Brokerages Set Lakeland Industries, Inc. (NASDAQ:LAKE) PT at $15.20

Shares of Lakeland Industries, Inc. (NASDAQ:LAKE) have been given an average rating of “Hold” by the five analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $15.20.

Several equities research analysts have commented on the company. DA Davidson upgraded Lakeland Industries from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $10.00 to $14.00 in a research report on Monday, April 20th. Zacks Research upgraded Lakeland Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Maxim Group set a $16.00 price objective on Lakeland Industries in a research report on Monday, April 20th. Weiss Ratings restated a “sell (d)” rating on shares of Lakeland Industries in a research report on Thursday, January 22nd. Finally, Lake Street Capital lowered their price objective on Lakeland Industries from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, April 17th.

Lakeland Industries Trading Down 4.6%

Lakeland Industries stock opened at $10.18 on Friday. The company has a current ratio of 3.53, a quick ratio of 1.36 and a debt-to-equity ratio of 0.24. Lakeland Industries has a 12 month low of $7.15 and a 12 month high of $20.14. The stock’s 50 day simple moving average is $9.32 and its two-hundred day simple moving average is $10.42. The firm has a market cap of $100.37 million, a PE ratio of -3.95 and a beta of 1.45.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in LAKE. Cubist Systematic Strategies LLC acquired a new position in shares of Lakeland Industries during the 1st quarter worth approximately $164,000. Goldman Sachs Group Inc. raised its stake in shares of Lakeland Industries by 42.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 44,435 shares of the medical instruments supplier’s stock worth $902,000 after buying an additional 13,219 shares during the period. Jane Street Group LLC raised its stake in shares of Lakeland Industries by 107.7% during the 1st quarter. Jane Street Group LLC now owns 40,180 shares of the medical instruments supplier’s stock worth $816,000 after buying an additional 20,832 shares during the period. Geode Capital Management LLC raised its stake in shares of Lakeland Industries by 115.9% during the 2nd quarter. Geode Capital Management LLC now owns 217,786 shares of the medical instruments supplier’s stock worth $2,964,000 after buying an additional 116,901 shares during the period. Finally, JPMorgan Chase & Co. acquired a new position in shares of Lakeland Industries during the 2nd quarter worth approximately $59,000. 71.69% of the stock is owned by institutional investors and hedge funds.

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.