Lakeland Industries (NASDAQ:LAKE - Get Free Report) had its price objective reduced by DA Davidson from $28.00 to $23.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the medical instruments supplier's stock. DA Davidson's target price indicates a potential upside of 47.63% from the company's previous close.
LAKE has been the topic of several other reports. Lake Street Capital started coverage on shares of Lakeland Industries in a research note on Tuesday, March 11th. They issued a "buy" rating and a $30.00 price target on the stock. Roth Mkm increased their target price on shares of Lakeland Industries from $27.00 to $29.00 and gave the company a "buy" rating in a research report on Tuesday, December 17th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat, Lakeland Industries has an average rating of "Moderate Buy" and an average price target of $27.00.
View Our Latest Analysis on LAKE
Lakeland Industries Stock Down 1.8 %
NASDAQ:LAKE traded down $0.28 during mid-day trading on Tuesday, hitting $15.58. The stock had a trading volume of 92,438 shares, compared to its average volume of 61,275. The company has a current ratio of 4.23, a quick ratio of 1.77 and a debt-to-equity ratio of 0.25. Lakeland Industries has a twelve month low of $15.25 and a twelve month high of $27.28. The company has a market capitalization of $147.99 million, a PE ratio of -173.11 and a beta of 0.86. The stock has a 50-day simple moving average of $20.28 and a two-hundred day simple moving average of $21.70.
Lakeland Industries (NASDAQ:LAKE - Get Free Report) last released its quarterly earnings data on Wednesday, April 9th. The medical instruments supplier reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.97). The firm had revenue of $46.60 million for the quarter, compared to analysts' expectations of $47.10 million. Lakeland Industries had a positive return on equity of 1.66% and a negative net margin of 0.42%. During the same period last year, the firm posted $0.72 earnings per share. On average, equities research analysts anticipate that Lakeland Industries will post 0.48 EPS for the current year.
Insider Buying and Selling
In related news, Director Nikki Hamblin acquired 1,590 shares of the firm's stock in a transaction that occurred on Wednesday, January 22nd. The shares were purchased at an average price of $22.00 per share, with a total value of $34,980.00. Following the completion of the acquisition, the director now owns 17,452 shares in the company, valued at approximately $383,944. This represents a 10.02 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Laurel A. Yartz bought 2,272 shares of the company's stock in a transaction on Wednesday, January 22nd. The stock was bought at an average cost of $22.00 per share, with a total value of $49,984.00. Following the completion of the acquisition, the insider now owns 9,772 shares of the company's stock, valued at $214,984. This represents a 30.29 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 7,998 shares of company stock valued at $177,186 over the last quarter. 4.20% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Lakeland Industries
A number of institutional investors and hedge funds have recently modified their holdings of LAKE. IFP Advisors Inc purchased a new stake in Lakeland Industries during the fourth quarter worth $36,000. Russell Investments Group Ltd. acquired a new stake in Lakeland Industries during the 4th quarter valued at $160,000. Bank of America Corp DE increased its position 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 purchasing an additional 4,081 shares in the last quarter. Metis Global Partners LLC acquired a new position in shares of Lakeland Industries in the fourth quarter valued at approximately $207,000. Finally, Barclays PLC acquired a new position in Lakeland Industries in the 3rd quarter valued at $306,000. Institutional investors and hedge funds own 71.69% of the company's stock.
About Lakeland Industries
(
Get Free Report)
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.
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