StockNews.com Upgrades Lakeland Industries (NASDAQ:LAKE) to Sell

Lakeland Industries (NASDAQ:LAKE - Get Free Report) was upgraded by stock analysts at StockNews.com to a "sell" rating in a note issued to investors on Wednesday.

LAKE has been the topic of several other reports. Lake Street Capital began 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. DA Davidson lowered their target price on Lakeland Industries from $28.00 to $23.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $27.00.

Lakeland Industries Stock Performance

Shares of Lakeland Industries stock opened at $15.80 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.23 and a quick ratio of 1.77. The firm has a market cap of $150.08 million, a price-to-earnings ratio of -175.56 and a beta of 0.86. The stock's 50-day moving average is $19.92 and its 200-day moving average is $21.65. Lakeland Industries has a one year low of $14.58 and a one year high of $27.28.

Lakeland Industries (NASDAQ:LAKE - Get Free Report) last released its earnings results on Wednesday, April 9th. The medical instruments supplier reported ($0.54) EPS for the quarter, missing the consensus estimate of $0.43 by ($0.97). Lakeland Industries had a negative net margin of 0.42% and a positive return on equity of 1.66%. The firm had revenue of $46.60 million during the quarter, compared to the consensus estimate of $47.10 million. During the same quarter in the previous year, the firm posted $0.72 EPS. Equities analysts predict that Lakeland Industries will post 0.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lakeland Industries

A number of institutional investors and hedge funds have recently modified their holdings of the company. IFP Advisors Inc acquired a new position in Lakeland Industries during the fourth quarter worth approximately $36,000. Russell Investments Group Ltd. bought a new position in shares of Lakeland Industries during the 4th quarter worth approximately $160,000. Bank of America Corp DE increased its holdings in shares of 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 acquiring an additional 4,081 shares during the last quarter. Metis Global Partners LLC bought a new stake in Lakeland Industries in the 4th quarter valued at $207,000. Finally, American Century Companies Inc. lifted its holdings in Lakeland Industries by 16.3% during the 4th quarter. American Century Companies Inc. now owns 14,012 shares of the medical instruments supplier's stock valued at $358,000 after purchasing an additional 1,965 shares during the last quarter. 71.69% of the stock is owned by institutional investors.

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.

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