Lakeland Industries (NASDAQ:LAKE) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Lakeland Industries (NASDAQ:LAKE) from a strong sell rating to a hold rating in a report published on Monday,Zacks.com reports.

Several other analysts have also recently commented on the stock. UBS Group set a $14.00 target price on shares of Lakeland Industries in a research report on Wednesday, December 10th. Wall Street Zen lowered Lakeland Industries from a “hold” rating to a “strong sell” rating in a research note on Saturday, December 13th. Lake Street Capital reduced their target price on Lakeland Industries from $26.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, December 10th. DA Davidson reaffirmed a “neutral” rating and issued a $14.00 price target (down from $20.00) on shares of Lakeland Industries in a research note on Wednesday, December 10th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lakeland Industries in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Lakeland Industries presently has a consensus rating of “Hold” and an average target price of $16.50.

Lakeland Industries Trading Down 0.1%

Shares of NASDAQ LAKE traded down $0.02 during midday trading on Monday, hitting $10.10. The stock had a trading volume of 24,996 shares, compared to its average volume of 144,886. The firm has a market cap of $98.99 million, a P/E ratio of -2.30 and a beta of 1.30. Lakeland Industries has a fifty-two week low of $7.77 and a fifty-two week high of $25.53. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.83 and a quick ratio of 1.48. The company’s 50-day simple moving average is $9.65 and its 200 day simple moving average is $13.26.

Insider Activity at Lakeland Industries

In related news, CFO Roger D. Shannon sold 8,869 shares of the 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 directly owned 36,026 shares in the company, valued at approximately $290,369.56. This trade represents a 19.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought 6,727 shares of company stock valued at $58,548 in the last 90 days. Insiders own 1.91% of the company’s stock.

Institutional Trading of Lakeland Industries

A number of institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets grew its position in Lakeland Industries by 87.8% in the third quarter. BNP Paribas Financial Markets now owns 1,795 shares of the medical instruments supplier’s stock valued at $27,000 after purchasing an additional 839 shares in the last quarter. Diversified Investment Strategies LLC boosted its position in Lakeland Industries by 2.6% during the second quarter. Diversified Investment Strategies LLC now owns 40,000 shares of the medical instruments supplier’s stock valued at $544,000 after purchasing an additional 1,000 shares during the last quarter. First Trust Advisors LP grew its stake in Lakeland Industries by 4.2% in the second quarter. First Trust Advisors LP now owns 28,554 shares of the medical instruments supplier’s stock valued at $389,000 after purchasing an additional 1,149 shares in the last quarter. Rhumbline Advisers increased its position in shares of Lakeland Industries by 16.0% during 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 during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Lakeland Industries during the 2nd quarter worth approximately $31,000. Institutional investors own 71.69% of the company’s stock.

Lakeland Industries Company Profile

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.