Lakeland Industries, Inc. (NASDAQ:LAKE) Given Consensus Rating of “Hold” by Brokerages

Shares of Lakeland Industries, Inc. (NASDAQ:LAKE) have been given an average rating of “Hold” by the five research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $16.50.

Several equities analysts recently weighed in on LAKE shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Lakeland Industries in a report on Thursday, January 22nd. UBS Group set a $14.00 price objective on shares of Lakeland Industries in a research note on Wednesday, December 10th. DA Davidson reaffirmed a “neutral” rating and issued a $14.00 price objective (down from $20.00) on shares of Lakeland Industries in a report on Wednesday, December 10th. Roth Mkm cut their price objective on shares of Lakeland Industries from $27.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, December 10th. Finally, Zacks Research raised shares of Lakeland Industries from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th.

Insiders Place Their Bets

In other Lakeland Industries news, CFO Roger D. Shannon sold 8,869 shares of Lakeland Industries stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $8.06, for a total transaction of $71,484.14. Following the completion of the transaction, the chief financial officer owned 36,026 shares in the company, valued at approximately $290,369.56. This trade represents a 19.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders bought 6,727 shares of company stock worth $58,548. 1.91% of the stock is currently owned by company insiders.

Institutional Trading of Lakeland Industries

Hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its position in Lakeland Industries by 87.8% during the third quarter. BNP Paribas Financial Markets now owns 1,795 shares of the medical instruments supplier’s stock valued at $27,000 after acquiring an additional 839 shares in the last quarter. First Trust Advisors LP boosted its position in Lakeland Industries by 4.2% in the 2nd quarter. First Trust Advisors LP now owns 28,554 shares of the medical instruments supplier’s stock worth $389,000 after purchasing an additional 1,149 shares in the last quarter. Rhumbline Advisers boosted its position in Lakeland Industries by 16.0% in the 3rd quarter. Rhumbline Advisers now owns 13,415 shares of the medical instruments supplier’s stock worth $199,000 after purchasing an additional 1,853 shares in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Lakeland Industries during the 2nd quarter worth approximately $31,000. Finally, Wells Fargo & Company MN increased its holdings in shares of Lakeland Industries by 35.5% during the 4th quarter. Wells Fargo & Company MN now owns 9,514 shares of the medical instruments supplier’s stock valued at $84,000 after purchasing an additional 2,492 shares in the last quarter. Hedge funds and other institutional investors own 71.69% of the company’s stock.

Lakeland Industries Stock Down 2.8%

Lakeland Industries stock opened at $8.60 on Monday. The business’s 50-day simple moving average is $9.28 and its two-hundred day simple moving average is $12.62. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.48 and a current ratio of 3.83. The company has a market cap of $84.37 million, a PE ratio of -1.96 and a beta of 1.29. Lakeland Industries has a fifty-two week low of $7.77 and a fifty-two week high of $21.23.

About Lakeland Industries

Lakeland Industries, Inc (NASDAQ:LAKE) is a global provider of high-performance protective apparel and accessories designed to safeguard workers in industrial, healthcare, laboratory, and emergency response environments. The company’s expertise lies in producing garments that shield against chemical, biological, radiological, and thermal risks, supporting safety protocols in sectors such as oil and gas, petrochemicals, pharmaceuticals, and first responders.

The product portfolio encompasses both single-use and reusable solutions, including chemical protective coveralls, flame-resistant garments, arc flash clothing, medical isolation gowns, and cleanroom suits.