Lakeland Industries, Inc. (LAKE) Receives Consensus Rating of “Strong Buy” from Analysts

Shares of Lakeland Industries, Inc. (NASDAQ:LAKE) have earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokerages have set a 1-year consensus target price of $18.00 for the company and are predicting that the company will post $0.22 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Lakeland Industries an industry rank of 173 out of 257 based on the ratings given to its competitors.

A number of brokerages recently issued reports on LAKE. Zacks Investment Research upgraded Lakeland Industries from a “sell” rating to a “hold” rating in a report on Saturday, November 10th. Roth Capital restated a “buy” rating on shares of Lakeland Industries in a report on Sunday, September 9th. Finally, ValuEngine upgraded Lakeland Industries from a “hold” rating to a “buy” rating in a report on Tuesday, November 13th.

Shares of LAKE stock traded up $0.17 during mid-day trading on Friday, hitting $14.01. 8,779 shares of the stock traded hands, compared to its average volume of 13,613. Lakeland Industries has a twelve month low of $12.18 and a twelve month high of $16.85. The stock has a market cap of $113.71 million, a PE ratio of 24.58 and a beta of 0.12. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.87 and a current ratio of 6.81.

Lakeland Industries (NASDAQ:LAKE) last issued its quarterly earnings results on Monday, September 10th. The medical instruments supplier reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.02). Lakeland Industries had a negative net margin of 0.23% and a positive return on equity of 5.73%. The firm had revenue of $25.62 million for the quarter, compared to analyst estimates of $25.10 million. Equities research analysts predict that Lakeland Industries will post 0.85 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of LAKE. Ariel Investments LLC acquired a new position in shares of Lakeland Industries in the 2nd quarter worth $6,718,000. Private Capital Management LLC acquired a new position in shares of Lakeland Industries in the 3rd quarter worth $3,587,000. Heartland Advisors Inc. acquired a new position in shares of Lakeland Industries in the 3rd quarter worth $2,660,000. Dimensional Fund Advisors LP grew its holdings in shares of Lakeland Industries by 9.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 614,649 shares of the medical instruments supplier’s stock worth $7,960,000 after acquiring an additional 53,064 shares during the last quarter. Finally, North Star Investment Management Corp. grew its holdings in shares of Lakeland Industries by 30.5% in the 3rd quarter. North Star Investment Management Corp. now owns 188,450 shares of the medical instruments supplier’s stock worth $2,506,000 after acquiring an additional 44,000 shares during the last quarter. Institutional investors and hedge funds own 56.61% of the company’s stock.

Lakeland Industries Company Profile

Lakeland Industries, Inc manufactures and sells a range of safety garments and accessories for the industrial and public protective clothing market in the United States and internationally. 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, and hazardous chemical and biological toxins; and firefighting and heat protective apparel to protect against fire, burns, and excessive heat.

Further Reading: Investing in Dividend Stocks

Get a free copy of the Zacks research report on Lakeland Industries (LAKE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Lakeland Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lakeland Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply