Lakeland Industries, Inc. (NASDAQ:LAKE) has been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokers have set a 1 year consensus price target of $15.00 for the company and are forecasting that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also given Lakeland Industries an industry rank of 196 out of 256 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded shares of Lakeland Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 19th.
Large investors have recently bought and sold shares of the business. Private Capital Management LLC grew its stake in shares of Lakeland Industries by 28.4% in the 1st quarter. Private Capital Management LLC now owns 713,265 shares of the medical instruments supplier’s stock valued at $8,374,000 after purchasing an additional 157,625 shares during the last quarter. Granite Investment Partners LLC grew its holdings in shares of Lakeland Industries by 88.6% in the 1st quarter. Granite Investment Partners LLC now owns 50,854 shares of the medical instruments supplier’s stock valued at $597,000 after buying an additional 23,894 shares during the period. Kennedy Capital Management Inc. acquired a new position in shares of Lakeland Industries in the 1st quarter valued at $1,723,000. Parthenon LLC grew its holdings in shares of Lakeland Industries by 103.9% in the 1st quarter. Parthenon LLC now owns 85,538 shares of the medical instruments supplier’s stock valued at $1,004,000 after buying an additional 43,596 shares during the period. Finally, Teton Advisors Inc. grew its holdings in shares of Lakeland Industries by 10.1% in the 1st quarter. Teton Advisors Inc. now owns 16,510 shares of the medical instruments supplier’s stock valued at $194,000 after buying an additional 1,510 shares during the period. Institutional investors and hedge funds own 61.17% of the company’s stock.
LAKE opened at $11.97 on Wednesday. Lakeland Industries has a twelve month low of $9.90 and a twelve month high of $14.65. The company has a quick ratio of 2.09, a current ratio of 5.01 and a debt-to-equity ratio of 0.03. The firm has a market cap of $95.93 million, a PE ratio of 29.20 and a beta of 0.74.
Lakeland Industries (NASDAQ:LAKE) last posted its quarterly earnings results on Monday, June 10th. The medical instruments supplier reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.14). The company had revenue of $24.68 million during the quarter, compared to analyst estimates of $25.32 million. Lakeland Industries had a positive return on equity of 1.22% and a negative net margin of 0.88%. As a group, research analysts anticipate that Lakeland Industries will post 0.15 earnings per share for the current fiscal year.
About Lakeland Industries
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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