Brokerages Set $15.00 Target Price for Lakeland Industries, Inc. (LAKE)

Lakeland Industries, Inc. (NASDAQ:LAKE) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokerages have set a twelve-month consensus price target of $15.00 for the company and are predicting that the company will post $0.14 EPS for the current quarter, according to Zacks. Zacks has also given Lakeland Industries an industry rank of 96 out of 255 based on the ratings given to related companies.

A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Lakeland Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 19th. ValuEngine lowered Lakeland Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd.

Shares of NASDAQ LAKE traded down $0.04 during trading hours on Wednesday, reaching $12.11. 7,000 shares of the stock traded hands, compared to its average volume of 19,985. The stock has a market cap of $94.59 million, a price-to-earnings ratio of 16.82 and a beta of 0.73. The company has a current ratio of 6.99, a quick ratio of 2.88 and a debt-to-equity ratio of 0.01. Lakeland Industries has a 52-week low of $9.90 and a 52-week high of $16.85.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Private Capital Management LLC bought a new stake in Lakeland Industries during the third quarter valued at about $3,587,000. Teton Advisors Inc. grew its stake in shares of Lakeland Industries by 22.8% in the fourth quarter. Teton Advisors Inc. now owns 15,000 shares of the medical instruments supplier’s stock worth $157,000 after acquiring an additional 2,789 shares in the last quarter. Parthenon LLC acquired a new position in shares of Lakeland Industries in the fourth quarter worth $438,000. Equitable Trust Co. acquired a new position in shares of Lakeland Industries in the third quarter worth $304,000. Finally, Prudential Financial Inc. grew its stake in shares of Lakeland Industries by 34.0% in the third quarter. Prudential Financial Inc. now owns 19,300 shares of the medical instruments supplier’s stock worth $257,000 after acquiring an additional 4,900 shares in the last quarter. 58.93% of the stock is owned by institutional investors.

Lakeland Industries Company Profile

Lakeland Industries, Inc manufactures and sells a range of safety garments and accessories for the industrial and public protective clothing market in the United States and internationally. It offers limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks; high-end chemical protective suits to provide protection from highly concentrated, and hazardous chemical and biological toxins; and firefighting and heat protective apparel to protect against fire, burns, and excessive heat.

Featured Article: What is diluted earnings per share (Diluted EPS)?

Get a free copy of the Zacks research report on Lakeland Industries (LAKE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Lakeland Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lakeland Industries and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit