Shares of Lakeland Industries, Inc. (NASDAQ:LAKE) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a twelve-month consensus price objective of $15.00 for the company and are predicting 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 164 out of 256 based on the ratings given to its competitors.
A number of research firms have issued reports on LAKE. Zacks Investment Research cut Lakeland Industries from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 24th. ValuEngine upgraded Lakeland Industries from a “buy” rating to a “strong-buy” rating in a report on Thursday.
Several institutional investors have recently bought and sold shares of the company. First Trust Advisors LP lifted its stake in 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 valued at $141,000 after purchasing an additional 2,120 shares during the last quarter. Teton Advisors Inc. lifted its stake in 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 purchasing an additional 1,510 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in Lakeland Industries in the 4th quarter valued at about $306,000. Granite Investment Partners LLC lifted its stake in 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 purchasing an additional 23,894 shares during the last quarter. Finally, Parthenon LLC lifted its stake in 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 purchasing an additional 43,596 shares during the last quarter. Institutional investors own 61.17% of the company’s stock.
LAKE stock traded down $0.11 during trading hours on Tuesday, reaching $10.90. 7,301 shares of the stock were exchanged, compared to its average volume of 52,477. The firm’s 50-day simple moving average is $11.04. The company has a market cap of $88.23 million, a P/E ratio of 100.09 and a beta of 0.58. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.09 and a current ratio of 5.01. Lakeland Industries has a 12 month low of $9.70 and a 12 month high of $14.44.
Lakeland Industries (NASDAQ:LAKE) last released its earnings results on Monday, June 10th. The medical instruments supplier reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.14). The firm had revenue of $24.68 million for the quarter, compared to the consensus estimate of $25.32 million. Lakeland Industries had a positive return on equity of 1.22% and a negative net margin of 0.88%. Equities analysts expect that Lakeland Industries will post 0.15 earnings per share for the current 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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