Analysts Anticipate Lakeland Industries, Inc. (LAKE) to Post $0.19 Earnings Per Share

Shares of Lakeland Industries, Inc. (NASDAQ:LAKE) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.

Analysts have set a 1-year consensus target price of $17.50 for the company and are anticipating 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 121 out of 265 based on the ratings given to related companies.

Several equities research analysts recently commented on LAKE shares. Zacks Investment Research upgraded Lakeland Industries from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Tuesday, December 19th. TheStreet lowered Lakeland Industries from a “b” rating to a “c+” rating in a report on Friday, December 15th.

Shares of Lakeland Industries (LAKE) opened at $14.10 on Thursday. The company has a market capitalization of $113.22, a PE ratio of 16.79, a P/E/G ratio of 1.55 and a beta of -0.13. The company has a current ratio of 6.43, a quick ratio of 3.21 and a debt-to-equity ratio of 0.02. Lakeland Industries has a twelve month low of $9.85 and a twelve month high of $17.18.

Lakeland Industries (NASDAQ:LAKE) last announced its earnings results on Friday, December 15th. The medical instruments supplier reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. The business had revenue of $23.96 million for the quarter, compared to the consensus estimate of $25.06 million. Lakeland Industries had a return on equity of 8.21% and a net margin of 6.92%. research analysts predict that Lakeland Industries will post 0.9 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in LAKE. Vanguard Group Inc. raised its position in shares of 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 raised its position in shares of 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. Wells Fargo & Company MN raised its position in shares of Lakeland Industries by 8.4% during the third quarter. Wells Fargo & Company MN now owns 77,420 shares of the medical instruments supplier’s stock worth $1,092,000 after purchasing an additional 5,972 shares during the period. Nationwide Fund Advisors raised its position in shares of Lakeland Industries by 4,456.5% during the second quarter. Nationwide Fund Advisors now owns 9,113 shares of the medical instruments supplier’s stock worth $132,000 after purchasing an additional 8,913 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Lakeland Industries by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 439,937 shares of the medical instruments supplier’s stock worth $6,379,000 after purchasing an additional 14,594 shares during the period. Institutional investors and hedge funds own 55.11% of the company’s stock.

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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.

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