DA Davidson Lowers Lakeland Industries (NASDAQ:LAKE) Price Target to $20.00

Key Points

• DA Davidson has reduced Lakeland Industries' price target from $23.00 to $20.00, while maintaining a "buy" rating, indicating a potential upside of 43.37% from its previous close.
• The stock is currently rated as a "Moderate Buy" by analysts, with an average consensus target price of $25.00.
• In its latest earnings report, Lakeland Industries outperformed estimates with $0.36 earnings per share, exceeding the consensus estimate of a loss of $0.04.

Lakeland Industries (NASDAQ:LAKE - Get Free Report) had its price target reduced by DA Davidson from $23.00 to $20.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the medical instruments supplier's stock. DA Davidson's price objective points to a potential upside of 43.37% from the stock's previous close.

A number of other research firms have also issued reports on LAKE. Lake Street Capital set a $26.00 target price on Lakeland Industries and gave the company a "buy" rating in a report on Tuesday, June 10th. Zacks Research raised Lakeland Industries from a "strong sell" rating to a "hold" rating in a report on Thursday, August 14th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $25.00.

Lakeland Industries Stock Performance

Shares of LAKE opened at $13.95 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.51 and a current ratio of 3.88. Lakeland Industries has a 1 year low of $12.76 and a 1 year high of $27.28. The stock has a market capitalization of $132.66 million, a PE ratio of -5.04 and a beta of 1.11. The stock has a 50-day simple moving average of $14.53 and a 200-day simple moving average of $16.67.

Lakeland Industries (NASDAQ:LAKE - Get Free Report) last issued its earnings results on Tuesday, September 9th. The medical instruments supplier reported $0.36 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.40. Lakeland Industries had a negative return on equity of 3.12% and a negative net margin of 11.22%.The business had revenue of $52.50 million for the quarter, compared to analyst estimates of $54.59 million. Lakeland Industries has set its FY 2026 guidance at EPS. On average, analysts predict that Lakeland Industries will post 0.48 earnings per share for the current fiscal year.

Institutional Trading of Lakeland Industries

Several large investors have recently added to or reduced their stakes in the business. Private Capital Management LLC increased its position in shares of Lakeland Industries by 0.4% during the 4th quarter. Private Capital Management LLC now owns 1,007,391 shares of the medical instruments supplier's stock valued at $25,739,000 after purchasing an additional 4,092 shares during the period. Royce & Associates LP boosted its position in shares of Lakeland Industries by 9.4% in the first quarter. Royce & Associates LP now owns 931,920 shares of the medical instruments supplier's stock worth $18,927,000 after buying an additional 79,940 shares during the period. Pacific Ridge Capital Partners LLC boosted its position in shares of Lakeland Industries by 3.8% in the first quarter. Pacific Ridge Capital Partners LLC now owns 297,962 shares of the medical instruments supplier's stock worth $6,052,000 after buying an additional 10,992 shares during the period. First Eagle Investment Management LLC boosted its position in shares of Lakeland Industries by 27.3% in the second quarter. First Eagle Investment Management LLC now owns 278,756 shares of the medical instruments supplier's stock worth $3,794,000 after buying an additional 59,803 shares during the period. Finally, Ancora Advisors LLC boosted its position in shares of Lakeland Industries by 85.1% in the first quarter. Ancora Advisors LLC now owns 276,688 shares of the medical instruments supplier's stock worth $5,620,000 after buying an additional 127,195 shares during the period. 71.69% of the stock is currently owned by institutional investors and hedge funds.

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.

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