Lakeland Industries (LAKE) to Release Earnings on Monday

Lakeland Industries (NASDAQ:LAKEGet Rating) is scheduled to be posting its 1/31/2022 quarterly earnings results after the market closes on Monday, April 18th. Analysts expect Lakeland Industries to post earnings of $0.37 per share for the quarter.

NASDAQ LAKE opened at $18.53 on Friday. The company’s fifty day simple moving average is $19.24 and its 200-day simple moving average is $20.15. Lakeland Industries has a 52 week low of $18.04 and a 52 week high of $29.64. The stock has a market cap of $144.16 million, a P/E ratio of 8.50 and a beta of 0.12.

A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of Lakeland Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, February 16th. StockNews.com assumed coverage on shares of Lakeland Industries in a research report on Thursday, March 31st. They set a “buy” rating on the stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Morgan Stanley raised its holdings in Lakeland Industries by 58.5% in the third quarter. Morgan Stanley now owns 142,213 shares of the medical instruments supplier’s stock valued at $2,987,000 after acquiring an additional 52,482 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Lakeland Industries by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 112,861 shares of the medical instruments supplier’s stock worth $2,449,000 after purchasing an additional 1,046 shares during the period. Bank of America Corp DE raised its holdings in shares of Lakeland Industries by 26.4% during the second quarter. Bank of America Corp DE now owns 17,838 shares of the medical instruments supplier’s stock worth $398,000 after purchasing an additional 3,722 shares during the period. Finally, Norges Bank acquired a new stake in shares of Lakeland Industries during the fourth quarter worth $310,000. 73.20% of the stock is currently owned by hedge funds and other institutional investors.

Lakeland Industries Company Profile (Get Rating)

Lakeland Industries, Inc manufactures and sells industrial protective clothing and accessories for the industrial and public protective clothing market worldwide. It offers limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks; high-end chemical protective suits to provide protection from highly concentrated, toxic and/or lethal chemicals, and biological toxins; and firefighting and heat protective apparel to protect against fire.

Further Reading

Earnings History for Lakeland Industries (NASDAQ:LAKE)

Receive News & Ratings for Lakeland Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lakeland Industries and related companies with MarketBeat.com's FREE daily email newsletter.