Lakeland Industries, Inc. (NASDAQ:LAKE) has been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.
Analysts have set a 1-year consensus price objective of $17.50 for the company and are expecting that the company will post $0.19 EPS for the current quarter, according to Zacks. Zacks has also assigned Lakeland Industries an industry rank of 134 out of 265 based on the ratings given to its competitors.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Lakeland Industries from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Thursday, February 8th. TheStreet downgraded shares of Lakeland Industries from a “b” rating to a “c+” rating in a research note on Friday, December 15th.
Shares of Lakeland Industries (LAKE) traded down $0.10 during trading hours on Friday, reaching $12.95. 7,683 shares of the company’s stock traded hands, compared to its average volume of 36,597. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.21 and a current ratio of 6.43. Lakeland Industries has a 52 week low of $9.85 and a 52 week high of $17.18. The firm has a market cap of $104.30, a P/E ratio of 15.42, a P/E/G ratio of 1.45 and a beta of -0.18.
Lakeland Industries (NASDAQ:LAKE) last posted its quarterly earnings results on Friday, December 15th. The medical instruments supplier reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.04. Lakeland Industries had a net margin of 6.92% and a return on equity of 8.21%. The business had revenue of $23.96 million for the quarter, compared to the consensus estimate of $25.06 million. analysts expect that Lakeland Industries will post 0.9 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC increased its stake in shares of Lakeland Industries by 1.2% in the fourth quarter. Renaissance Technologies LLC now owns 589,502 shares of the medical instruments supplier’s stock worth $8,577,000 after acquiring an additional 7,200 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Lakeland Industries by 23.6% in the third quarter. Dimensional Fund Advisors LP now owns 543,631 shares of the medical instruments supplier’s stock worth $7,665,000 after purchasing an additional 103,694 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Lakeland Industries by 0.8% in the second quarter. Vanguard Group Inc. now owns 302,567 shares of the medical instruments supplier’s stock worth $4,387,000 after purchasing an additional 2,290 shares in the last quarter. Algert Global LLC boosted its holdings in Lakeland Industries by 776.0% in the third quarter. Algert Global LLC now owns 225,733 shares of the medical instruments supplier’s stock worth $3,183,000 after purchasing an additional 199,964 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in Lakeland Industries by 132.6% in the second quarter. Royal Bank of Canada now owns 155,970 shares of the medical instruments supplier’s stock worth $2,262,000 after purchasing an additional 88,910 shares in the last quarter. 54.40% of the stock is currently owned by institutional investors and hedge funds.
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About Lakeland Industries
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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