Zacks Research upgraded shares of Lakeland Industries (NASDAQ:LAKE - Free Report) from a hold rating to a strong-buy rating in a research note published on Wednesday morning,Zacks.com reports.
LAKE has been the subject of a number of other research reports. Lake Street Capital set a $26.00 price objective on shares of Lakeland Industries and gave the company a "buy" rating in a research note on Tuesday, June 10th. DA Davidson dropped their price target on shares of Lakeland Industries from $23.00 to $20.00 and set a "buy" rating on the stock in a report on Thursday, September 11th. Finally, Wall Street Zen raised shares of Lakeland Industries from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $25.00.
Check Out Our Latest Analysis on Lakeland Industries
Lakeland Industries Price Performance
NASDAQ:LAKE traded down $0.03 on Wednesday, hitting $14.94. The company had a trading volume of 16,028 shares, compared to its average volume of 128,564. The stock has a market capitalization of $142.93 million, a price-to-earnings ratio of -5.45 and a beta of 1.11. The company has a current ratio of 3.66, a quick ratio of 1.41 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average of $14.61 and a two-hundred day moving average of $16.15. 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 earnings results on Tuesday, September 9th. The medical instruments supplier reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of ($0.04) by $0.40. The business had revenue of $52.50 million for the quarter, compared to analyst estimates of $54.59 million. Lakeland Industries had a negative net margin of 11.22% and a negative return on equity of 3.07%. Lakeland Industries has set its FY 2026 guidance at EPS. On average, research analysts anticipate that Lakeland Industries will post 0.48 earnings per share for the current year.
Lakeland Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 15th were issued a dividend of $0.03 per share. The ex-dividend date was Friday, August 15th. This represents a $0.12 annualized dividend and a dividend yield of 0.8%. Lakeland Industries's dividend payout ratio is -4.38%.
Hedge Funds Weigh In On Lakeland Industries
Several hedge funds have recently modified their holdings of the stock. Ancora Advisors LLC increased its holdings in Lakeland Industries by 85.1% in the 1st quarter. Ancora Advisors LLC now owns 276,688 shares of the medical instruments supplier's stock worth $5,620,000 after buying an additional 127,195 shares during the period. Geode Capital Management LLC boosted its position in Lakeland Industries by 115.9% in the 2nd quarter. Geode Capital Management LLC now owns 217,786 shares of the medical instruments supplier's stock worth $2,964,000 after purchasing an additional 116,901 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Lakeland Industries by 1,720.2% in the 1st quarter. Russell Investments Group Ltd. now owns 114,017 shares of the medical instruments supplier's stock worth $2,316,000 after purchasing an additional 107,753 shares in the last quarter. Royce & Associates LP boosted its position in Lakeland Industries by 9.4% in the 1st quarter. Royce & Associates LP now owns 931,920 shares of the medical instruments supplier's stock worth $18,927,000 after purchasing an additional 79,940 shares in the last quarter. Finally, Evernest Financial Advisors LLC purchased a new stake in Lakeland Industries in the 1st quarter worth approximately $1,348,000. Institutional investors and hedge funds own 71.69% of the company's stock.
Lakeland Industries Company Profile
(
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.
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