Lakeland Industries, Inc. (NASDAQ:LAKE) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Analysts have set a 12 month consensus price target of $18.00 for the company and are predicting that the company will post $0.22 earnings per share for the current quarter, according to Zacks. Zacks has also given Lakeland Industries an industry rank of 164 out of 257 based on the ratings given to related companies.
LAKE has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Lakeland Industries from a “hold” rating to a “sell” rating in a report on Thursday, September 13th. Roth Capital reaffirmed a “buy” rating on shares of Lakeland Industries in a report on Sunday, September 9th. Finally, ValuEngine raised shares of Lakeland Industries from a “hold” rating to a “buy” rating in a report on Tuesday, November 13th.
LAKE opened at $13.25 on Monday. The company has a current ratio of 6.81, a quick ratio of 2.87 and a debt-to-equity ratio of 0.01. The firm has a market cap of $107.54 million, a price-to-earnings ratio of 18.40 and a beta of 0.12. Lakeland Industries has a 52-week low of $12.18 and a 52-week high of $16.85.
Lakeland Industries (NASDAQ:LAKE) last posted its quarterly earnings data on Monday, September 10th. The medical instruments supplier reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.02). The company had revenue of $25.62 million for the quarter, compared to analysts’ expectations of $25.10 million. Lakeland Industries had a negative net margin of 0.23% and a positive return on equity of 5.73%. On average, research analysts anticipate that Lakeland Industries will post 0.85 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Ariel Investments LLC acquired a new stake in shares of Lakeland Industries in the second quarter valued at about $6,718,000. Private Capital Management LLC acquired a new stake in shares of Lakeland Industries in the third quarter valued at about $3,587,000. Heartland Advisors Inc. acquired a new stake in shares of Lakeland Industries in the third quarter valued at about $2,660,000. North Star Investment Management Corp. raised its position in shares of Lakeland Industries by 30.5% in the third quarter. North Star Investment Management Corp. now owns 188,450 shares of the medical instruments supplier’s stock valued at $2,506,000 after buying an additional 44,000 shares during the last quarter. Finally, First Wilshire Securities Management Inc. raised its position in shares of Lakeland Industries by 8.8% in the third quarter. First Wilshire Securities Management Inc. now owns 136,310 shares of the medical instruments supplier’s stock valued at $1,813,000 after buying an additional 10,968 shares during the last quarter. Institutional investors and hedge funds own 56.61% of the company’s stock.
Lakeland Industries Company Profile
Lakeland Industries, Inc manufactures and sells a range of safety garments and accessories for the industrial and public protective clothing market in the United States and internationally. It offers limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks; high-end chemical protective suits to provide protection from highly concentrated, and hazardous chemical and biological toxins; and firefighting and heat protective apparel to protect against fire, burns, and excessive heat.
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