Lakeland Industries (NASDAQ:LAKE) Raised to Hold at Wall Street Zen

Lakeland Industries (NASDAQ:LAKE) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

LAKE has been the topic of several other research reports. Lake Street Capital reduced their price target on shares of Lakeland Industries from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, April 17th. DA Davidson lifted their price target on shares of Lakeland Industries from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday. Maxim Group set a $16.00 price target on shares of Lakeland Industries in a research report on Monday, April 20th. Finally, Weiss Ratings lowered shares of Lakeland Industries from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Lakeland Industries currently has an average rating of “Hold” and an average price target of $16.00.

Lakeland Industries Price Performance

NASDAQ:LAKE opened at $10.98 on Friday. The company has a quick ratio of 1.36, a current ratio of 3.09 and a debt-to-equity ratio of 0.20. The stock’s 50-day moving average price is $10.05 and its 200-day moving average price is $9.83. Lakeland Industries has a 52 week low of $7.15 and a 52 week high of $18.00. The stock has a market capitalization of $108.37 million, a PE ratio of -5.15 and a beta of 1.45.

Lakeland Industries (NASDAQ:LAKE) last released its earnings results on Tuesday, June 9th. The medical instruments supplier reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.18. Lakeland Industries had a negative net margin of 10.87% and a negative return on equity of 6.64%. The business had revenue of $47.42 million for the quarter, compared to analyst estimates of $47.36 million. As a group, equities analysts expect that Lakeland Industries will post 0.22 EPS for the current fiscal year.

Institutional Trading of Lakeland Industries

Several institutional investors have recently made changes to their positions in the company. Royce & Associates LP increased its holdings in Lakeland Industries by 10.0% in the 3rd quarter. Royce & Associates LP now owns 1,178,670 shares of the medical instruments supplier’s stock valued at $17,444,000 after purchasing an additional 107,100 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in Lakeland Industries by 62.3% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 772,015 shares of the medical instruments supplier’s stock valued at $6,825,000 after purchasing an additional 296,222 shares during the last quarter. Peapod Lane Capital LLC acquired a new stake in Lakeland Industries in the 4th quarter valued at approximately $604,000. Sei Investments Co. acquired a new stake in Lakeland Industries in the 1st quarter valued at approximately $88,000. Finally, Bank of New York Mellon Corp increased its holdings in Lakeland Industries by 2.0% in the 1st quarter. Bank of New York Mellon Corp now owns 75,107 shares of the medical instruments supplier’s stock valued at $615,000 after purchasing an additional 1,479 shares during the last quarter. Hedge funds and other institutional investors own 71.69% of the company’s stock.

Lakeland Industries Company Profile

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.