Lakeland Industries (NASDAQ:LAKE) Coverage Initiated at Lake Street Capital

Investment analysts at Lake Street Capital started coverage on shares of Lakeland Industries (NASDAQ:LAKE) in a report released on Tuesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $30.00 price target on the medical instruments supplier’s stock. Lake Street Capital’s price objective suggests a potential upside of 54.56% from the stock’s current price.

Separately, Roth Mkm increased their price target on Lakeland Industries from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th.

Lakeland Industries Stock Down 3.9 %

Shares of NASDAQ LAKE opened at $19.41 on Tuesday. The company has a current ratio of 4.23, a quick ratio of 1.77 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $184.38 million, a PE ratio of -215.67 and a beta of 0.96. The firm’s 50-day moving average is $24.13 and its 200-day moving average is $22.33. Lakeland Industries has a 1 year low of $15.10 and a 1 year high of $27.28.

Insider Transactions at Lakeland Industries

In other Lakeland Industries news, insider Laurel A. Yartz bought 2,272 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was acquired at an average cost of $22.00 per share, with a total value of $49,984.00. Following the purchase, the insider now owns 9,772 shares in the company, valued at $214,984. This trade represents a 30.29 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nikki Hamblin bought 2,220 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were bought at an average price of $23.08 per share, for a total transaction of $51,237.60. Following the completion of the acquisition, the director now directly owns 15,862 shares in the company, valued at approximately $366,094.96. This trade represents a 16.27 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 11,208 shares of company stock valued at $253,520 over the last three months. 4.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc bought a new stake in Lakeland Industries in the 4th quarter valued at $36,000. Huntington National Bank acquired a new stake in shares of Lakeland Industries in the 3rd quarter valued at about $41,000. Russell Investments Group Ltd. bought a new stake in shares of Lakeland Industries in the fourth quarter valued at about $160,000. Bank of America Corp DE boosted its position in shares of Lakeland Industries by 114.1% during the fourth quarter. Bank of America Corp DE now owns 7,657 shares of the medical instruments supplier’s stock worth $196,000 after buying an additional 4,081 shares during the period. Finally, Metis Global Partners LLC acquired a new position in shares of Lakeland Industries during the fourth quarter worth about $207,000. Institutional investors and hedge funds own 71.69% of the company’s stock.

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.