Shares of Lakeland Industries, Inc. (NASDAQ:LAKE - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.95 and traded as high as $12.70. Lakeland Industries shares last traded at $11.87, with a volume of 93,777 shares traded.
Analyst Upgrades and Downgrades
LAKE has been the topic of several recent research reports. Lake Street Capital decreased their price objective on Lakeland Industries from $16.00 to $13.00 and set a "buy" rating on the stock in a report on Friday, April 17th. Weiss Ratings raised Lakeland Industries from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Monday, June 29th. DA Davidson lifted their price target on shares of Lakeland Industries from $14.00 to $18.00 and gave the stock a "buy" rating in a research note on Thursday, June 11th. Maxim Group set a $16.00 price objective on shares of Lakeland Industries in a research note on Monday, April 20th. Finally, Wall Street Zen upgraded shares of Lakeland Industries from a "sell" rating to a "hold" rating in a research note on Sunday, July 12th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $16.00.
Get Our Latest Research Report on LAKE
Lakeland Industries Price Performance
The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.34 and a current ratio of 3.09. The firm has a market capitalization of $117.15 million, a P/E ratio of -5.57 and a beta of 1.43. The company has a 50-day moving average price of $10.92 and a 200-day moving average price of $9.95.
Lakeland Industries (NASDAQ:LAKE - Get Free Report) last released its quarterly earnings data on Tuesday, June 9th. The medical instruments supplier reported $0.04 EPS for the quarter, beating analysts' consensus estimates of ($0.14) by $0.18. The business had revenue of $47.42 million during the quarter, compared to analysts' expectations of $47.36 million. Lakeland Industries had a negative net margin of 10.87% and a negative return on equity of 6.64%. On average, sell-side analysts predict that Lakeland Industries, Inc. will post -0.28 earnings per share for the current year.
Institutional Investors Weigh In On Lakeland Industries
Institutional investors and hedge funds have recently made changes to their positions in the stock. Pacific Ridge Capital Partners LLC raised its stake in Lakeland Industries by 62.3% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 772,015 shares of the medical instruments supplier's stock valued at $6,825,000 after acquiring an additional 296,222 shares during the period. Peapod Lane Capital LLC acquired a new stake in Lakeland Industries in the 4th quarter worth about $604,000. Equitable Trust Co. boosted its stake in shares of Lakeland Industries by 10.4% in the fourth quarter. Equitable Trust Co. now owns 29,990 shares of the medical instruments supplier's stock valued at $265,000 after buying an additional 2,820 shares during the period. Marquette Asset Management LLC bought a new stake in shares of Lakeland Industries during the 2nd quarter valued at $300,000. Finally, Bank of America Corp DE lifted its position in Lakeland Industries by 173.9% during the first quarter. Bank of America Corp DE now owns 19,169 shares of the medical instruments supplier's stock worth $157,000 after purchasing an additional 12,171 shares during the period. Institutional investors own 71.69% of the company's stock.
Lakeland Industries Company Profile
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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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