Lakeland Industries (NASDAQ:LAKE) Raised to Hold at StockNews.com

Lakeland Industries (NASDAQ:LAKE) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Friday.

LAKE has been the subject of a number of other reports. Roth Mkm increased their price target on Lakeland Industries from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Maxim Group raised their target price on Lakeland Industries from $22.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, June 6th.

Lakeland Industries Price Performance

Shares of LAKE opened at $20.18 on Friday. Lakeland Industries has a one year low of $13.86 and a one year high of $26.10. The stock’s fifty day moving average is $22.48 and its 200-day moving average is $20.26. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.00 and a current ratio of 4.24. The firm has a market capitalization of $148.89 million, a price-to-earnings ratio of 26.91 and a beta of 0.57.

Lakeland Industries (NASDAQ:LAKE) last released its quarterly earnings results on Wednesday, September 4th. The medical instruments supplier reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.61). The company had revenue of $38.51 million for the quarter, compared to the consensus estimate of $41.10 million. Lakeland Industries had a return on equity of 3.70% and a net margin of 1.38%. During the same quarter last year, the firm posted $0.32 earnings per share. Equities analysts anticipate that Lakeland Industries will post 0.96 EPS for the current year.

Institutional Investors Weigh In On Lakeland Industries

Several large investors have recently modified their holdings of LAKE. Total Clarity Wealth Management Inc. acquired a new stake in shares of Lakeland Industries during the second quarter worth $597,000. Renaissance Technologies LLC lifted its position in shares of Lakeland Industries by 2.7% in the 2nd quarter. Renaissance Technologies LLC now owns 499,202 shares of the medical instruments supplier’s stock valued at $11,452,000 after acquiring an additional 13,200 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Lakeland Industries in the 4th quarter valued at approximately $236,000. Inspire Advisors LLC purchased a new stake in shares of Lakeland Industries in the 2nd quarter valued at approximately $222,000. Finally, High Falls Advisors Inc lifted its position in shares of Lakeland Industries by 35.8% in the 2nd quarter. High Falls Advisors Inc now owns 19,472 shares of the medical instruments supplier’s stock valued at $447,000 after acquiring an additional 5,137 shares in the last quarter. 71.69% of the stock is owned by institutional investors.

About Lakeland Industries

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.