DA Davidson Cuts Lakeland Industries (NASDAQ:LAKE) Price Target to $15.00

Key Points

• DA Davidson lowered Lakeland Industries’ price target from $18 to $15 while maintaining a “buy” rating, implying roughly 46.7% upside from the stock’s $10.22 price.
• Analyst sentiment is mixed: three analysts rate LAKE a Buy, one a Hold, and one a Sell, resulting in a consensus “Hold” rating and a $15 consensus target.
• Lakeland’s latest quarterly results were weak, with an adjusted loss of $0.50 per share versus the $0.06 expected loss and revenue of $50.14 million below estimates of $51.36 million. Institutional investors own approximately 71.69% of the company.

Lakeland Industries (NASDAQ:LAKE - Get Free Report) had its price objective lowered by investment analysts at DA Davidson from $18.00 to $15.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a "buy" rating on the medical instruments supplier's stock. DA Davidson's price target would indicate a potential upside of 46.70% from the company's current price.

A number of other research firms also recently commented on LAKE. Weiss Ratings raised shares of Lakeland Industries from a "sell (e+)" rating to a "sell (d-)" rating in a report on Monday, June 29th. Wall Street Zen cut shares of Lakeland Industries from a "hold" rating to a "strong sell" rating in a report on Saturday. Finally, Roth Capital set a $17.00 price target on shares of Lakeland Industries in a research report on Thursday. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Lakeland Industries currently has a consensus rating of "Hold" and a consensus target price of $15.00.

Lakeland Industries Stock Up 1.4%

NASDAQ LAKE traded up $0.14 on Monday, hitting $10.22. 23,980 shares of the stock traded hands, compared to its average volume of 115,946. The company has a current ratio of 2.98, a quick ratio of 1.34 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average of $11.49 and a 200 day moving average of $10.34. Lakeland Industries has a twelve month low of $7.15 and a twelve month high of $18.00. The company has a market capitalization of $101.53 million, a P/E ratio of -3.77 and a beta of 1.45.

Lakeland Industries (NASDAQ:LAKE - Get Free Report) last issued its earnings results on Wednesday, September 9th. The medical instruments supplier reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.44). The firm had revenue of $50.14 million during the quarter, compared to analyst estimates of $51.36 million. Lakeland Industries had a negative return on equity of 11.35% and a negative net margin of 13.99%. As a group, analysts expect that Lakeland Industries will post -0.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Private Capital Management LLC increased its position in 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 worth $10,630,000 after buying an additional 32,945 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Lakeland Industries by 2.3% during the third quarter. Vanguard Group Inc. now owns 486,524 shares of the medical instruments supplier's stock valued at $7,201,000 after acquiring an additional 10,764 shares during the period. Geode Capital Management LLC grew its position in shares of 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 acquiring an additional 116,901 shares during the last quarter. Expect Equity LLC grew its position in shares of Lakeland Industries by 6.9% during the fourth quarter. Expect Equity LLC now owns 166,061 shares of the medical instruments supplier's stock worth $1,468,000 after acquiring an additional 10,705 shares during the last quarter. Finally, BlackRock Inc. acquired a new stake in shares of Lakeland Industries in the 2nd quarter worth about $1,692,000. Institutional investors and hedge funds own 71.69% of the company's stock.

About Lakeland Industries

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.

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