Zacks Investment Research Upgrades Lakeland Industries, Inc. (LAKE) to Hold
Lakeland Industries, Inc. (NASDAQ:LAKE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “LAKELAND INDUSTRIES, INC. has five divisions and three wholly-owned subsidiaries: One large division manufactures disposable/limited use garments and the four smaller divisions, Chemland, manufactures suits for use by toxic waste clean up teams; Fireland Fyrepel Products, manufactures fire and heat protective apparel and protective systems for personnel; Highland, manufactures specialty safety and industrial work gloves and Uniland, manufactures industrial and medical woven cloth garments. “
A number of other research firms also recently commented on LAKE. ValuEngine downgraded Lakeland Industries from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Roth Capital started coverage on Lakeland Industries in a report on Wednesday, August 23rd. They set a “buy” rating and a $18.00 target price on the stock. Finally, TheStreet raised Lakeland Industries from a “c+” rating to a “b” rating in a report on Wednesday, June 28th.
Lakeland Industries (LAKE) opened at 13.70 on Tuesday. The firm has a market cap of $99.52 million, a price-to-earnings ratio of 18.03 and a beta of -0.10. The firm’s 50-day moving average price is $14.38 and its 200 day moving average price is $12.54. Lakeland Industries has a 52-week low of $9.61 and a 52-week high of $17.18.
Lakeland Industries (NASDAQ:LAKE) last released its earnings results on Wednesday, September 13th. The medical instruments supplier reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. Lakeland Industries had a return on equity of 8.27% and a net margin of 6.65%. The company had revenue of $23.90 million for the quarter, compared to the consensus estimate of $23.91 million. During the same quarter last year, the business posted $0.20 EPS. Lakeland Industries’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities research analysts forecast that Lakeland Industries will post $0.81 EPS for the current year.
ILLEGAL ACTIVITY WARNING: “Zacks Investment Research Upgrades Lakeland Industries, Inc. (LAKE) to Hold” was first published by Daily Political and is owned by of Daily Political. If you are reading this article on another publication, it was stolen and republished in violation of United States and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.dailypolitical.com/2017/09/18/zacks-investment-research-upgrades-lakeland-industries-inc-lake-to-hold.html.
Several hedge funds and other institutional investors have recently made changes to their positions in LAKE. Nationwide Fund Advisors lifted its holdings in shares of Lakeland Industries by 4,456.5% in the 2nd quarter. Nationwide Fund Advisors now owns 9,113 shares of the medical instruments supplier’s stock worth $132,000 after purchasing an additional 8,913 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of Lakeland Industries in the 2nd quarter worth approximately $164,000. TFS Capital LLC lifted its holdings in shares of Lakeland Industries by 35.5% in the 1st quarter. TFS Capital LLC now owns 15,446 shares of the medical instruments supplier’s stock worth $166,000 after purchasing an additional 4,043 shares during the last quarter. Teton Advisors Inc. lifted its holdings in shares of Lakeland Industries by 7.1% in the 2nd quarter. Teton Advisors Inc. now owns 12,211 shares of the medical instruments supplier’s stock worth $177,000 after purchasing an additional 811 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Lakeland Industries by 54.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 19,556 shares of the medical instruments supplier’s stock worth $210,000 after purchasing an additional 6,924 shares during the last quarter. 42.35% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Lakeland Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lakeland Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.