Lakeland Industries (NASDAQ:LAKE) Upgraded to “Hold” at Zacks Research

Lakeland Industries (NASDAQ:LAKE) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Several other analysts have also recently issued reports on LAKE. Weiss Ratings restated a “sell (d)” rating on shares of Lakeland Industries in a research note on Thursday, January 22nd. Roth Mkm lowered their price target on Lakeland Industries from $27.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, December 10th. Lake Street Capital dropped their price target on Lakeland Industries from $26.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, December 10th. Wall Street Zen downgraded shares of Lakeland Industries from a “hold” rating to a “strong sell” rating in a report on Saturday, December 13th. Finally, UBS Group set a $14.00 target price on shares of Lakeland Industries in a report on Wednesday, December 10th. Two investment 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. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $16.50.

Lakeland Industries Stock Up 1.0%

Shares of NASDAQ:LAKE opened at $10.11 on Monday. The firm has a market cap of $99.14 million, a PE ratio of -2.30 and a beta of 1.30. The company has a fifty day simple moving average of $9.65 and a 200 day simple moving average of $13.26. The company has a current ratio of 3.83, a quick ratio of 1.48 and a debt-to-equity ratio of 0.28. Lakeland Industries has a 12-month low of $7.77 and a 12-month high of $25.53.

Insider Activity at Lakeland Industries

In other news, CFO Roger D. Shannon sold 8,869 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $8.06, for a total transaction of $71,484.14. Following the completion of the transaction, the chief financial officer owned 36,026 shares in the company, valued at approximately $290,369.56. This represents a 19.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought a total of 6,727 shares of company stock worth $58,548 in the last three months. 1.91% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LAKE. BNP Paribas Financial Markets raised its holdings in shares of Lakeland Industries by 87.8% during the third quarter. BNP Paribas Financial Markets now owns 1,795 shares of the medical instruments supplier’s stock valued at $27,000 after buying an additional 839 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in Lakeland Industries during the 2nd quarter valued at $31,000. Tripletail Wealth Management LLC bought a new stake in Lakeland Industries during the 3rd quarter valued at $49,000. Bank of America Corp DE boosted its position in Lakeland Industries by 189.9% during the 2nd quarter. Bank of America Corp DE now owns 4,177 shares of the medical instruments supplier’s stock worth $57,000 after acquiring an additional 2,736 shares during the period. Finally, JPMorgan Chase & Co. bought a new position in shares of Lakeland Industries in the second quarter worth $59,000. 71.69% of the stock is owned by institutional investors and hedge funds.

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.