Lakeland Industries, Inc. (NASDAQ:LAKE) issued its quarterly earnings data on Wednesday. The medical instruments supplier reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.05, Briefing.com reports. Lakeland Industries had a net margin of 6.31% and a return on equity of 7.87%. The business had revenue of $23.90 million during the quarter, compared to analysts’ expectations of $23.91 million. During the same period in the previous year, the company earned $0.20 earnings per share. Lakeland Industries’s revenue for the quarter was up 7.2% on a year-over-year basis.

Lakeland Industries (LAKE) opened at 13.80 on Thursday. The firm has a market capitalization of $100.24 million, a PE ratio of 18.16 and a beta of -0.10. The company’s 50-day moving average is $14.62 and its 200 day moving average is $12.44. Lakeland Industries has a 1-year low of $9.23 and a 1-year high of $17.18.

LAKE has been the subject of several research analyst reports. TheStreet upgraded shares of Lakeland Industries from a “c+” rating to a “b” rating in a research note on Wednesday, June 28th. Zacks Investment Research upgraded shares of Lakeland Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st. ValuEngine upgraded shares of Lakeland Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Roth Capital initiated coverage on shares of Lakeland Industries in a research note on Wednesday, August 23rd. They set a “buy” rating and a $18.00 target price for the company.

A number of hedge funds have recently added to or reduced their stakes in the business. Teton Advisors Inc. boosted its position in Lakeland Industries by 7.1% during the second quarter. Teton Advisors Inc. now owns 12,211 shares of the medical instruments supplier’s stock worth $177,000 after purchasing an additional 811 shares during the period. Vanguard Group Inc. boosted its position in Lakeland Industries by 0.8% during the second quarter. Vanguard Group Inc. now owns 302,567 shares of the medical instruments supplier’s stock worth $4,387,000 after purchasing an additional 2,290 shares during the period. HighTower Advisors LLC boosted its position in Lakeland Industries by 6.5% during the second quarter. HighTower Advisors LLC now owns 43,665 shares of the medical instruments supplier’s stock worth $631,000 after purchasing an additional 2,668 shares during the period. TFS Capital LLC boosted its position in Lakeland Industries by 35.5% during the first quarter. TFS Capital LLC now owns 15,446 shares of the medical instruments supplier’s stock worth $166,000 after purchasing an additional 4,043 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Lakeland Industries by 54.8% during the first quarter. Goldman Sachs Group Inc. now owns 19,556 shares of the medical instruments supplier’s stock worth $210,000 after purchasing an additional 6,924 shares during the period. 42.35% of the stock is owned by hedge funds and other institutional investors.

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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.

Earnings History for Lakeland Industries (NASDAQ:LAKE)

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