Lakeland Industries, Inc. (NASDAQ:LAKE) Given Average Rating of “Hold” by Analysts

Lakeland Industries, Inc. (NASDAQ:LAKE) has been assigned an average rating of “Hold” from the five ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $15.20.

Several equities analysts have recently weighed in on the company. Zacks Research upgraded Lakeland Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Lake Street Capital dropped their price target on Lakeland Industries from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, April 17th. Weiss Ratings reissued a “sell (d)” rating on shares of Lakeland Industries in a research note on Thursday, January 22nd. Maxim Group set a $16.00 price target on Lakeland Industries in a research report on Monday, April 20th. Finally, DA Davidson upgraded Lakeland Industries from a “neutral” rating to a “buy” rating and upped their target price for the stock from $10.00 to $14.00 in a report on Monday, April 20th.

Lakeland Industries Stock Down 9.2%

Shares of NASDAQ:LAKE opened at $9.53 on Friday. The company has a market capitalization of $93.97 million, a PE ratio of -3.69 and a beta of 1.45. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 1.36. The business has a fifty day moving average price of $9.22 and a two-hundred day moving average price of $10.59. Lakeland Industries has a 1 year low of $7.15 and a 1 year high of $20.50.

Institutional Investors Weigh In On Lakeland Industries

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its stake in Lakeland Industries by 87.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,795 shares of the medical instruments supplier’s stock worth $27,000 after buying an additional 839 shares in the last quarter. Bank of America Corp DE increased its stake in Lakeland Industries by 189.9% in the 2nd quarter. Bank of America Corp DE now owns 4,177 shares of the medical instruments supplier’s stock worth $57,000 after buying an additional 2,736 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in Lakeland Industries in the 2nd quarter worth $59,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Lakeland Industries during the second quarter valued at about $68,000. Finally, New York State Common Retirement Fund purchased a new position in shares of Lakeland Industries during the second quarter valued at about $105,000. 71.69% of the stock is currently owned by hedge funds and other 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.