Lakeland Industries Inc. (NASDAQ:LAKE) has earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus target price of $15.00 for the company and are expecting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also given Lakeland Industries an industry rank of 55 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded shares of Lakeland Industries from a “sell” rating to a “hold” rating in a report on Wednesday, June 22nd.
A number of institutional investors have recently made changes to their positions in LAKE. Wellington Management Group LLP increased its position in shares of Lakeland Industries by 8.6% in the first quarter. Wellington Management Group LLP now owns 650,376 shares of the company’s stock worth $7,980,000 after buying an additional 51,700 shares in the last quarter. Ancora Advisors LLC increased its position in shares of Lakeland Industries by 14.2% in the second quarter. Ancora Advisors LLC now owns 289,619 shares of the company’s stock worth $2,511,000 after buying an additional 36,000 shares in the last quarter. HighTower Advisors LLC purchased a new position in shares of Lakeland Industries during the second quarter worth $164,000. Vanguard Group Inc. increased its position in shares of Lakeland Industries by 1.8% in the second quarter. Vanguard Group Inc. now owns 232,002 shares of the company’s stock worth $2,012,000 after buying an additional 4,076 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Lakeland Industries by 13.7% in the first quarter. Geode Capital Management LLC now owns 33,605 shares of the company’s stock worth $412,000 after buying an additional 4,042 shares in the last quarter. 39.09% of the stock is owned by institutional investors and hedge funds.
Lakeland Industries (NASDAQ:LAKE) opened at 10.35 on Thursday. The firm has a market capitalization of $75.10 million, a P/E ratio of 37.50 and a beta of 0.09. Lakeland Industries has a 1-year low of $8.00 and a 1-year high of $15.40. The stock’s 50 day moving average is $10.00 and its 200-day moving average is $9.68.
Lakeland Industries (NASDAQ:LAKE) last issued its quarterly earnings results on Wednesday, September 14th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.10. The company had revenue of $22.30 million for the quarter, compared to analyst estimates of $22.01 million. Lakeland Industries had a net margin of 2.30% and a return on equity of 5.07%. Lakeland Industries’s revenue was down 24.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.50 earnings per share. Analysts forecast that Lakeland Industries will post $0.60 EPS for the current year.
About Lakeland Industries
Lakeland Industries, Inc (Lakeland) manufactures and sells a line of safety garments and accessories for the industrial and public protective clothing market. The Company’s product categories include limited use/disposable protective clothing; high-end chemical protective suits; firefighting, flame resistant personal protective equipment (FR PPE) and heat protective apparel; reusable woven garments; high visibility clothing, and glove and sleeves.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Lakeland Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lakeland Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.