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

Analysts have set a 1 year consensus price objective of $18.00 for the company and are anticipating that the company will post $0.22 earnings per share for the current quarter, according to Zacks. Zacks has also given Lakeland Industries an industry rank of 151 out of 257 based on the ratings given to its competitors.

Several equities research analysts recently commented on the company. Roth Capital reaffirmed a “buy” rating on shares of Lakeland Industries in a research report on Sunday, September 9th. Zacks Investment Research cut Lakeland Industries from a “hold” rating to a “sell” rating in a research report on Thursday, September 13th. Finally, ValuEngine raised Lakeland Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, November 13th.

Shares of Lakeland Industries stock traded up $0.05 during trading on Monday, hitting $12.05. 33,419 shares of the company’s stock traded hands, compared to its average volume of 17,454. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.81 and a quick ratio of 2.87. Lakeland Industries has a 1 year low of $11.90 and a 1 year high of $16.85. The stock has a market capitalization of $97.39 million, a PE ratio of 16.74 and a beta of 0.14.

Lakeland Industries (NASDAQ:LAKE) last released its quarterly earnings data on Monday, September 10th. The medical instruments supplier reported $0.12 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.02). Lakeland Industries had a negative net margin of 0.23% and a positive return on equity of 5.73%. The business had revenue of $25.62 million for the quarter, compared to analysts’ expectations of $25.10 million. As a group, sell-side analysts expect that Lakeland Industries will post 0.85 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in LAKE. Ariel Investments LLC purchased a new stake in shares of Lakeland Industries during the second quarter valued at $6,718,000. Private Capital Management LLC purchased a new stake in shares of Lakeland Industries during the third quarter valued at $3,587,000. Heartland Advisors Inc. purchased a new stake in shares of Lakeland Industries during the third quarter valued at $2,660,000. North Star Investment Management Corp. boosted its position in Lakeland Industries by 30.5% in the third quarter. North Star Investment Management Corp. now owns 188,450 shares of the medical instruments supplier’s stock worth $2,506,000 after purchasing an additional 44,000 shares during the last quarter. Finally, Wedge Capital Management L L P NC purchased a new position in Lakeland Industries in the second quarter worth about $368,000. 57.27% of the stock is currently 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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