Lakeland Industries (NASDAQ:LAKE) Stock Rating Upgraded by StockNews.com

Lakeland Industries (NASDAQ:LAKE) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other analysts have also commented on the company. Roth Mkm increased their price objective on Lakeland Industries from $25.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Maxim Group boosted their target price on shares of Lakeland Industries from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th.

Lakeland Industries Stock Down 0.5 %

Shares of LAKE traded down $0.11 during trading hours on Friday, hitting $20.18. The company had a trading volume of 27,231 shares, compared to its average volume of 37,549. The company has a current ratio of 4.24, a quick ratio of 2.00 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $148.89 million, a PE ratio of 26.91 and a beta of 0.57. Lakeland Industries has a one year low of $13.86 and a one year high of $26.10. The company’s fifty day moving average price is $22.48 and its two-hundred day moving average price is $20.23.

Lakeland Industries (NASDAQ:LAKE) last announced its earnings results on Wednesday, September 4th. The medical instruments supplier reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.61). Lakeland Industries had a return on equity of 3.70% and a net margin of 1.38%. The firm had revenue of $38.51 million during the quarter, compared to the consensus estimate of $41.10 million. During the same quarter in the prior year, the firm posted $0.32 earnings per share. As a group, equities analysts forecast that Lakeland Industries will post 0.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lakeland Industries

Institutional investors and hedge funds have recently modified their holdings of the company. Total Clarity Wealth Management Inc. purchased a new position in shares of Lakeland Industries during the 2nd quarter valued at approximately $597,000. Renaissance Technologies LLC grew its position in Lakeland Industries by 2.7% during the second quarter. Renaissance Technologies LLC now owns 499,202 shares of the medical instruments supplier’s stock valued at $11,452,000 after buying an additional 13,200 shares during the period. Quadrature Capital Ltd purchased a new position in Lakeland Industries in the fourth quarter valued at $236,000. Inspire Advisors LLC acquired a new position in shares of Lakeland Industries in the second quarter worth about $222,000. Finally, High Falls Advisors Inc boosted its stake in shares of Lakeland Industries by 35.8% during the 2nd quarter. High Falls Advisors Inc now owns 19,472 shares of the medical instruments supplier’s stock worth $447,000 after acquiring an additional 5,137 shares in the last quarter. Institutional investors and hedge funds own 71.69% of the company’s stock.

About Lakeland Industries

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.