StockNews.com Upgrades Lakeland Industries (NASDAQ:LAKE) to Hold

Lakeland Industries (NASDAQ:LAKE) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

Separately, Roth Mkm lifted their target price on shares of Lakeland Industries from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd.

Lakeland Industries Trading Up 1.1 %

Shares of LAKE opened at $19.65 on Thursday. Lakeland Industries has a 1-year low of $13.86 and a 1-year high of $26.10. The company has a 50-day moving average of $21.65 and a 200 day moving average of $20.50. The firm has a market capitalization of $144.98 million, a price-to-earnings ratio of 26.20 and a beta of 0.55. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.24 and a quick ratio of 2.00.

Lakeland Industries (NASDAQ:LAKE) last posted 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 net margin of 1.38% and a return on equity of 3.70%. The business had revenue of $38.51 million for the quarter, compared to analysts’ expectations of $41.10 million. During the same period last year, the business posted $0.32 EPS. On average, research analysts expect that Lakeland Industries will post 0.96 EPS for the current year.

Institutional Trading of Lakeland Industries

Several large investors have recently made changes to their positions in the business. Total Clarity Wealth Management Inc. purchased a new stake in Lakeland Industries during the second quarter worth $597,000. Renaissance Technologies LLC boosted its holdings 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 worth $11,452,000 after buying an additional 13,200 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in Lakeland Industries during the fourth quarter worth $236,000. Inspire Advisors LLC purchased a new stake in Lakeland Industries during the second quarter worth $222,000. Finally, High Falls Advisors Inc boosted its holdings in Lakeland Industries by 35.8% during the second quarter. High Falls Advisors Inc now owns 19,472 shares of the medical instruments supplier’s stock worth $447,000 after buying an additional 5,137 shares in the last quarter. 71.69% of the stock is owned by hedge funds and other institutional investors.

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.