Lakeland Industries (NASDAQ:LAKE) Coverage Initiated by Analysts at Maxim Group

Maxim Group initiated coverage on shares of Lakeland Industries (NASDAQ:LAKE) in a research report released on Wednesday morning, MarketBeat reports. The firm issued a buy rating and a $22.00 target price on the medical instruments supplier’s stock.

A number of other research firms have also issued reports on LAKE. StockNews.com lowered shares of Lakeland Industries from a buy rating to a hold rating in a report on Wednesday, April 3rd. TheStreet raised shares of Lakeland Industries from a c+ rating to a b- rating in a research report on Thursday, February 1st.

Lakeland Industries Stock Performance

Shares of LAKE stock opened at $16.89 on Wednesday. The firm’s 50 day moving average price is $16.84 and its 200-day moving average price is $16.46. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.74 and a current ratio of 5.53. Lakeland Industries has a one year low of $10.60 and a one year high of $19.66. The firm has a market cap of $124.48 million, a P/E ratio of 23.79 and a beta of 0.47.

Lakeland Industries (NASDAQ:LAKE) last released its earnings results on Wednesday, April 10th. The medical instruments supplier reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.08). The business had revenue of $31.20 million for the quarter, compared to analyst estimates of $32.50 million. Lakeland Industries had a return on equity of 6.63% and a net margin of 4.33%. As a group, equities research analysts predict that Lakeland Industries will post 1.75 EPS for the current year.

Lakeland Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 15th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Wednesday, February 14th. Lakeland Industries’s dividend payout ratio (DPR) is 16.90%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LAKE. Barclays PLC purchased a new position in shares of Lakeland Industries in the 3rd quarter valued at $53,000. Bailard Inc. purchased a new position in Lakeland Industries during the 3rd quarter worth $225,000. Quadrature Capital Ltd purchased a new position in Lakeland Industries during the 4th quarter worth $236,000. Finally, Equitable Trust Co. grew its position in Lakeland Industries by 10.7% during the 4th quarter. Equitable Trust Co. now owns 27,665 shares of the medical instruments supplier’s stock worth $513,000 after purchasing an additional 2,680 shares during the last quarter. 71.69% of the stock is owned by hedge funds and other institutional investors.

Lakeland Industries Company Profile

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.