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

Lakeland Industries, Inc. (NASDAQ:LAKE) has received a consensus recommendation of “Hold” from the five brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $15.20.

LAKE has been the topic of a number of research reports. Maxim Group set a $16.00 price target on shares of Lakeland Industries in a research note on Monday, April 20th. DA Davidson raised shares of Lakeland Industries from a “neutral” rating to a “buy” rating and lifted their price target for the company from $10.00 to $14.00 in a research note on Monday, April 20th. Lake Street Capital cut 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 note on Friday, April 17th. Finally, Zacks Research upgraded shares of Lakeland Industries from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th.

Lakeland Industries Stock Up 5.5%

Lakeland Industries stock opened at $10.43 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 1.36. Lakeland Industries has a fifty-two week low of $7.15 and a fifty-two week high of $19.77. The company’s 50 day simple moving average is $9.38 and its 200 day simple moving average is $10.37. The firm has a market capitalization of $102.84 million, a price-to-earnings ratio of -4.04 and a beta of 1.45.

Institutional Trading of Lakeland Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Private Capital Management LLC raised its holdings in shares of Lakeland Industries by 2.8% in the fourth quarter. Private Capital Management LLC now owns 1,202,433 shares of the medical instruments supplier’s stock valued at $10,630,000 after purchasing an additional 32,945 shares during the last quarter. Royce & Associates LP increased its holdings in Lakeland Industries by 10.0% during the third quarter. Royce & Associates LP now owns 1,178,670 shares of the medical instruments supplier’s stock worth $17,444,000 after buying an additional 107,100 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in Lakeland Industries by 62.3% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 772,015 shares of the medical instruments supplier’s stock worth $6,825,000 after buying an additional 296,222 shares during the last quarter. Vanguard Group Inc. increased its holdings in Lakeland Industries by 2.3% during the third quarter. Vanguard Group Inc. now owns 486,524 shares of the medical instruments supplier’s stock worth $7,201,000 after buying an additional 10,764 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Lakeland Industries by 115.9% during the second quarter. Geode Capital Management LLC now owns 217,786 shares of the medical instruments supplier’s stock worth $2,964,000 after buying an additional 116,901 shares during the last quarter. 71.69% of the stock is currently owned by institutional investors and hedge funds.

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.