Lakeland Industries, Inc. (LAKE) – What Are Investment Firms Saying About This Stock?

Shares of Lakeland Industries, Inc. (NASDAQ:LAKE) have received a consensus recommendation of “Hold” from the five brokerages that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $15.00.

LAKE has been the topic of several recent analyst reports. DA Davidson dropped their price objective on Lakeland Industries from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, September 14th. Roth Capital set a $17.00 price target on Lakeland Industries in a research note on Thursday, September 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Lakeland Industries in a research report on Friday, September 25th. Wall Street Zen lowered shares of Lakeland Industries from a “hold” rating to a “strong sell” rating in a research report on Saturday, September 12th. Finally, Zacks Research cut shares of Lakeland Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 13th.

Hedge Funds Weigh In On Lakeland Industries

A number of large investors have recently made changes to their positions in LAKE. Persistent Asset Partners Ltd acquired a new stake in Lakeland Industries during the second quarter valued at approximately $38,000. Ancora Advisors LLC purchased a new stake in Lakeland Industries in the second quarter valued at approximately $54,000. Sei Investments Co. bought a new stake in Lakeland Industries in the 1st quarter worth approximately $88,000. Bank of America Corp DE purchased a new stake in Lakeland Industries in the 2nd quarter valued at about $163,000. Finally, R Squared Ltd purchased a new position in shares of Lakeland Industries during the 1st quarter worth $125,000. Hedge funds and other institutional investors own 71.69% of the company’s stock.

Lakeland Industries Price Performance

Shares of LAKE opened at $8.95 on Friday. The company has a current ratio of 2.98, a quick ratio of 1.34 and a debt-to-equity ratio of 0.22. The firm’s fifty day simple moving average is $10.10 and its 200-day simple moving average is $10.13. Lakeland Industries has a twelve month low of $7.15 and a twelve month high of $16.91. The firm has a market capitalization of $88.87 million, a price-to-earnings ratio of -3.30 and a beta of 1.50.

Lakeland Industries (NASDAQ:LAKE) last released its earnings results on Wednesday, September 9th. The medical instruments supplier reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.44). The firm had revenue of $50.14 million during the quarter, compared to analyst estimates of $51.36 million. Lakeland Industries had a negative return on equity of 11.35% and a negative net margin of 13.99%. Equities analysts forecast that Lakeland Industries will post -0.48 EPS for the current fiscal year.

About Lakeland Industries

Lakeland Industries, Inc (NASDAQ: LAKE) designs, manufactures and sells industrial and public-safety protective clothing and accessories. Its products are intended to help protect workers from chemical exposure, fire and heat, arc flash, hazardous particles, infectious materials and other workplace risks.

The company’s product portfolio includes disposable and reusable coveralls, chemical-resistant suits, flame-resistant and high-visibility apparel, protective garments for cleanrooms and healthcare environments, gloves, sleeves, footwear and other personal protective equipment.