Lakeland Industries - LAKE Stock Forecast, Price & News

Lakeland Industries, Inc. manufactures and sells industrial protective clothing and accessories for the industrial and public protective clothing market worldwide. It offers limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks; high-end chemical protective suits to provide protection from highly concentrated, toxic and/or lethal chemicals, and biological toxins; and firefighting and heat protective apparel to protect against fire. The company also provides durable woven garments, including electrostatic dissipative apparel used in electronics clean rooms; flame resistant meta aramid, para aramid, and FR cotton coveralls/pants/jackets used in petrochemical, refining operations, and electrical utilities; FR fabrics; and cotton and polycotton coveralls, lab coats, pants, and shirts. In addition, it provides high visibility clothing comprising reflective apparel, including vests, T-shirts, sweatshirts, jackets, coats, raingear, jumpsuits, hats, and gloves; and gloves and sleeves that are used in the automotive, glass, and metal fabrication industries. The company sells its products to a network of approximately 1,600 safety and industrial supply distributors through in-house sales teams, customer service group, and independent sales representatives. It serves end users, such as integrated oil, chemical/petrochemical, automobile, steel, glass, construction, smelting, cleanroom, janitorial, pharmaceutical, and high technology electronics manufacturers, as well as scientific, medical laboratories, and the utilities industry; and federal, state, and local governmental agencies and departments. The company was incorporated in 1982 and is headquartered in Huntsville, Alabama.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on LAKE shares. Craig Hallum decreased their target price on Lakeland Industries from $45.00 to $30.00 in a report on Tuesday, April 19th. Roth Capital reiterated a "buy" rating on shares of Lakeland Industries in a research report on Wednesday, April 20th. TheStreet upgraded Lakeland Industries from a "c" rating to a "b-" rating in a research report on Friday, June 24th. Finally, StockNews.com upgraded Lakeland Industries from a "hold" rating to a "buy" rating in a research report on Friday, July 29th.

Lakeland Industries Trading Up 1.6 %

NASDAQ:LAKE traded up $0.25 on Thursday, reaching $15.53. 30,152 shares of the company were exchanged, compared to its average volume of 32,655. The business's fifty day moving average price is $15.95 and its 200 day moving average price is $17.59. The stock has a market capitalization of $119.13 million, a P/E ratio of 15.85 and a beta of 0.33. Lakeland Industries has a fifty-two week low of $14.91 and a fifty-two week high of $24.71.

Lakeland Industries (NASDAQ:LAKE - Get Rating) last announced its quarterly earnings results on Thursday, June 9th. The medical instruments supplier reported $0.14 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.13). Lakeland Industries had a net margin of 7.04% and a return on equity of 6.26%. The business had revenue of $27.28 million during the quarter, compared to analyst estimates of $27.60 million. Equities research analysts forecast that Lakeland Industries will post 1.13 earnings per share for the current year.