Lakeland Industries, Inc. (NASDAQ:LAKE) Given Average Recommendation of “Hold” by Brokerages

Shares of Lakeland Industries, Inc. (NASDAQ:LAKE) have been assigned an average recommendation of “Hold” from the five brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $16.50.

A number of research firms have recently commented on LAKE. DA Davidson reiterated a “neutral” rating and set a $14.00 target price (down from $20.00) on shares of Lakeland Industries in a research report on Wednesday, December 10th. Roth Mkm decreased their target price on Lakeland Industries from $27.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday, December 10th. Wall Street Zen downgraded Lakeland Industries from a “hold” rating to a “strong sell” rating in a research note on Saturday, December 13th. Zacks Research raised Lakeland Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Lakeland Industries in a research note on Thursday, January 22nd.

Hedge Funds Weigh In On Lakeland Industries

A number of institutional investors have recently modified their holdings of LAKE. Invesco Ltd. raised its position in Lakeland Industries by 30.8% in the 4th quarter. Invesco Ltd. now owns 20,114 shares of the medical instruments supplier’s stock valued at $178,000 after purchasing an additional 4,733 shares during the last quarter. XTX Topco Ltd purchased a new position in Lakeland Industries during the 4th quarter worth $130,000. Private Capital Management LLC increased its stake in Lakeland Industries by 2.8% in the fourth quarter. Private Capital Management LLC now owns 1,202,433 shares of the medical instruments supplier’s stock valued at $10,630,000 after purchasing an additional 32,945 shares during the period. Expect Equity LLC increased its stake in Lakeland Industries by 6.9% in the fourth quarter. Expect Equity LLC now owns 166,061 shares of the medical instruments supplier’s stock valued at $1,468,000 after purchasing an additional 10,705 shares during the period. Finally, Jain Global LLC purchased a new stake in shares of Lakeland Industries in the fourth quarter valued at about $202,000. 71.69% of the stock is owned by institutional investors and hedge funds.

Lakeland Industries Price Performance

Shares of LAKE opened at $7.80 on Friday. Lakeland Industries has a 1-year low of $7.15 and a 1-year high of $20.83. The stock has a market cap of $76.52 million, a PE ratio of -1.78 and a beta of 1.29. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.83 and a quick ratio of 1.48. The firm has a fifty day moving average price of $9.09 and a 200 day moving average price of $11.99.

Lakeland Industries Company Profile

Lakeland Industries, Inc (NASDAQ:LAKE) is a global provider of high-performance protective apparel and accessories designed to safeguard workers in industrial, healthcare, laboratory, and emergency response environments. The company’s expertise lies in producing garments that shield against chemical, biological, radiological, and thermal risks, supporting safety protocols in sectors such as oil and gas, petrochemicals, pharmaceuticals, and first responders.

The product portfolio encompasses both single-use and reusable solutions, including chemical protective coveralls, flame-resistant garments, arc flash clothing, medical isolation gowns, and cleanroom suits.