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Lakeland Industries (NASDAQ:LAKE - Get Rating) was upgraded by stock analysts at TheStreet from a "c" rating to a "b-" rating in a research note issued to investors on Friday, TheStreetRatingsTable reports.
Several other analysts have also recently weighed in on LAKE. Roth Capital reissued a "buy" rating on shares of Lakeland Industries in a research note on Wednesday, April 20th. StockNews.com cut shares of Lakeland Industries from a "buy" rating to a "hold" rating in a research report on Monday, April 18th. Finally, Craig Hallum lowered their price objective on shares of Lakeland Industries from $45.00 to $30.00 in a research report on Tuesday, April 19th.
LAKE stock opened at $15.94 on Friday. The firm has a 50-day moving average of $16.63 and a two-hundred day moving average of $18.81. Lakeland Industries has a 12 month low of $15.37 and a 12 month high of $27.24. The company has a market cap of $122.26 million, a price-to-earnings ratio of 16.27 and a beta of 0.24.
Lakeland Industries (NASDAQ:LAKE - Get Rating) last posted its quarterly earnings results on Monday, April 18th. The medical instruments supplier reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.19). Lakeland Industries had a net margin of 7.04% and a return on equity of 6.26%. The firm had revenue of $26.80 million during the quarter, compared to analysts' expectations of $29.60 million. As a group, analysts anticipate that Lakeland Industries will post 1.39 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of the business. Private Capital Management LLC boosted its position in Lakeland Industries by 22.6% in the 1st quarter. Private Capital Management LLC now owns 794,755 shares of the medical instruments supplier's stock valued at $15,251,000 after buying an additional 146,497 shares during the period. Royal Bank of Canada boosted its position in Lakeland Industries by 1.2% in the 1st quarter. Royal Bank of Canada now owns 68,473 shares of the medical instruments supplier's stock valued at $1,314,000 after buying an additional 799 shares during the period. Captrust Financial Advisors boosted its position in Lakeland Industries by 11.5% in the 1st quarter. Captrust Financial Advisors now owns 40,275 shares of the medical instruments supplier's stock valued at $773,000 after buying an additional 4,150 shares during the period. Wellington Management Group LLP boosted its position in Lakeland Industries by 1.7% in the 1st quarter. Wellington Management Group LLP now owns 710,842 shares of the medical instruments supplier's stock valued at $13,641,000 after buying an additional 12,219 shares during the period. Finally, State Street Corp boosted its position in Lakeland Industries by 4.4% in the 1st quarter. State Street Corp now owns 29,161 shares of the medical instruments supplier's stock valued at $560,000 after buying an additional 1,220 shares during the period. 89.28% of the stock is owned by institutional investors.
Lakeland Industries Company Profile (Get Rating)
Lakeland Industries, Inc engages in the manufacture and sale of safety garments and accessories for the industrial and public protective clothing market. It operates through the Domestic and International geographical segments. The firm's products include disposable protective clothing, chemical protective clothing, woven protective clothing, fire protective gear, heat protective clothing, reflective protective clothing, hand and arm protection, arc or fire-retardant rated rainwear, and fire-retardant protective clothing.
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