Wall Street Zen upgraded shares of Lakeland Industries (NASDAQ:LAKE - Free Report) from a sell rating to a hold rating in a report issued on Saturday morning.
LAKE has been the topic of several other reports. DA Davidson reduced their price objective on Lakeland Industries from $23.00 to $20.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. Zacks Research upgraded Lakeland Industries from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 14th. Finally, Lake Street Capital set a $26.00 price objective on Lakeland Industries and gave the company a "buy" rating in a research note on Tuesday, June 10th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $25.00.
Check Out Our Latest Stock Analysis on LAKE
Lakeland Industries Trading Up 2.1%
Shares of LAKE traded up $0.31 during midday trading on Friday, hitting $14.87. 113,333 shares of the stock were exchanged, compared to its average volume of 117,873. Lakeland Industries has a 52-week low of $12.76 and a 52-week high of $27.28. The stock has a fifty day simple moving average of $14.58 and a 200 day simple moving average of $16.31. The firm has a market cap of $142.31 million, a P/E ratio of -5.43 and a beta of 1.11. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.41 and a current ratio of 3.66.
Lakeland Industries (NASDAQ:LAKE - Get Free Report) last announced its quarterly earnings data on Tuesday, September 9th. The medical instruments supplier reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.40. The business had revenue of $52.50 million for the quarter, compared to analysts' expectations of $54.59 million. Lakeland Industries had a negative return on equity of 3.07% and a negative net margin of 11.22%. Lakeland Industries has set its FY 2026 guidance at EPS. On average, research analysts anticipate that Lakeland Industries will post 0.48 EPS for the current fiscal year.
Lakeland Industries Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 15th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.8%. Lakeland Industries's dividend payout ratio (DPR) is currently -4.38%.
Institutional Investors Weigh In On Lakeland Industries
A number of institutional investors have recently added to or reduced their stakes in the business. Ancora Advisors LLC boosted its stake in shares of Lakeland Industries by 85.1% during the 1st quarter. Ancora Advisors LLC now owns 276,688 shares of the medical instruments supplier's stock worth $5,620,000 after acquiring an additional 127,195 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Lakeland Industries by 115.9% during the 2nd quarter. Geode Capital Management LLC now owns 217,786 shares of the medical instruments supplier's stock worth $2,964,000 after acquiring an additional 116,901 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Lakeland Industries by 1,720.2% during the 1st quarter. Russell Investments Group Ltd. now owns 114,017 shares of the medical instruments supplier's stock worth $2,316,000 after acquiring an additional 107,753 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Lakeland Industries by 9.4% during the 1st quarter. Royce & Associates LP now owns 931,920 shares of the medical instruments supplier's stock worth $18,927,000 after acquiring an additional 79,940 shares in the last quarter. Finally, Evernest Financial Advisors LLC purchased a new stake in shares of Lakeland Industries during the 1st quarter worth approximately $1,348,000. Hedge funds and other institutional investors own 71.69% of the company's stock.
About Lakeland Industries
(
Get Free Report)
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.
Further Reading
Before you consider Lakeland Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lakeland Industries wasn't on the list.
While Lakeland Industries currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
