Lakeland Industries, Inc. (NASDAQ:LAKE) Stock Has Average Price Target of $15.00 According to Brokerages

Shares of Lakeland Industries, Inc. (NASDAQ:LAKE) have received an average recommendation of “Hold” from the five brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $15.00.

A number of equities analysts have issued reports on LAKE shares. Zacks Research lowered shares of Lakeland Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday. DA Davidson decreased their price objective on shares of Lakeland Industries from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, September 14th. Wall Street Zen downgraded shares of Lakeland Industries from a “hold” rating to a “strong sell” rating in a report on Saturday, September 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lakeland Industries in a research note on Friday, September 25th. Finally, Roth Capital set a $17.00 price objective on shares of Lakeland Industries in a research note on Thursday, September 10th.

Institutional Investors Weigh In On Lakeland Industries

Several hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE acquired a new position in Lakeland Industries in the second quarter valued at approximately $163,000. Ancora Advisors LLC purchased a new position in shares of Lakeland Industries during the 2nd quarter valued at approximately $54,000. Expect Equity LLC purchased a new position in shares of Lakeland Industries during the 2nd quarter valued at approximately $921,000. Manatuck Hill Partners LLC acquired a new position in shares of Lakeland Industries in the 2nd quarter valued at $431,000. Finally, BlackRock Inc. acquired a new position in shares of Lakeland Industries in the 2nd quarter valued at $1,692,000. 71.69% of the stock is owned by hedge funds and other institutional investors.

Lakeland Industries Stock Performance

Shares of LAKE opened at $9.38 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.34 and a current ratio of 2.98. The stock has a 50-day moving average of $10.97 and a two-hundred day moving average of $10.62. The stock has a market cap of $93.15 million, a P/E ratio of -3.46 and a beta of 1.45. Lakeland Industries has a one year low of $7.15 and a one year high of $17.72.

Lakeland Industries (NASDAQ:LAKE) last announced its quarterly earnings data on Wednesday, September 9th. The medical instruments supplier reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.44). The firm had revenue of $50.14 million during the quarter, compared to analyst estimates of $51.36 million. Lakeland Industries had a negative net margin of 13.99% and a negative return on equity of 11.35%. As a group, research analysts predict that Lakeland Industries will post -0.48 EPS for the current year.

About Lakeland Industries

Lakeland Industries, Inc is a manufacturer and distributor of industrial and public-safety protective clothing. The company develops apparel and related products designed to help protect workers from chemical exposure, hazardous materials, fire, heat, cold, airborne particles and other workplace risks.

Its product portfolio includes disposable and limited-use garments, chemical-resistant suits, flame-resistant and high-visibility clothing, heat- and cold-protective apparel, protective gloves and other personal protective equipment.