DA Davidson Begins Coverage on Lakeland Industries (NASDAQ:LAKE)

Stock analysts at DA Davidson assumed coverage on shares of Lakeland Industries (NASDAQ:LAKE) in a note issued to investors on Wednesday, MarketBeat.com reports. The firm set a “buy” rating and a $28.00 price target on the medical instruments supplier’s stock. DA Davidson’s price objective suggests a potential upside of 36.85% from the stock’s current price.

A number of other analysts have also weighed in on LAKE. Roth Mkm upped their price objective on shares of Lakeland Industries from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Lake Street Capital began coverage on shares of Lakeland Industries in a research report on Tuesday, March 11th. They issued a “buy” rating and a $30.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Lakeland Industries currently has a consensus rating of “Moderate Buy” and an average price target of $28.25.

Lakeland Industries Trading Up 0.8 %

Shares of NASDAQ LAKE opened at $20.46 on Wednesday. Lakeland Industries has a twelve month low of $15.10 and a twelve month high of $27.28. The company has a quick ratio of 1.77, a current ratio of 4.23 and a debt-to-equity ratio of 0.25. The business has a fifty day simple moving average of $22.64 and a two-hundred day simple moving average of $22.03. The firm has a market cap of $194.35 million, a PE ratio of -227.33 and a beta of 0.96.

Insider Activity

In other Lakeland Industries news, Director Nikki Hamblin acquired 1,590 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was purchased at an average price of $22.00 per share, for a total transaction of $34,980.00. Following the acquisition, the director now owns 17,452 shares in the company, valued at approximately $383,944. This trade represents a 10.02 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Laurel A. Yartz bought 2,272 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were acquired at an average price of $22.00 per share, for a total transaction of $49,984.00. Following the completion of the purchase, the insider now owns 9,772 shares in the company, valued at $214,984. The trade was a 30.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 8,988 shares of company stock worth $202,283. Corporate insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On Lakeland Industries

Large investors have recently modified their holdings of the business. Private Capital Management LLC boosted its stake in Lakeland Industries by 0.4% in the 4th quarter. Private Capital Management LLC now owns 1,007,391 shares of the medical instruments supplier’s stock worth $25,739,000 after purchasing an additional 4,092 shares in the last quarter. Royce & Associates LP lifted its stake in shares of Lakeland Industries by 16.7% during the fourth quarter. Royce & Associates LP now owns 851,980 shares of the medical instruments supplier’s stock worth $21,768,000 after buying an additional 121,760 shares during the period. Ancora Advisors LLC grew its holdings in shares of Lakeland Industries by 112.5% during the fourth quarter. Ancora Advisors LLC now owns 149,493 shares of the medical instruments supplier’s stock valued at $3,820,000 after buying an additional 79,148 shares during the last quarter. Susquehanna International Group LLP increased its position in shares of Lakeland Industries by 261.9% in the 4th quarter. Susquehanna International Group LLP now owns 98,419 shares of the medical instruments supplier’s stock valued at $2,515,000 after acquiring an additional 71,224 shares during the period. Finally, Peapod Lane Capital LLC purchased a new position in Lakeland Industries in the 4th quarter worth $2,018,000. 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.