Lakeland Industries, Inc. (NASDAQ:LAKE) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Lakeland Industries has a consensus analyst rating of Hold from five analysts (1 sell, 2 hold, 2 buy) with an average 1‑year target of $16.50, while several firms have recently cut price targets or downgraded the stock (Wall Street Zen to strong sell; Weiss Ratings sell; Lake Street and Roth MKM trimmed targets to $19; DA Davidson lowered its target to $14).
• The stock trades around $7.80 with a market cap of about $76.5 million, a negative P/E, a 1‑year range of $7.15–$20.83, and roughly 71.69% of shares held by institutional investors, signaling heavy institutional exposure amid downward price pressure.

Lakeland Industries, Inc. (NASDAQ:LAKE - Get Free Report) has earned a consensus recommendation of "Hold" from the five analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $16.50.

A number of brokerages recently weighed in on LAKE. Wall Street Zen cut shares of Lakeland Industries from a "hold" rating to a "strong sell" rating in a report on Saturday, December 13th. Weiss Ratings reissued a "sell (d)" rating on shares of Lakeland Industries in a research report on Thursday, January 22nd. Lake Street Capital dropped their price target on shares of Lakeland Industries from $26.00 to $19.00 and set a "buy" rating for the company in a research note on Wednesday, December 10th. Roth Mkm cut their price objective on Lakeland Industries from $27.00 to $19.00 and set a "buy" rating on the stock in a research report on Wednesday, December 10th. Finally, DA Davidson reiterated a "neutral" rating and issued a $14.00 price objective (down from $20.00) on shares of Lakeland Industries in a research note on Wednesday, December 10th.

Institutional Investors Weigh In On Lakeland Industries

A number of hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets boosted its holdings in Lakeland Industries by 87.8% in the third quarter. BNP Paribas Financial Markets now owns 1,795 shares of the medical instruments supplier's stock valued at $27,000 after purchasing an additional 839 shares in the last quarter. First Trust Advisors LP raised its holdings in Lakeland Industries by 4.2% during the second quarter. First Trust Advisors LP now owns 28,554 shares of the medical instruments supplier's stock worth $389,000 after purchasing an additional 1,149 shares in the last quarter. Rhumbline Advisers raised its holdings in Lakeland Industries by 16.0% during the third quarter. Rhumbline Advisers now owns 13,415 shares of the medical instruments supplier's stock worth $199,000 after purchasing an additional 1,853 shares in the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Lakeland Industries during the 2nd quarter worth approximately $31,000. Finally, Wells Fargo & Company MN lifted its position in shares of Lakeland Industries by 35.5% during the 4th quarter. Wells Fargo & Company MN now owns 9,514 shares of the medical instruments supplier's stock worth $84,000 after buying an additional 2,492 shares during the last quarter. Institutional investors and hedge funds own 71.69% of the company's stock.

Lakeland Industries Stock Performance

NASDAQ LAKE opened at $7.80 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.83 and a quick ratio of 1.48. The company has a market cap of $76.52 million, a P/E ratio of -1.78 and a beta of 1.29. The stock has a 50-day moving average of $9.09 and a two-hundred day moving average of $11.99. Lakeland Industries has a 1-year low of $7.15 and a 1-year high of $20.83.

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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