Lakeland Industries (NASDAQ:LAKE) Given a $26.00 Price Target by Lake Street Capital Analysts

Lake Street Capital set a $26.00 price target on Lakeland Industries (NASDAQ:LAKE - Free Report) in a report released on Tuesday, MarketBeat Ratings reports. The brokerage currently has a buy rating on the medical instruments supplier's stock.

Several other research firms have also recently weighed in on LAKE. DA Davidson lowered their price target on Lakeland Industries from $28.00 to $23.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Wall Street Zen upgraded Lakeland Industries to a "sell" rating in a research report on Wednesday, May 7th.

Lakeland Industries Stock Performance

LAKE traded down $1.42 during midday trading on Tuesday, hitting $13.92. 278,987 shares of the company traded hands, compared to its average volume of 74,854. The company has a quick ratio of 1.77, a current ratio of 4.23 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $132.39 million, a PE ratio of -154.67 and a beta of 1.13. The company's 50-day moving average is $17.26 and its 200 day moving average is $20.91. Lakeland Industries has a 52 week low of $13.91 and a 52 week high of $27.28.

Lakeland Industries (NASDAQ:LAKE - Get Free Report) last released its quarterly earnings data on Monday, June 9th. The medical instruments supplier reported ($0.41) earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.68). Lakeland Industries had a negative net margin of 0.42% and a positive return on equity of 1.66%. The company had revenue of $46.75 million for the quarter, compared to analysts' expectations of $48.84 million. During the same period in the previous year, the firm earned $0.22 earnings per share. On average, research analysts expect that Lakeland Industries will post 0.48 EPS for the current year.

Lakeland Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.12 annualized dividend and a yield of 0.86%. Lakeland Industries's dividend payout ratio (DPR) is -3.99%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LAKE. Jane Street Group LLC purchased a new position in Lakeland Industries during the fourth quarter valued at $494,000. Delta Investment Management LLC bought a new position in shares of Lakeland Industries in the fourth quarter worth about $445,000. Millennium Management LLC lifted its position in shares of Lakeland Industries by 166.1% during the 4th quarter. Millennium Management LLC now owns 27,783 shares of the medical instruments supplier's stock valued at $710,000 after buying an additional 17,344 shares in the last quarter. First Eagle Investment Management LLC bought a new position in shares of Lakeland Industries during the 4th quarter valued at approximately $571,000. Finally, Susquehanna International Group LLP grew its stake in shares of Lakeland Industries by 261.9% during the 4th quarter. Susquehanna International Group LLP now owns 98,419 shares of the medical instruments supplier's stock valued at $2,515,000 after acquiring an additional 71,224 shares during the period. 71.69% of the stock is currently owned by institutional investors.

Lakeland Industries Company Profile

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.