Lakeland Industries (NASDAQ:LAKE) Upgraded by Wall Street Zen to Sell Rating

Lakeland Industries (NASDAQ:LAKE) was upgraded by analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued on Saturday.

A number of other equities analysts have also commented on the company. Lake Street Capital cut their price target on Lakeland Industries from $16.00 to $13.00 and set a “buy” rating for the company in a report on Friday, April 17th. Zacks Research raised Lakeland Industries from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Maxim Group set a $16.00 price target on Lakeland Industries in a report on Monday, April 20th. Finally, DA Davidson raised Lakeland Industries from a “neutral” rating to a “buy” rating and raised their price target for the stock from $10.00 to $14.00 in a report on Monday, April 20th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.20.

Lakeland Industries Price Performance

Lakeland Industries stock opened at $9.28 on Friday. Lakeland Industries has a one year low of $7.15 and a one year high of $19.77. The business has a fifty day moving average price of $9.80 and a 200-day moving average price of $9.97. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 1.36. The firm has a market capitalization of $91.50 million, a P/E ratio of -3.60 and a beta of 1.45.

Institutional Investors Weigh In On Lakeland Industries

Large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its stake in Lakeland Industries by 87.8% during the third quarter. BNP Paribas Financial Markets now owns 1,795 shares of the medical instruments supplier’s stock valued at $27,000 after buying an additional 839 shares during the period. Bank of America Corp DE boosted its stake in Lakeland Industries by 189.9% during the second quarter. Bank of America Corp DE now owns 4,177 shares of the medical instruments supplier’s stock valued at $57,000 after buying an additional 2,736 shares during the period. JPMorgan Chase & Co. bought a new stake in Lakeland Industries during the second quarter valued at $59,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Lakeland Industries during the second quarter valued at $68,000. Finally, Wells Fargo & Company MN boosted its stake in Lakeland Industries by 35.5% during the fourth quarter. Wells Fargo & Company MN now owns 9,514 shares of the medical instruments supplier’s stock valued at $84,000 after buying an additional 2,492 shares during the period. Institutional investors own 71.69% of the company’s stock.

About Lakeland Industries

Lakeland Industries, Inc (NASDAQ:LAKE) is a global provider of high-performance protective apparel and accessories designed to safeguard workers in industrial, healthcare, laboratory, and emergency response environments. The company’s expertise lies in producing garments that shield against chemical, biological, radiological, and thermal risks, supporting safety protocols in sectors such as oil and gas, petrochemicals, pharmaceuticals, and first responders.

The product portfolio encompasses both single-use and reusable solutions, including chemical protective coveralls, flame-resistant garments, arc flash clothing, medical isolation gowns, and cleanroom suits.