Expect Equity LLC Acquires Shares of 86,117 Lakeland Industries, Inc. $LAKE

Expect Equity LLC acquired a new position in shares of Lakeland Industries, Inc. (NASDAQ:LAKE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 86,117 shares of the medical instruments supplier’s stock, valued at approximately $921,000. Expect Equity LLC owned about 0.87% of Lakeland Industries at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LAKE. Private Capital Management LLC lifted its position in shares of Lakeland Industries by 2.8% during the fourth quarter. Private Capital Management LLC now owns 1,202,433 shares of the medical instruments supplier’s stock valued at $10,630,000 after purchasing an additional 32,945 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its position in shares of Lakeland Industries by 62.3% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 772,015 shares of the medical instruments supplier’s stock worth $6,825,000 after buying an additional 296,222 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Lakeland Industries by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 486,524 shares of the medical instruments supplier’s stock worth $7,201,000 after buying an additional 10,764 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Lakeland Industries by 115.9% in the 2nd quarter. Geode Capital Management LLC now owns 217,786 shares of the medical instruments supplier’s stock worth $2,964,000 after buying an additional 116,901 shares during the last quarter. Finally, BlackRock Inc. purchased a new position in shares of Lakeland Industries in the 2nd quarter worth approximately $1,692,000. Institutional investors own 71.69% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wall Street Zen raised Lakeland Industries from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. DA Davidson raised their target price on Lakeland Industries from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Finally, Weiss Ratings upgraded Lakeland Industries from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 29th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Lakeland Industries presently has an average rating of “Hold” and a consensus target price of $16.00.

Lakeland Industries Trading Up 1.2%

Shares of LAKE stock opened at $11.52 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 3.09 and a debt-to-equity ratio of 0.20. The firm has a market cap of $113.70 million, a P/E ratio of -5.41 and a beta of 1.43. The company has a 50 day moving average of $11.32 and a 200-day moving average of $10.18. Lakeland Industries, Inc. has a 12-month low of $7.15 and a 12-month high of $18.00.

Lakeland Industries (NASDAQ:LAKE) last announced its quarterly earnings data on Tuesday, June 9th. The medical instruments supplier reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.18. The business had revenue of $47.42 million during the quarter, compared to analyst estimates of $47.36 million. Lakeland Industries had a negative return on equity of 6.64% and a negative net margin of 10.87%. Sell-side analysts anticipate that Lakeland Industries, Inc. will post -0.28 earnings per share for the current year.

About Lakeland Industries

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.