Lakeland Industries (NASDAQ:LAKE) Price Target Raised to $27.00 at Roth Mkm

Lakeland Industries (NASDAQ:LAKE) had its price objective increased by research analysts at Roth Mkm from $25.00 to $27.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the medical instruments supplier’s stock. Roth Mkm’s price target would indicate a potential upside of 22.06% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. StockNews.com downgraded Lakeland Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Maxim Group boosted their price target on Lakeland Industries from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th.

Lakeland Industries Stock Down 1.2 %

LAKE traded down $0.27 on Wednesday, hitting $22.12. 25,361 shares of the company were exchanged, compared to its average volume of 35,339. Lakeland Industries has a 12 month low of $13.63 and a 12 month high of $24.80. The company has a market cap of $163.25 million, a PE ratio of 29.85 and a beta of 0.57. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.74 and a current ratio of 5.39. The stock’s fifty day moving average is $19.58 and its 200-day moving average is $18.12.

Lakeland Industries (NASDAQ:LAKE) last announced its quarterly earnings results on Tuesday, June 4th. The medical instruments supplier reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.16). The business had revenue of $36.31 million for the quarter, compared to analyst estimates of $31.90 million. Lakeland Industries had a return on equity of 6.84% and a net margin of 4.34%. Equities research analysts predict that Lakeland Industries will post 1.39 EPS for the current fiscal year.

Insider Activity

In other news, CEO James M. Jenkins bought 2,085 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were bought at an average price of $23.98 per share, with a total value of $49,998.30. Following the completion of the transaction, the chief executive officer now owns 75,728 shares of the company’s stock, valued at $1,815,957.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lakeland Industries

Institutional investors have recently made changes to their positions in the stock. Hillsdale Investment Management Inc. boosted its stake in shares of Lakeland Industries by 37.2% in the first quarter. Hillsdale Investment Management Inc. now owns 10,700 shares of the medical instruments supplier’s stock valued at $196,000 after buying an additional 2,900 shares during the period. Empowered Funds LLC boosted its stake in shares of Lakeland Industries by 6.9% in the first quarter. Empowered Funds LLC now owns 10,873 shares of the medical instruments supplier’s stock valued at $199,000 after buying an additional 700 shares during the period. Quadrature Capital Ltd bought a new stake in shares of Lakeland Industries in the fourth quarter valued at approximately $236,000. Equitable Trust Co. boosted its stake in shares of Lakeland Industries by 10.7% in the fourth quarter. Equitable Trust Co. now owns 27,665 shares of the medical instruments supplier’s stock valued at $513,000 after buying an additional 2,680 shares during the period. Finally, North Star Investment Management Corp. boosted its stake in shares of Lakeland Industries by 0.9% in the first quarter. North Star Investment Management Corp. now owns 168,573 shares of the medical instruments supplier’s stock valued at $3,085,000 after buying an additional 1,503 shares during the period. 71.69% of the stock is currently owned by institutional investors.

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.