Lakeland Industries, Inc. (NASDAQ:LAKE) Given Consensus Recommendation of “Hold” by Brokerages

Lakeland Industries, Inc. (NASDAQ:LAKE) has received an average rating of “Hold” from the five brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $16.00.

LAKE has been the subject of several analyst reports. Maxim Group set a $16.00 price objective on Lakeland Industries in a research note on Monday, April 20th. Weiss Ratings downgraded Lakeland Industries from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 11th. Lake Street Capital reduced their price target on Lakeland Industries from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, April 17th. Wall Street Zen upgraded Lakeland Industries from a “sell” rating to a “hold” rating in a report on Sunday. Finally, DA Davidson increased their price target on Lakeland Industries from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, June 11th.

Lakeland Industries Price Performance

NASDAQ:LAKE opened at $9.93 on Wednesday. The firm has a market capitalization of $98.01 million, a price-to-earnings ratio of -4.66 and a beta of 1.45. Lakeland Industries has a 1 year low of $7.15 and a 1 year high of $18.00. The business has a 50 day simple moving average of $10.12 and a 200-day simple moving average of $9.74. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.09 and a quick ratio of 1.34.

Lakeland Industries (NASDAQ:LAKE) last posted its quarterly earnings data on Tuesday, June 9th. The medical instruments supplier reported $0.04 earnings per share (EPS) 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%. Equities analysts forecast that Lakeland Industries will post 0.22 EPS for the current year.

Institutional Investors Weigh In On Lakeland Industries

Hedge funds and other institutional investors have recently modified their holdings of the business. Pacific Ridge Capital Partners LLC increased its holdings in 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 purchasing an additional 296,222 shares during the period. Kennedy Capital Management LLC purchased a new position in Lakeland Industries during the 3rd quarter worth $2,287,000. Geode Capital Management LLC increased its holdings in Lakeland Industries by 115.9% during the 2nd quarter. Geode Capital Management LLC now owns 217,786 shares of the medical instruments supplier’s stock worth $2,964,000 after purchasing an additional 116,901 shares during the period. Royce & Associates LP increased its holdings in Lakeland Industries by 10.0% during the 3rd quarter. Royce & Associates LP now owns 1,178,670 shares of the medical instruments supplier’s stock worth $17,444,000 after purchasing an additional 107,100 shares during the period. Finally, Peapod Lane Capital LLC purchased a new position in Lakeland Industries during the 4th quarter worth $604,000. 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.