Lakeland Industries (NASDAQ:LAKE) Upgraded at StockNews.com

Lakeland Industries (NASDAQ:LAKE) was upgraded by StockNews.com to a “sell” rating in a research note issued on Wednesday.

LAKE has been the subject of a number of other research reports. DA Davidson reduced their target price on Lakeland Industries from $28.00 to $23.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Lake Street Capital initiated coverage on shares of Lakeland Industries in a report on Tuesday, March 11th. They set a “buy” rating and a $30.00 target price on the stock. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

Lakeland Industries Stock Performance

Shares of LAKE stock opened at $16.03 on Wednesday. The firm’s 50 day moving average is $18.43 and its 200 day moving average is $21.42. The stock has a market capitalization of $152.27 million, a P/E ratio of -178.11 and a beta of 1.10. Lakeland Industries has a 12 month low of $14.58 and a 12 month high of $27.28. The company has a current ratio of 4.23, a quick ratio of 1.77 and a debt-to-equity ratio of 0.25.

Lakeland Industries (NASDAQ:LAKE) last posted its earnings results on Wednesday, April 9th. The medical instruments supplier reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.97). The company had revenue of $46.60 million for the quarter, compared to analysts’ expectations of $47.10 million. Lakeland Industries had a positive return on equity of 1.66% and a negative net margin of 0.42%. During the same quarter in the prior year, the company earned $0.72 EPS. On average, sell-side analysts anticipate that Lakeland Industries will post 0.48 earnings per share for the current year.

Institutional Trading of Lakeland Industries

Several institutional investors and hedge funds have recently made changes to their positions in LAKE. IFP Advisors Inc bought a new position in Lakeland Industries in the fourth quarter valued at $36,000. Russell Investments Group Ltd. bought a new position in shares of Lakeland Industries during the 4th quarter valued at about $160,000. Bank of America Corp DE raised 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 valued at $196,000 after buying an additional 4,081 shares in the last quarter. Metis Global Partners LLC bought a new stake in Lakeland Industries in the 4th quarter worth approximately $207,000. Finally, Barclays PLC purchased a new stake in Lakeland Industries in the third quarter worth approximately $306,000. Hedge funds and other institutional investors own 71.69% of the company’s stock.

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.