Lakeland Industries, Inc. (NASDAQ:LAKE) Receives Consensus Rating of “Hold” from Brokerages

Lakeland Industries, Inc. (NASDAQ:LAKE) has received a consensus recommendation of “Hold” from the five brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $16.50.

A number of brokerages have issued reports on LAKE. Roth Mkm reduced their price objective on Lakeland Industries from $27.00 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, December 10th. UBS Group set a $14.00 price target on shares of Lakeland Industries in a report on Wednesday, December 10th. DA Davidson restated a “neutral” rating and set a $14.00 price target (down from $20.00) on shares of Lakeland Industries in a research report on Wednesday, December 10th. Lake Street Capital dropped their target price on shares of Lakeland Industries from $26.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, December 10th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Lakeland Industries in a research note on Thursday, January 22nd.

Lakeland Industries Stock Performance

LAKE stock opened at $8.60 on Monday. The company has a quick ratio of 1.48, a current ratio of 3.83 and a debt-to-equity ratio of 0.28. The firm has a market cap of $84.37 million, a PE ratio of -1.96 and a beta of 1.29. The business has a 50 day moving average of $9.28 and a 200-day moving average of $12.66. Lakeland Industries has a 12-month low of $7.77 and a 12-month high of $21.23.

Insider Activity

In other news, CFO Roger D. Shannon sold 8,869 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $8.06, for a total transaction of $71,484.14. Following the transaction, the chief financial officer owned 36,026 shares of the company’s stock, valued at $290,369.56. This represents a 19.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired 6,727 shares of company stock valued at $58,548 in the last 90 days. Insiders own 1.91% of the company’s stock.

Institutional Investors Weigh In On Lakeland Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new position in Lakeland Industries during the first quarter worth about $164,000. Goldman Sachs Group Inc. grew its stake in Lakeland Industries by 42.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 44,435 shares of the medical instruments supplier’s stock valued at $902,000 after buying an additional 13,219 shares in the last quarter. Jane Street Group LLC raised its holdings in Lakeland Industries by 107.7% during the 1st quarter. Jane Street Group LLC now owns 40,180 shares of the medical instruments supplier’s stock valued at $816,000 after acquiring an additional 20,832 shares during the period. First Eagle Investment Management LLC lifted its position in shares of Lakeland Industries by 27.3% during the second quarter. First Eagle Investment Management LLC now owns 278,756 shares of the medical instruments supplier’s stock worth $3,794,000 after acquiring an additional 59,803 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Lakeland Industries by 115.9% in the second quarter. Geode Capital Management LLC now owns 217,786 shares of the medical instruments supplier’s stock worth $2,964,000 after acquiring an additional 116,901 shares during the period. 71.69% of the stock is currently owned by institutional investors.

Lakeland Industries Company Profile

Lakeland Industries, Inc (NASDAQ:LAKE) is a global provider of high-performance protective apparel and accessories designed to safeguard workers in industrial, healthcare, laboratory, and emergency response environments. The company’s expertise lies in producing garments that shield against chemical, biological, radiological, and thermal risks, supporting safety protocols in sectors such as oil and gas, petrochemicals, pharmaceuticals, and first responders.

The product portfolio encompasses both single-use and reusable solutions, including chemical protective coveralls, flame-resistant garments, arc flash clothing, medical isolation gowns, and cleanroom suits.