Lakeland Industries, Inc. (NASDAQ:LAKE) Receives $25.00 Average Target Price from Analysts

Lakeland Industries, Inc. (NASDAQ:LAKE) has received a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $25.00.

LAKE has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Lakeland Industries in a research report on Saturday, September 27th. Wall Street Zen upgraded Lakeland Industries from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Zacks Research upgraded Lakeland Industries from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. DA Davidson cut their target price on Lakeland Industries from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Finally, Lake Street Capital set a $26.00 price objective on Lakeland Industries and gave the stock a “buy” rating in a research report on Tuesday, June 10th.

Lakeland Industries Stock Performance

NASDAQ:LAKE opened at $15.30 on Friday. The stock has a fifty day moving average price of $14.75 and a 200-day moving average price of $15.82. The company has a market cap of $146.42 million, a price-to-earnings ratio of -5.58 and a beta of 1.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.41 and a current ratio of 3.66. Lakeland Industries has a fifty-two week low of $12.76 and a fifty-two week high of $27.28.

Lakeland Industries (NASDAQ:LAKE) last released its earnings results on Tuesday, September 9th. The medical instruments supplier reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.40. The firm had revenue of $52.50 million during the quarter, compared to the consensus estimate of $54.59 million. Lakeland Industries had a negative return on equity of 3.07% and a negative net margin of 11.22%. Lakeland Industries has set its FY 2026 guidance at EPS. As a group, equities analysts anticipate that Lakeland Industries will post 0.48 EPS for the current fiscal year.

Lakeland Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 15th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, August 15th. Lakeland Industries’s dividend payout ratio is currently -4.38%.

Institutional Trading of Lakeland Industries

Institutional investors and hedge funds have recently modified their holdings of the business. Salem Investment Counselors Inc. bought a new position in Lakeland Industries in the second quarter valued at about $28,000. Police & Firemen s Retirement System of New Jersey bought a new position in Lakeland Industries in the second quarter valued at about $31,000. Bank of America Corp DE raised its position in Lakeland Industries by 189.9% in the second 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 during the last quarter. JPMorgan Chase & Co. bought a new position in Lakeland Industries in the second quarter valued at about $59,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Lakeland Industries in the second quarter valued at about $68,000. 71.69% of the stock is currently owned by institutional investors.

About Lakeland Industries

Lakeland Industries, Inc manufactures and sells industrial protective clothing and accessories for the industrial and public protective clothing market worldwide. It offers firefighting and heat protective apparel to protect against fire; high-end chemical protective suits to provide protection from highly concentrated, toxic and/or lethal chemicals, and biological toxins; and limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks.