215 shares, compared to its average volume of 114,992. The company has a current ratio of 3.83, a quick ratio of 1.48 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $80.34 million, a P/E ratio of -1.87 and a beta of 1.34. The stock has a 50-day moving average of $8.99 and a 200 day moving average of $11.79. Lakeland Industries has a 1-year low of $7.15 and a 1-year high of $20.50.

Institutional Investors Weigh In On Lakeland Industries

Several large investors have recently added to or reduced their stakes in LAKE. Pacific Ridge Capital Partners LLC grew its stake in shares of Lakeland Industries by 62.3% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 772,015 shares of the medical instruments supplier’s stock worth $6,825,000 after purchasing an additional 296,222 shares in the last quarter. Kennedy Capital Management LLC acquired a new stake in Lakeland Industries in the third quarter valued at $2,287,000. Geode Capital Management LLC lifted its holdings in 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 worth $2,964,000 after buying an additional 116,901 shares during the last quarter. Royce & Associates LP lifted its holdings in Lakeland Industries by 10.0% during the 3rd quarter. Royce & Associates LP now owns 1,178,670 shares of the medical instruments supplier’s stock worth $17,444,000 after buying an additional 107,100 shares during the last quarter. Finally, Peapod Lane Capital LLC acquired a new position in shares of Lakeland Industries during the 4th quarter worth about $604,000. 71.69% of the stock is owned by hedge funds and other institutional investors.

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.