Lakeland Industries (NASDAQ:LAKE) Upgraded to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded Lakeland Industries (NASDAQ:LAKE) from a "sell" rating to a "hold" rating, indicating a positive shift in analyst sentiment.
• Shares of Lakeland Industries are currently trading at $14.63, with a one-year price range between $12.76 and $27.28.
• The company reported better-than-expected earnings per share of $0.36 for the last quarter, surpassing the consensus estimate by $0.40.

Wall Street Zen upgraded shares of Lakeland Industries (NASDAQ:LAKE - Free Report) from a sell rating to a hold rating in a research note published on Saturday.

Other equities research analysts have also recently issued reports about the company. DA Davidson decreased their price target on Lakeland Industries from $23.00 to $20.00 and set a "buy" rating on the stock in a research report on Thursday, September 11th. Zacks Research raised shares of Lakeland Industries from a "strong sell" rating to a "hold" rating in a report on Thursday, August 14th. Finally, Lake Street Capital set a $26.00 target price on shares of Lakeland Industries and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Lakeland Industries currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.00.

Lakeland Industries Price Performance

Shares of NASDAQ:LAKE remained flat at $14.59 during trading on Friday. The company's stock had a trading volume of 59,588 shares, compared to its average volume of 127,965. The firm has a market cap of $139.63 million, a P/E ratio of -5.35 and a beta of 1.11. The firm's 50-day moving average is $14.57 and its 200 day moving average is $16.38. Lakeland Industries has a 12-month low of $12.76 and a 12-month high of $27.28. The company has a current ratio of 3.66, a quick ratio of 1.41 and a debt-to-equity ratio of 0.19.

Lakeland Industries (NASDAQ:LAKE - Get Free Report) last announced its quarterly earnings results on Tuesday, September 9th. The medical instruments supplier reported $0.36 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.40. Lakeland Industries had a negative return on equity of 3.07% and a negative net margin of 11.22%.The company had revenue of $52.50 million during the quarter, compared to analysts' expectations of $54.59 million. Lakeland Industries has set its FY 2026 guidance at EPS. Sell-side analysts forecast that Lakeland Industries will post 0.48 EPS for the current fiscal year.

Lakeland Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 15th were given a dividend of $0.03 per share. The ex-dividend date was Friday, August 15th. This represents a $0.12 dividend on an annualized basis and a yield of 0.8%. Lakeland Industries's dividend payout ratio (DPR) is presently -4.38%.

Hedge Funds Weigh In On Lakeland Industries

Several institutional investors have recently modified their holdings of the company. High Falls Advisors Inc lifted its position in Lakeland Industries by 21.5% in the 2nd quarter. High Falls Advisors Inc now owns 34,099 shares of the medical instruments supplier's stock worth $464,000 after buying an additional 6,038 shares during the last quarter. Paradigm Capital Management Inc. NY bought a new stake in shares of Lakeland Industries in the 2nd quarter worth approximately $136,000. Bank of America Corp DE boosted its stake in shares of Lakeland Industries by 189.9% in the 2nd quarter. Bank of America Corp DE now owns 4,177 shares of the medical instruments supplier's stock valued at $57,000 after purchasing an additional 2,736 shares in the last quarter. Sandia Investment Management LP bought a new position in shares of Lakeland Industries during the 2nd quarter valued at $148,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Lakeland Industries in the 2nd quarter worth $68,000. 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.