Lakeland Industries (NASDAQ:LAKE) Now Covered by Analysts at Maxim Group

Equities researchers at Maxim Group initiated coverage on shares of Lakeland Industries (NASDAQ:LAKE) in a report released on Wednesday, Briefing.com reports. The brokerage set a “buy” rating and a $22.00 price target on the medical instruments supplier’s stock. Maxim Group’s price target suggests a potential upside of 34.89% from the company’s current price.

Other equities analysts have also issued research reports about the company. StockNews.com lowered Lakeland Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. TheStreet raised Lakeland Industries from a “c+” rating to a “b-” rating in a report on Thursday, February 1st.

Lakeland Industries Trading Up 0.5 %

NASDAQ LAKE opened at $16.31 on Wednesday. Lakeland Industries has a one year low of $10.60 and a one year high of $19.66. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.74 and a current ratio of 5.53. The company has a market capitalization of $120.20 million, a price-to-earnings ratio of 22.97 and a beta of 0.47. The company’s 50-day simple moving average is $16.85 and its two-hundred day simple moving average is $16.45.

Lakeland Industries (NASDAQ:LAKE) last posted its earnings results on Wednesday, April 10th. The medical instruments supplier reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.08). Lakeland Industries had a net margin of 4.33% and a return on equity of 6.63%. The company had revenue of $31.20 million during the quarter, compared to analysts’ expectations of $32.50 million. Equities analysts forecast that Lakeland Industries will post 1.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Barclays PLC purchased a new stake in shares of Lakeland Industries during the third quarter worth approximately $53,000. Bailard Inc. acquired a new position in shares of Lakeland Industries in the 3rd quarter valued at $225,000. Quadrature Capital Ltd acquired a new position in shares of Lakeland Industries in the 4th quarter valued at $236,000. Finally, Equitable Trust Co. lifted its stake in shares of Lakeland Industries by 10.7% in the 4th quarter. Equitable Trust Co. now owns 27,665 shares of the medical instruments supplier’s stock valued at $513,000 after purchasing an additional 2,680 shares during the last quarter. 71.69% of the stock is owned by institutional investors and hedge funds.

Lakeland Industries Company Profile

Lakeland Industries, Inc manufactures and sells industrial protective clothing and accessories for the industrial and public protective clothing market worldwide. It offers firefighting and heat protective apparel to protect against fire; high-end chemical protective suits to provide protection from highly concentrated, toxic and/or lethal chemicals, and biological toxins; and limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks.