Wall Street Zen Upgrades Lakeland Industries (NASDAQ:LAKE) to Hold

Lakeland Industries (NASDAQ:LAKE) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other research firms have also recently weighed in on LAKE. Zacks Research raised Lakeland Industries from a “strong sell” rating to a “hold” rating in a report on Thursday, August 14th. DA Davidson decreased their price objective on shares of Lakeland Industries from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Lake Street Capital set a $26.00 target price on shares of Lakeland Industries and gave the company a “buy” rating in a research report on Tuesday, June 10th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.00.

Lakeland Industries Stock Up 2.7%

Shares of NASDAQ:LAKE opened at $14.63 on Friday. The firm has a fifty day moving average price of $14.56 and a two-hundred day moving average price of $16.55. The company has a market cap of $140.01 million, a price-to-earnings ratio of -5.34 and a beta of 1.11. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.66 and a quick ratio of 1.51. Lakeland Industries has a one year low of $12.76 and a one year high of $27.28.

Lakeland Industries (NASDAQ:LAKE) last released its quarterly earnings results on Tuesday, September 9th. The medical instruments supplier reported $0.36 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.40. The firm had revenue of $52.50 million for the quarter, compared to analysts’ expectations of $54.59 million. Lakeland Industries had a negative net margin of 11.22% and a negative return on equity of 3.07%. Lakeland Industries has set its FY 2026 guidance at EPS. Analysts anticipate that Lakeland Industries will post 0.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Lakeland Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC bought a new position in Lakeland Industries during the 4th quarter worth approximately $494,000. OMERS ADMINISTRATION Corp bought a new position in shares of Lakeland Industries in the first quarter worth approximately $400,000. Evernest Financial Advisors LLC purchased a new position in shares of Lakeland Industries in the first quarter worth $1,348,000. Ancora Advisors LLC raised its holdings in Lakeland Industries by 85.1% during the 1st quarter. Ancora Advisors LLC now owns 276,688 shares of the medical instruments supplier’s stock valued at $5,620,000 after buying an additional 127,195 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in Lakeland Industries by 166.1% during the 4th quarter. Millennium Management LLC now owns 27,783 shares of the medical instruments supplier’s stock valued at $710,000 after buying an additional 17,344 shares during the last quarter. Institutional investors 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.