According to Zacks, “LAKELAND INDUSTRIES, INC. has five divisions and three wholly-owned subsidiaries: One large division manufactures disposable/limited use garments and the four smaller divisions, Chemland, manufactures suits for use by toxic waste clean up teams; Fireland Fyrepel Products, manufactures fire and heat protective apparel and protective systems for personnel; Highland, manufactures specialty safety and industrial work gloves and Uniland, manufactures industrial and medical woven cloth garments. “
Separately, ValuEngine raised shares of Lakeland Industries from a buy rating to a strong-buy rating in a report on Thursday, August 1st.
Lakeland Industries (NASDAQ:LAKE) last released its quarterly earnings data on Monday, June 10th. The medical instruments supplier reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.14). Lakeland Industries had a positive return on equity of 1.22% and a negative net margin of 0.88%. The company had revenue of $24.68 million for the quarter, compared to analyst estimates of $25.32 million. On average, equities research analysts predict that Lakeland Industries will post 0.15 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the company. Teton Advisors Inc. increased its holdings in shares of Lakeland Industries by 10.1% in the 1st quarter. Teton Advisors Inc. now owns 16,510 shares of the medical instruments supplier’s stock valued at $194,000 after acquiring an additional 1,510 shares during the period. BlackRock Inc. grew its position in Lakeland Industries by 6.4% in the 2nd quarter. BlackRock Inc. now owns 48,078 shares of the medical instruments supplier’s stock valued at $539,000 after buying an additional 2,890 shares during the last quarter. Granite Investment Partners LLC grew its position in Lakeland Industries by 88.6% in the 1st quarter. Granite Investment Partners LLC now owns 50,854 shares of the medical instruments supplier’s stock valued at $597,000 after buying an additional 23,894 shares during the last quarter. Equitable Trust Co. grew its position in Lakeland Industries by 6.2% in the 2nd quarter. Equitable Trust Co. now owns 56,449 shares of the medical instruments supplier’s stock valued at $632,000 after buying an additional 3,300 shares during the last quarter. Finally, Parthenon LLC grew its position in Lakeland Industries by 103.9% in the 1st quarter. Parthenon LLC now owns 85,538 shares of the medical instruments supplier’s stock valued at $1,004,000 after buying an additional 43,596 shares during the last quarter. 60.56% of the stock is currently owned by institutional investors and hedge funds.
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.
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