Lakeland Industries, Inc. (NASDAQ:LAKE) posted its quarterly earnings results on Wednesday. The medical instruments supplier reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.05, Briefing.com reports. The company had revenue of $23.90 million for the quarter, compared to the consensus estimate of $23.91 million. Lakeland Industries had a net margin of 6.31% and a return on equity of 7.87%. Lakeland Industries’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 earnings per share.

Shares of Lakeland Industries (LAKE) traded up 0.36% on Thursday, reaching $13.85. 34,293 shares of the company’s stock traded hands. The firm has a market capitalization of $100.61 million, a P/E ratio of 18.22 and a beta of -0.10. The company’s 50-day moving average is $14.62 and its 200-day moving average is $12.44. Lakeland Industries has a 52 week low of $9.23 and a 52 week high of $17.18.

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Several institutional investors have recently modified their holdings of the company. Wellington Management Group LLP raised its stake in Lakeland Industries by 2.3% during the 1st quarter. Wellington Management Group LLP now owns 718,839 shares of the medical instruments supplier’s stock valued at $7,728,000 after purchasing an additional 16,200 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Lakeland Industries by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 439,937 shares of the medical instruments supplier’s stock valued at $6,379,000 after purchasing an additional 14,594 shares during the last quarter. Renaissance Technologies LLC raised its stake in Lakeland Industries by 2.2% during the 1st quarter. Renaissance Technologies LLC now owns 393,202 shares of the medical instruments supplier’s stock valued at $4,227,000 after purchasing an additional 8,400 shares during the last quarter. Vanguard Group Inc. raised its stake in Lakeland Industries by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 302,567 shares of the medical instruments supplier’s stock valued at $4,387,000 after purchasing an additional 2,290 shares during the last quarter. Finally, First Wilshire Securities Management Inc. raised its stake in Lakeland Industries by 198.4% during the 1st quarter. First Wilshire Securities Management Inc. now owns 279,614 shares of the medical instruments supplier’s stock valued at $3,006,000 after purchasing an additional 185,909 shares during the last quarter. Institutional investors and hedge funds own 42.35% of the company’s stock.

LAKE has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Lakeland Industries from a “hold” rating to a “sell” rating in a research note on Tuesday. ValuEngine raised shares of Lakeland Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Roth Capital initiated coverage on shares of Lakeland Industries in a research note on Wednesday, August 23rd. They issued a “buy” rating and a $18.00 target price on the stock. Finally, TheStreet raised shares of Lakeland Industries from a “c+” rating to a “b” rating in a research note on Wednesday, June 28th.

About Lakeland Industries

Lakeland Industries, Inc (Lakeland) manufactures and sells a line of safety garments and accessories for the industrial and public protective clothing market. The Company’s product categories include limited use/disposable protective clothing; high-end chemical protective suits; firefighting, flame resistant personal protective equipment (FR PPE) and heat protective apparel; reusable woven garments; high visibility clothing, and glove and sleeves.

Earnings History for Lakeland Industries (NASDAQ:LAKE)

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