Lakeland Industries, Inc. (NASDAQ:LAKE) Given Consensus Recommendation of “Hold” by Analysts

Lakeland Industries, Inc. (NASDAQ:LAKE) has been assigned a consensus rating of “Hold” from the five ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $16.00.

A number of research analysts recently commented on LAKE shares. Wall Street Zen raised Lakeland Industries from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings raised shares of Lakeland Industries from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 29th. Finally, DA Davidson increased their price objective on shares of Lakeland Industries from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th.

Lakeland Industries Stock Performance

Shares of LAKE stock opened at $11.86 on Monday. Lakeland Industries has a 52-week low of $7.15 and a 52-week high of $18.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.34 and a current ratio of 3.09. The firm has a market capitalization of $117.05 million, a PE ratio of -5.57 and a beta of 1.43. The stock has a fifty day simple moving average of $11.43 and a two-hundred day simple moving average of $10.22.

Lakeland Industries (NASDAQ:LAKE) last posted its quarterly earnings results on Tuesday, June 9th. The medical instruments supplier reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.18. The business had revenue of $47.42 million for the quarter, compared to analysts’ expectations of $47.36 million. Lakeland Industries had a negative return on equity of 6.64% and a negative net margin of 10.87%. On average, analysts predict that Lakeland Industries will post -0.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Lakeland Industries

Several large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its stake in shares of 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 acquiring an additional 839 shares in the last quarter. Persistent Asset Partners Ltd purchased a new position in Lakeland Industries during the 2nd quarter worth $38,000. Bank of America Corp DE raised its position in Lakeland Industries by 189.9% during the 2nd quarter. Bank of America Corp DE now owns 4,177 shares of the medical instruments supplier’s stock valued at $57,000 after purchasing an additional 2,736 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Lakeland Industries in the 2nd quarter worth $59,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Lakeland Industries in the 2nd quarter worth $68,000. 71.69% of the stock is owned by hedge funds and other institutional investors.

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.