Lakeland Industries, Inc. (LAKE) - What Are Analysts Saying About This Stock?

Key Points

• Analyst views are mixed: Lakeland has a consensus “Hold” rating from five firms—three buys and two sells—with an average 12-month price target of $15. Recent downgrades included two “strong sell” ratings, while DA Davidson cut its target to $15 but maintained a buy rating.
• Quarterly results missed expectations: The company reported a loss of $0.50 per share versus analysts’ expected loss of $0.06, while revenue of $50.14 million also fell short of forecasts.
• LAKE opened at $8.95, below its 50-day and 200-day moving averages of about $10.10; institutional investors and hedge funds own 71.69% of its shares.

Shares of Lakeland Industries, Inc. (NASDAQ:LAKE - Get Free Report) have been given a consensus recommendation of "Hold" by the five ratings firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $15.00.

Several equities research analysts recently weighed in on LAKE shares. Zacks Research downgraded Lakeland Industries from a "hold" rating to a "strong sell" rating in a report on Tuesday, October 13th. Wall Street Zen downgraded Lakeland Industries from a "hold" rating to a "strong sell" rating in a research note on Saturday, September 12th. Roth Capital set a $17.00 price target on Lakeland Industries in a research report on Thursday, September 10th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Lakeland Industries in a research note on Friday, September 25th. Finally, DA Davidson reduced their target price on Lakeland Industries from $18.00 to $15.00 and set a "buy" rating on the stock in a report on Monday, September 14th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Persistent Asset Partners Ltd bought a new stake in shares of Lakeland Industries in the second quarter worth about $38,000. Ancora Advisors LLC purchased a new stake in shares of Lakeland Industries in the 2nd quarter worth approximately $54,000. Sei Investments Co. purchased a new stake in Lakeland Industries in the first quarter worth about $88,000. Bank of America Corp DE purchased a new stake in Lakeland Industries during the 2nd quarter valued at $163,000. Finally, R Squared Ltd purchased a new stake in shares of Lakeland Industries during the first quarter valued at about $125,000. Institutional investors and hedge funds own 71.69% of the company's stock.

Lakeland Industries Price Performance

LAKE stock opened at $8.95 on Friday. The firm has a 50 day simple moving average of $10.10 and a two-hundred day simple moving average of $10.13. The stock has a market cap of $88.87 million, a PE ratio of -3.30 and a beta of 1.50. Lakeland Industries has a one year low of $7.15 and a one year high of $16.91. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.98 and a quick ratio of 1.34.

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

About Lakeland Industries

Lakeland Industries, Inc NASDAQ: LAKE designs, manufactures and sells industrial and public-safety protective clothing and accessories. Its products are intended to help protect workers from chemical exposure, fire and heat, arc flash, hazardous particles, infectious materials and other workplace risks.

The company's product portfolio includes disposable and reusable coveralls, chemical-resistant suits, flame-resistant and high-visibility apparel, protective garments for cleanrooms and healthcare environments, gloves, sleeves, footwear and other personal protective equipment.

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