Shares of Lakeland Industries, Inc. (NASDAQ:LAKE) have earned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a one year consensus target price of $17.50 for the company and are anticipating that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Lakeland Industries an industry rank of 173 out of 265 based on the ratings given to its competitors.

Several brokerages have commented on LAKE. Zacks Investment Research upgraded shares of Lakeland Industries from a “sell” rating to a “hold” rating in a report on Tuesday, September 19th. ValuEngine upgraded shares of Lakeland Industries from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Roth Capital began coverage on shares of Lakeland Industries in a report on Wednesday, August 23rd. They issued a “buy” rating and a $18.00 target price for the company.

Shares of Lakeland Industries (NASDAQ LAKE) traded up $0.55 on Friday, hitting $15.00. 52,300 shares of the company’s stock traded hands, compared to its average volume of 60,479. Lakeland Industries has a one year low of $9.85 and a one year high of $17.18. The firm has a market capitalization of $116.07, a PE ratio of 17.62, a price-to-earnings-growth ratio of 1.73 and a beta of -0.11. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.70 and a current ratio of 5.75.

Lakeland Industries (NASDAQ:LAKE) last announced its earnings results on Wednesday, September 13th. The medical instruments supplier reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. Lakeland Industries had a net margin of 6.65% and a return on equity of 8.27%. The company had revenue of $23.90 million during the quarter, compared to analysts’ expectations of $23.91 million. During the same period last year, the company posted $0.20 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. sell-side analysts forecast that Lakeland Industries will post 0.84 EPS for the current year.

Several hedge funds have recently bought and sold shares of the stock. Teton Advisors Inc. boosted its holdings in shares of Lakeland Industries by 7.1% during the second 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 period. Vanguard Group Inc. boosted its holdings in shares of Lakeland Industries by 0.8% during the second quarter. Vanguard Group Inc. now owns 302,567 shares of the medical instruments supplier’s stock worth $4,387,000 after purchasing an additional 2,290 shares during the period. HighTower Advisors LLC boosted its holdings in shares of Lakeland Industries by 6.5% during the second quarter. HighTower Advisors LLC now owns 43,665 shares of the medical instruments supplier’s stock worth $631,000 after purchasing an additional 2,668 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Lakeland Industries by 8.4% during the third quarter. Wells Fargo & Company MN now owns 77,420 shares of the medical instruments supplier’s stock worth $1,092,000 after purchasing an additional 5,972 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Lakeland Industries by 54.8% during the first 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 period. Institutional investors and hedge funds own 55.35% of the company’s stock.

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Lakeland Industries Company Profile

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.

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