Lakeland Industries (NASDAQ:LAKE) PT Set at $26.00 by Lake Street Capital

Lakeland Industries (NASDAQ:LAKE) has been given a $26.00 price target by investment analysts at Lake Street Capital in a report issued on Tuesday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the medical instruments supplier’s stock. Lake Street Capital’s target price would indicate a potential upside of 71.28% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Wall Street Zen upgraded shares of Lakeland Industries to a “sell” rating in a research note on Wednesday, May 7th. DA Davidson cut their price objective on Lakeland Industries from $28.00 to $23.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th.

Lakeland Industries Stock Performance

Shares of NASDAQ LAKE opened at $15.18 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.77 and a current ratio of 4.23. The stock has a 50 day moving average price of $17.34 and a 200 day moving average price of $21.01. The stock has a market capitalization of $144.38 million, a PE ratio of -168.67 and a beta of 1.13. Lakeland Industries has a 52 week low of $14.00 and a 52 week high of $27.28.

Lakeland Industries (NASDAQ:LAKE) last released its earnings results on Monday, June 9th. The medical instruments supplier reported ($0.41) earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.68). Lakeland Industries had a negative net margin of 0.42% and a positive return on equity of 1.66%. The firm had revenue of $46.75 million during the quarter, compared to the consensus estimate of $48.84 million. During the same period in the prior year, the business posted $0.22 earnings per share. Analysts predict that Lakeland Industries will post 0.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lakeland Industries

A number of large investors have recently added to or reduced their stakes in LAKE. Peapod Lane Capital LLC acquired a new position in Lakeland Industries during the fourth quarter valued at approximately $2,018,000. D.A. Davidson & CO. grew its position in shares of Lakeland Industries by 1.6% in the 4th quarter. D.A. Davidson & CO. now owns 43,892 shares of the medical instruments supplier’s stock valued at $1,121,000 after buying an additional 698 shares during the last quarter. IFP Advisors Inc acquired a new stake in Lakeland Industries during the 4th quarter valued at approximately $36,000. Bank of New York Mellon Corp increased its position in shares of Lakeland Industries by 6.8% during the fourth quarter. Bank of New York Mellon Corp now owns 46,001 shares of the medical instruments supplier’s stock worth $1,175,000 after buying an additional 2,928 shares during the period. Finally, Metis Global Partners LLC bought a new position in shares of Lakeland Industries in the 4th quarter worth about $207,000. Institutional investors and hedge funds own 71.69% of the company’s stock.

About Lakeland Industries

Lakeland Industries, Inc manufactures and sells industrial protective clothing and accessories for the industrial and public protective clothing market worldwide. It offers firefighting and heat protective apparel to protect against fire; high-end chemical protective suits to provide protection from highly concentrated, toxic and/or lethal chemicals, and biological toxins; and limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks.