DA Davidson Cuts 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 - Free Report) had its price target decreased by DA Davidson from $23.00 to $20.00 in a report issued on Thursday,Benzinga reports. DA Davidson currently has a buy rating on the medical instruments supplier's stock.

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

Lakeland Industries Stock Up 0.8%

Lakeland Industries stock traded up $0.12 during midday trading on Thursday, reaching $14.61. The company's stock had a trading volume of 42,159 shares, compared to its average volume of 128,191. Lakeland Industries has a fifty-two week low of $12.76 and a fifty-two week high of $27.28. The company has a quick ratio of 1.41, a current ratio of 3.66 and a debt-to-equity ratio of 0.19. The company has a market cap of $139.77 million, a P/E ratio of -5.33 and a beta of 1.11. The business has a 50-day simple moving average of $14.57 and a 200-day simple moving average of $16.39.

Lakeland Industries (NASDAQ:LAKE - Get Free Report) last issued its quarterly earnings data on Tuesday, September 9th. The medical instruments supplier reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.40. The company had revenue of $52.50 million for the quarter, compared to analyst estimates of $54.59 million. Lakeland Industries had a negative return on equity of 3.07% and a negative net margin of 11.22%. Lakeland Industries has set its FY 2026 guidance at EPS. On average, research analysts expect that Lakeland Industries will post 0.48 earnings per share for the current fiscal year.

Lakeland Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 15th were issued a $0.03 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.12 dividend on an annualized basis and a yield of 0.8%. Lakeland Industries's payout ratio is currently -4.38%.

Institutional Investors Weigh In On Lakeland Industries

A number of institutional investors have recently modified their holdings of the stock. High Falls Advisors Inc raised its stake in shares of Lakeland Industries by 21.5% in the 2nd quarter. High Falls Advisors Inc now owns 34,099 shares of the medical instruments supplier's stock valued at $464,000 after purchasing an additional 6,038 shares in the last quarter. Paradigm Capital Management Inc. NY acquired a new stake in shares of Lakeland Industries in the 2nd quarter valued at about $136,000. Bank of America Corp DE raised its stake in Lakeland Industries by 189.9% during the second quarter. Bank of America Corp DE now owns 4,177 shares of the medical instruments supplier's stock worth $57,000 after acquiring an additional 2,736 shares during the period. Sandia Investment Management LP acquired a new stake in shares of Lakeland Industries in the second quarter valued at approximately $148,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Lakeland Industries in the second quarter valued at approximately $68,000. Institutional investors and hedge funds own 71.69% of the company's stock.

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.