Lakeland Industries, Inc. (LAKE) Given $17.50 Consensus Target Price by Brokerages

Lakeland Industries, Inc. (NASDAQ:LAKE) has been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.

Analysts have set a 12-month consensus price objective of $17.50 for the company and are predicting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Lakeland Industries an industry rank of 160 out of 265 based on the ratings given to its competitors.

A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Lakeland Industries from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Wednesday, September 27th. TheStreet lowered Lakeland Industries from a “b” rating to a “c+” rating in a research note on Friday, December 15th.

Shares of Lakeland Industries (NASDAQ LAKE) opened at $14.40 on Tuesday. Lakeland Industries has a 12 month low of $9.85 and a 12 month high of $17.18. The company has a current ratio of 6.43, a quick ratio of 3.21 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $116.87, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 1.63 and a beta of -0.13.

Lakeland Industries (NASDAQ:LAKE) last issued its quarterly earnings data on Friday, December 15th. The medical instruments supplier reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. Lakeland Industries had a return on equity of 8.21% and a net margin of 6.92%. equities research analysts forecast that Lakeland Industries will post 0.88 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Algert Global LLC grew its stake in Lakeland Industries by 776.0% during the 3rd quarter. Algert Global LLC now owns 225,733 shares of the medical instruments supplier’s stock valued at $3,183,000 after purchasing an additional 199,964 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Lakeland Industries by 23.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 543,631 shares of the medical instruments supplier’s stock valued at $7,665,000 after purchasing an additional 103,694 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Lakeland Industries by 8.4% in the 3rd quarter. Wells Fargo & Company MN now owns 77,420 shares of the medical instruments supplier’s stock worth $1,092,000 after acquiring an additional 5,972 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of Lakeland Industries in the 3rd quarter worth approximately $402,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of Lakeland Industries in the 3rd quarter worth approximately $230,000. Hedge funds and other institutional investors own 54.80% of the company’s stock.

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About Lakeland Industries

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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