Lakeland Industries, Inc. (NASDAQ:LAKE) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.
Analysts have set a 1-year consensus target price of $17.50 for the company and are forecasting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also given Lakeland Industries an industry rank of 113 out of 265 based on the ratings given to related companies.
LAKE has been the topic of several analyst reports. Zacks Investment Research lowered shares of Lakeland Industries from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Roth Capital initiated coverage on shares of Lakeland Industries in a report on Wednesday, August 23rd. They issued a “buy” rating and a $18.00 target price on the stock. Finally, ValuEngine raised shares of Lakeland Industries from a “hold” rating to a “buy” rating in a report on Friday, September 1st.
A number of large investors have recently modified their holdings of LAKE. Dimensional Fund Advisors LP raised its position in shares of Lakeland Industries by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 425,343 shares of the medical instruments supplier’s stock valued at $4,572,000 after acquiring an additional 11,716 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Lakeland Industries by 54.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 19,556 shares of the medical instruments supplier’s stock worth $210,000 after acquiring an additional 6,924 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Lakeland Industries by 132.6% during the 2nd quarter. Royal Bank of Canada now owns 155,970 shares of the medical instruments supplier’s stock worth $2,262,000 after acquiring an additional 88,910 shares in the last quarter. Alpine Woods Capital Investors LLC bought a new position in shares of Lakeland Industries during the 3rd quarter worth approximately $353,000. Finally, Granite Investment Partners LLC bought a new position in shares of Lakeland Industries during the 2nd quarter worth approximately $1,127,000. 55.52% of the stock is currently owned by hedge funds and other institutional investors.
Lakeland Industries (LAKE) traded down $0.10 during trading hours on Wednesday, reaching $13.75. 45,355 shares of the company traded hands, compared to its average volume of 33,430. The firm has a market cap of $111.25, a PE ratio of 16.89, a P/E/G ratio of 1.66 and a beta of -0.11. Lakeland Industries has a 1 year low of $9.85 and a 1 year high of $17.18. The company has a current ratio of 5.75, a quick ratio of 2.70 and a debt-to-equity ratio of 0.03.
Lakeland Industries (NASDAQ:LAKE) last released its earnings results on Wednesday, September 13th. The medical instruments supplier reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.05. The firm had revenue of $23.90 million during the quarter, compared to analysts’ expectations of $23.91 million. Lakeland Industries had a net margin of 6.65% and a return on equity of 8.27%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.20 EPS. research analysts forecast that Lakeland Industries will post 0.84 EPS for the current fiscal year.
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Lakeland Industries Company Profile
Lakeland Industries, Inc (Lakeland) manufactures and sells a line of safety garments and accessories for the industrial and public protective clothing market. The Company’s product categories include limited use/disposable protective clothing; high-end chemical protective suits; firefighting, flame resistant personal protective equipment (FR PPE) and heat protective apparel; reusable woven garments; high visibility clothing, and glove and sleeves.
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