Shares of Lakeland Industries, Inc. (NASDAQ:LAKE) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Analysts have set a 1 year consensus target price of $15.00 for the company and are forecasting that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Lakeland Industries an industry rank of 182 out of 256 based on the ratings given to its competitors.
LAKE has been the subject of a number of recent research reports. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Zacks Investment Research lowered shares of GenMark Diagnostics from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th.
Institutional investors and hedge funds have recently bought and sold shares of the company. First Trust Advisors LP grew its holdings in shares of Lakeland Industries by 18.7% in the 4th quarter. First Trust Advisors LP now owns 13,461 shares of the medical instruments supplier’s stock worth $141,000 after purchasing an additional 2,120 shares during the last quarter. 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 worth $194,000 after purchasing an additional 1,510 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in shares of Lakeland Industries in the 4th quarter worth about $306,000. 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 worth $597,000 after purchasing an additional 23,894 shares during the last quarter. Finally, 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 worth $1,004,000 after purchasing an additional 43,596 shares during the last quarter. 61.17% of the stock is currently owned by institutional investors and hedge funds.
Shares of LAKE stock traded down $0.03 during mid-day trading on Friday, reaching $10.20. The company’s stock had a trading volume of 3,558 shares, compared to its average volume of 17,666. Lakeland Industries has a 1-year low of $9.90 and a 1-year high of $14.44. The company has a market capitalization of $87.67 million, a P/E ratio of 24.50 and a beta of 0.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.09 and a current ratio of 5.01. The firm’s 50-day moving average is $11.58.
Lakeland Industries (NASDAQ:LAKE) last announced its quarterly earnings data on Monday, June 10th. The medical instruments supplier reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.14). Lakeland Industries had a negative net margin of 0.88% and a positive return on equity of 1.22%. The business had revenue of $24.68 million during the quarter, compared to analyst estimates of $25.32 million. On average, analysts forecast that Lakeland Industries will post 0.15 EPS for the current fiscal year.
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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