Lakeland Industries' (LAKE) "Sell (D)" Rating Reiterated at Weiss Ratings

Key Points

• Weiss Ratings has reiterated a "sell (D)" rating for Lakeland Industries (LAKE), indicating a negative outlook on the stock's performance.
• Analysts have varying opinions with DA Davidson reducing its price target to $20.00 while Lake Street Capital set a target of $26.00, and overall consensus suggests a "Moderate Buy" with a target price of $25.00.
• Lakeland Industries reported $0.36 earnings per share for the latest quarter, beating estimates, but also has a negative net margin of 11.22% and a 12-month high of $27.28.

Lakeland Industries (NASDAQ:LAKE - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by equities research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Several other analysts have also issued reports on the stock. DA Davidson reduced their price target on shares of Lakeland Industries from $23.00 to $20.00 and set a "buy" rating on the stock in a research report on Thursday, September 11th. Lake Street Capital set a $26.00 price target on shares of Lakeland Industries and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Zacks Research upgraded shares of Lakeland Industries from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 17th. Finally, Wall Street Zen upgraded shares of Lakeland Industries from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.00.

Lakeland Industries Stock Performance

Shares of NASDAQ:LAKE opened at $16.26 on Wednesday. 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 firm has a market cap of $155.62 million, a PE ratio of -5.93 and a beta of 1.10. The company's 50 day moving average price is $14.79 and its two-hundred day moving average price is $15.82. Lakeland Industries has a 12-month low of $12.76 and a 12-month high of $27.28.

Lakeland Industries (NASDAQ:LAKE - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $52.50 million for the quarter, compared to analyst estimates of $54.59 million. Lakeland Industries had a negative net margin of 11.22% and a negative return on equity of 3.07%. Lakeland Industries has set its FY 2026 guidance at EPS. Equities research analysts predict that Lakeland Industries will post 0.48 earnings per share for the current year.

Hedge Funds Weigh In On Lakeland Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. High Falls Advisors Inc lifted its stake in Lakeland Industries by 2.2% in the 1st quarter. High Falls Advisors Inc now owns 28,061 shares of the medical instruments supplier's stock valued at $570,000 after purchasing an additional 599 shares during the last quarter. Jefferies Financial Group Inc. raised its stake in shares of Lakeland Industries by 4.5% during the first quarter. Jefferies Financial Group Inc. now owns 20,348 shares of the medical instruments supplier's stock valued at $413,000 after acquiring an additional 883 shares during the last quarter. Diversified Investment Strategies LLC raised its stake in shares of Lakeland Industries by 2.6% during the second quarter. Diversified Investment Strategies LLC now owns 40,000 shares of the medical instruments supplier's stock valued at $544,000 after acquiring an additional 1,000 shares during the last quarter. First Trust Advisors LP raised its stake in shares of 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 valued at $389,000 after acquiring an additional 1,149 shares during the last quarter. Finally, Salem Investment Counselors Inc. bought a new position in shares of Lakeland Industries during the second quarter valued at $28,000. Institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.