Lakeland Industries, Inc. (NASDAQ:LAKE) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokers have set a 1 year consensus price target of $18.00 for the company and are anticipating that the company will post $0.22 EPS for the current quarter, according to Zacks. Zacks has also given Lakeland Industries an industry rank of 174 out of 257 based on the ratings given to its competitors.

LAKE has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Lakeland Industries from a “hold” rating to a “sell” rating in a report on Thursday, September 13th. Roth Capital reissued a “buy” rating on shares of Lakeland Industries in a research report on Sunday, September 9th. Finally, ValuEngine raised shares of Lakeland Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, November 13th.

Shares of Lakeland Industries stock opened at $13.56 on Friday. 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 $12.18 and a 1-year high of $16.85. The stock has a market cap of $112.33 million, a price-to-earnings ratio of 18.83 and a beta of 0.12.

Lakeland Industries (NASDAQ:LAKE) last issued its quarterly earnings results on Monday, September 10th. The medical instruments supplier reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.02). Lakeland Industries had a positive return on equity of 5.73% and a negative net margin of 0.23%. The business had revenue of $25.62 million for the quarter, compared to analyst estimates of $25.10 million. On average, sell-side analysts forecast that Lakeland Industries will post 0.85 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the company. SG3 Management LLC bought a new position in shares of Lakeland Industries during the 2nd quarter worth about $200,000. Prudential Financial Inc. boosted its position in shares of Lakeland Industries by 34.0% during the 3rd quarter. Prudential Financial Inc. now owns 19,300 shares of the medical instruments supplier’s stock worth $257,000 after purchasing an additional 4,900 shares in the last quarter. Equitable Trust Co. bought a new position in shares of Lakeland Industries during the 3rd quarter worth about $304,000. Wedge Capital Management L L P NC bought a new position in shares of Lakeland Industries during the 2nd quarter worth about $368,000. Finally, First Wilshire Securities Management Inc. boosted its position in shares of Lakeland Industries by 8.8% during the 3rd quarter. First Wilshire Securities Management Inc. now owns 136,310 shares of the medical instruments supplier’s stock worth $1,813,000 after purchasing an additional 10,968 shares in the last quarter. 56.61% 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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