Lakeland Industries (NASDAQ:LAKE) Rating Increased to Strong-Buy at Zacks Research

Key Points

• Zacks Research upgraded Lakeland Industries from a "hold" to a "strong-buy" rating, signaling increased confidence in the stock's future performance.
• The company's shares saw a 2.1% increase following the upgrade, with current trading prices around $14.87.
• Institutional investors hold 71.69% of Lakeland Industries’ shares, highlighting strong support from hedge funds and major investment firms.

Zacks Research upgraded shares of Lakeland Industries (NASDAQ:LAKE - Free Report) from a hold rating to a strong-buy rating in a report released on Wednesday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. Wall Street Zen upgraded shares of Lakeland Industries from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Lake Street Capital set a $26.00 price target on shares of Lakeland Industries and gave the company a "buy" rating in a report on Tuesday, June 10th. Finally, DA Davidson decreased their target price on shares of Lakeland Industries from $23.00 to $20.00 and set a "buy" rating for the company in a research note on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $25.00.

Lakeland Industries Price Performance

Shares of NASDAQ LAKE traded down $0.22 during mid-day trading on Wednesday, reaching $14.65. 257,035 shares of the company were exchanged, compared to its average volume of 119,139. The company has a quick ratio of 1.41, a current ratio of 3.66 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $140.22 million, a PE ratio of -5.35 and a beta of 1.11. The company's 50 day moving average price is $14.59 and its 200 day moving average price is $16.22. Lakeland Industries has a 52 week low of $12.76 and a 52 week high of $27.28.

Lakeland Industries (NASDAQ:LAKE - Get Free Report) last posted its quarterly earnings results on Tuesday, September 9th. The medical instruments supplier reported $0.36 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.40. Lakeland Industries had a negative net margin of 11.22% and a negative return on equity of 3.07%. The business had revenue of $52.50 million during the quarter, compared to the consensus estimate 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 earnings per share for the current fiscal year.

Lakeland Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 15th were issued a $0.03 dividend. The ex-dividend date of this dividend 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 -4.38%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. purchased a new stake in shares of Lakeland Industries during the 2nd quarter worth about $28,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Lakeland Industries during the 2nd quarter valued at approximately $31,000. Bank of America Corp DE raised its position in shares of Lakeland Industries by 189.9% during 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 acquiring an additional 2,736 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in Lakeland Industries in the second quarter worth $59,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Lakeland Industries in the second quarter worth $68,000. Institutional investors and hedge funds own 71.69% of the company's stock.

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.