Brokerages Expect Lakeland Industries, Inc. (NASDAQ:LAKE) to Post $0.21 Earnings Per Share
Lakeland Industries, Inc. (NASDAQ:LAKE) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 12 month consensus price objective of $15.00 for the company and are forecasting that the company will post $0.21 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Lakeland Industries an industry rank of 56 out of 265 based on the ratings given to related companies.
A number of research firms recently weighed in on LAKE. ValuEngine cut Lakeland Industries from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. TheStreet raised Lakeland Industries from a “c+” rating to a “b” rating in a report on Wednesday, June 28th. Finally, Zacks Investment Research raised Lakeland Industries from a “hold” rating to a “strong-buy” rating and set a $15.00 price target for the company in a report on Tuesday, June 27th.
A number of large investors have recently bought and sold shares of LAKE. TFS Capital LLC raised its stake in Lakeland Industries by 35.5% in the first quarter. TFS Capital LLC now owns 15,446 shares of the medical instruments supplier’s stock valued at $166,000 after buying an additional 4,043 shares during the period. Goldman Sachs Group Inc. raised its stake in Lakeland Industries by 54.8% in the first quarter. Goldman Sachs Group Inc. now owns 19,556 shares of the medical instruments supplier’s stock worth $210,000 after buying an additional 6,924 shares during the period. Algert Global LLC raised its stake in Lakeland Industries by 60.7% in the first quarter. Algert Global LLC now owns 25,769 shares of the medical instruments supplier’s stock worth $277,000 after buying an additional 9,732 shares during the period. North Star Investment Management Corp. raised its stake in Lakeland Industries by 196.6% in the second quarter. North Star Investment Management Corp. now owns 24,000 shares of the medical instruments supplier’s stock worth $348,000 after buying an additional 15,908 shares during the period. Finally, HighTower Advisors LLC raised its stake in Lakeland Industries by 12.4% in the first quarter. HighTower Advisors LLC now owns 40,997 shares of the medical instruments supplier’s stock worth $443,000 after buying an additional 4,513 shares during the period. Institutional investors own 44.06% of the company’s stock.
Shares of Lakeland Industries (NASDAQ LAKE) traded down 0.93% on Monday, hitting $15.90. The stock had a trading volume of 50,743 shares. Lakeland Industries has a 12 month low of $8.80 and a 12 month high of $17.18. The company’s 50 day moving average price is $13.64 and its 200-day moving average price is $11.41. The company has a market cap of $115.50 million, a P/E ratio of 20.92 and a beta of -0.13.
Lakeland Industries (NASDAQ:LAKE) last issued its quarterly earnings data on Wednesday, June 14th. The medical instruments supplier reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.09. The business had revenue of $22.90 million during the quarter, compared to analysts’ expectations of $21.95 million. Lakeland Industries had a return on equity of 7.87% and a net margin of 6.31%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, analysts expect that Lakeland Industries will post $0.81 earnings per share for the current year.
Lakeland Industries Company Profile
Lakeland Industries, Inc (Lakeland) manufactures and sells a line of safety garments and accessories for the industrial and public protective clothing market. The Company’s product categories include limited use/disposable protective clothing; high-end chemical protective suits; firefighting, flame resistant personal protective equipment (FR PPE) and heat protective apparel; reusable woven garments; high visibility clothing, and glove and sleeves.
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