Lakeland Industries (NASDAQ:LAKE) Price Target Lowered to $10.00 at DA Davidson

Lakeland Industries (NASDAQ:LAKE) had its target price cut by equities research analysts at DA Davidson from $14.00 to $10.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the medical instruments supplier’s stock. DA Davidson’s price target suggests a potential upside of 9.17% from the company’s previous close.

Several other research analysts have also commented on LAKE. Lake Street Capital lowered their price objective on shares of Lakeland Industries from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of Lakeland Industries in a research note on Thursday, January 22nd. UBS Group set a $14.00 price objective on shares of Lakeland Industries in a research note on Wednesday, December 10th. Roth Mkm lowered their price objective on shares of Lakeland Industries from $27.00 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, December 10th. Finally, Wall Street Zen lowered shares of Lakeland Industries from a “hold” rating to a “strong sell” rating in a research note on Saturday, December 13th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $14.75.

Lakeland Industries Trading Up 3.4%

NASDAQ LAKE opened at $9.16 on Wednesday. The firm has a 50 day simple moving average of $8.95 and a 200-day simple moving average of $11.60. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.48 and a current ratio of 3.83. Lakeland Industries has a one year low of $7.15 and a one year high of $20.50. The firm has a market cap of $89.86 million, a price-to-earnings ratio of -2.09 and a beta of 1.34.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its stake in Lakeland Industries by 87.8% in the third quarter. BNP Paribas Financial Markets now owns 1,795 shares of the medical instruments supplier’s stock worth $27,000 after acquiring an additional 839 shares during the last quarter. First Trust Advisors LP lifted its stake in Lakeland Industries by 4.2% in the second quarter. First Trust Advisors LP now owns 28,554 shares of the medical instruments supplier’s stock worth $389,000 after acquiring an additional 1,149 shares during the last quarter. Rhumbline Advisers lifted its stake in Lakeland Industries by 16.0% in the third quarter. Rhumbline Advisers now owns 13,415 shares of the medical instruments supplier’s stock worth $199,000 after acquiring an additional 1,853 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Lakeland Industries by 35.5% in the fourth quarter. Wells Fargo & Company MN now owns 9,514 shares of the medical instruments supplier’s stock worth $84,000 after acquiring an additional 2,492 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Lakeland Industries by 20.9% in the second quarter. American Century Companies Inc. now owns 15,762 shares of the medical instruments supplier’s stock worth $215,000 after acquiring an additional 2,722 shares during the last quarter. Hedge funds and other institutional investors own 71.69% of the company’s stock.

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.