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

Lakeland Industries (NASDAQ:LAKE - Get Free Report) has been assigned a $26.00 price objective by equities researchers at Lake Street Capital in a report released on Tuesday, Marketbeat.com reports. The firm currently has a "buy" rating on the medical instruments supplier's stock. Lake Street Capital's price objective suggests a potential upside of 72.53% from the company's previous close.

Several other equities analysts have also weighed in on LAKE. DA Davidson reduced their price target on shares of Lakeland Industries from $28.00 to $23.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Wall Street Zen raised shares of Lakeland Industries to a "sell" rating in a research note on Wednesday, May 7th.

Lakeland Industries Trading Down 22.2%

LAKE opened at $15.07 on Tuesday. Lakeland Industries has a fifty-two week low of $14.00 and a fifty-two week high of $27.28. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.23 and a quick ratio of 1.77. The firm has a market capitalization of $143.33 million, a price-to-earnings ratio of -167.44 and a beta of 1.13. The company's 50 day moving average price is $17.39 and its two-hundred day moving average price is $21.05.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Peapod Lane Capital LLC bought a new position in shares of Lakeland Industries during the 4th quarter valued at approximately $2,018,000. D.A. Davidson & CO. increased its stake in shares of Lakeland Industries by 1.6% during the fourth quarter. D.A. Davidson & CO. now owns 43,892 shares of the medical instruments supplier's stock valued at $1,121,000 after buying an additional 698 shares during the period. IFP Advisors Inc bought a new stake in Lakeland Industries during the fourth quarter valued at about $36,000. Bank of New York Mellon Corp boosted its holdings in Lakeland Industries by 6.8% in the fourth quarter. Bank of New York Mellon Corp now owns 46,001 shares of the medical instruments supplier's stock worth $1,175,000 after acquiring an additional 2,928 shares in the last quarter. Finally, Metis Global Partners LLC acquired a new stake in Lakeland Industries in the fourth quarter worth about $207,000. 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.