Lakeland Industries (NASDAQ:LAKE) Now Covered by Analysts at DA Davidson

Equities researchers at DA Davidson assumed coverage on shares of Lakeland Industries (NASDAQ:LAKE - Get Free Report) in a research report issued on Wednesday, MarketBeat.com reports. The firm set a "buy" rating and a $28.00 price target on the medical instruments supplier's stock. DA Davidson's price objective would suggest a potential upside of 38.20% from the company's current price.

Several other equities research analysts have also issued reports on LAKE. Roth Mkm boosted their price target on shares of Lakeland Industries from $27.00 to $29.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. Lake Street Capital began coverage on shares of Lakeland Industries in a research report on Tuesday, March 11th. They set a "buy" rating and a $30.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Lakeland Industries has a consensus rating of "Moderate Buy" and an average target price of $28.25.

Lakeland Industries Stock Performance

Shares of LAKE stock traded down $0.20 during mid-day trading on Wednesday, reaching $20.26. The stock had a trading volume of 66,690 shares, compared to its average volume of 57,337. Lakeland Industries has a one year low of $15.10 and a one year high of $27.28. The firm has a market cap of $192.45 million, a PE ratio of -225.11 and a beta of 0.96. The firm's 50 day simple moving average is $22.52 and its 200 day simple moving average is $22.05. The company has a quick ratio of 1.77, a current ratio of 4.23 and a debt-to-equity ratio of 0.25.

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Insider Buying and Selling

In other Lakeland Industries news, CEO James M. Jenkins purchased 990 shares of the company's stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average cost of $25.35 per share, with a total value of $25,096.50. Following the acquisition, the chief executive officer now directly owns 990 shares of the company's stock, valued at approximately $25,096.50. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Nikki Hamblin acquired 1,590 shares of the business's stock in a transaction on Wednesday, January 22nd. The stock was acquired at an average price of $22.00 per share, with a total value of $34,980.00. Following the transaction, the director now owns 17,452 shares in the company, valued at approximately $383,944. The trade was a 10.02 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 8,988 shares of company stock worth $202,283 in the last quarter. 4.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lakeland Industries

A number of hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc acquired a new position in shares of Lakeland Industries during the fourth quarter worth approximately $36,000. Russell Investments Group Ltd. acquired a new position in Lakeland Industries during the 4th quarter worth $160,000. Bank of America Corp DE lifted its holdings in Lakeland Industries by 114.1% during the 4th 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 in the last quarter. Metis Global Partners LLC bought a new position in Lakeland Industries in the 4th quarter valued at $207,000. Finally, Empowered Funds LLC increased its stake in shares of Lakeland Industries by 4.6% in the 3rd quarter. Empowered Funds LLC now owns 12,129 shares of the medical instruments supplier's stock valued at $244,000 after buying an additional 536 shares during the period. Institutional investors 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.