Shares of Lakeland Industries, Inc. (NASDAQ:LAKE) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Brokers have set a twelve-month consensus price objective of $15.00 for the company and are anticipating that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Lakeland Industries an industry rank of 182 out of 256 based on the ratings given to related companies.
Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of GenMark Diagnostics from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd.
NASDAQ LAKE traded down $0.03 during trading hours on Friday, hitting $10.20. 3,558 shares of the stock were exchanged, compared to its average volume of 17,666. The company has a market cap of $87.67 million, a P/E ratio of 24.50 and a beta of 0.63. Lakeland Industries has a 12-month low of $9.90 and a 12-month high of $14.44. The stock has a 50-day moving average of $11.58. The company has a current ratio of 5.01, a quick ratio of 2.09 and a debt-to-equity ratio of 0.03.
Lakeland Industries (NASDAQ:LAKE) last posted its quarterly earnings results on Monday, June 10th. The medical instruments supplier reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.14). The firm had revenue of $24.68 million for the quarter, compared to analysts’ expectations of $25.32 million. Lakeland Industries had a positive return on equity of 1.22% and a negative net margin of 0.88%. On average, analysts expect that Lakeland Industries will post 0.15 earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the business. First Trust Advisors LP grew its position in Lakeland Industries by 18.7% during the fourth quarter. First Trust Advisors LP now owns 13,461 shares of the medical instruments supplier’s stock worth $141,000 after buying an additional 2,120 shares during the period. Teton Advisors Inc. grew its position in shares of Lakeland Industries by 10.1% in the first quarter. Teton Advisors Inc. now owns 16,510 shares of the medical instruments supplier’s stock valued at $194,000 after purchasing an additional 1,510 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Lakeland Industries in the fourth quarter valued at approximately $306,000. Granite Investment Partners LLC grew its position in shares of Lakeland Industries by 88.6% in the first quarter. Granite Investment Partners LLC now owns 50,854 shares of the medical instruments supplier’s stock valued at $597,000 after purchasing an additional 23,894 shares during the last quarter. Finally, Parthenon LLC grew its position in shares of Lakeland Industries by 103.9% in the first quarter. Parthenon LLC now owns 85,538 shares of the medical instruments supplier’s stock valued at $1,004,000 after purchasing an additional 43,596 shares during the last quarter. Institutional investors own 61.17% of the company’s stock.
Lakeland Industries Company Profile
Lakeland Industries, Inc manufactures and sells a range of safety garments and accessories for the industrial and public protective clothing market in the United States and internationally. It offers limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks; high-end chemical protective suits to provide protection from highly concentrated, and hazardous chemical and biological toxins; and firefighting and heat protective apparel to protect against fire, burns, and excessive heat.
Featured Article: Buy Rating
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Lakeland Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lakeland Industries and related companies with MarketBeat.com's FREE daily email newsletter.