Analysts Set Lakeland Industries, Inc. (NASDAQ:LAKE) Price Target at $16.50

Lakeland Industries, Inc. (NASDAQ:LAKE) has received an average rating of “Hold” from the five analysts that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $16.50.

A number of equities analysts have weighed in on LAKE shares. Roth Capital decreased their target price on Lakeland Industries from $27.00 to $19.00 and set a “buy” rating on the stock in a research note on Wednesday, December 10th. UBS Group set a $14.00 price objective on shares of Lakeland Industries in a research report on Wednesday, December 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of Lakeland Industries in a research report on Wednesday, October 8th. DA Davidson reissued a “neutral” rating and issued a $14.00 price target (down previously from $20.00) on shares of Lakeland Industries in a report on Wednesday, December 10th. Finally, Zacks Research cut shares of Lakeland Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 16th.

Insider Transactions at Lakeland Industries

In other news, CFO Roger D. Shannon sold 8,869 shares of the company’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $8.06, for a total value of $71,484.14. Following the completion of the transaction, the chief financial officer directly owned 36,026 shares in the company, valued at approximately $290,369.56. This represents a 19.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders bought a total of 6,727 shares of company stock worth $58,548 over the last three months. Insiders own 1.91% of the company’s stock.

Institutional Trading of Lakeland Industries

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its position in Lakeland Industries by 87.8% during the third quarter. BNP Paribas Financial Markets now owns 1,795 shares of the medical instruments supplier’s stock valued at $27,000 after acquiring an additional 839 shares during the last quarter. Salem Investment Counselors Inc. bought a new stake in shares of Lakeland Industries in the 2nd quarter worth approximately $28,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Lakeland Industries in the 2nd quarter valued at $31,000. Tripletail Wealth Management LLC bought a new position in shares of Lakeland Industries during the 3rd quarter valued at $49,000. Finally, Bank of America Corp DE raised its position in Lakeland Industries by 189.9% in the 2nd quarter. Bank of America Corp DE now owns 4,177 shares of the medical instruments supplier’s stock worth $57,000 after purchasing an additional 2,736 shares during the period. Institutional investors own 71.69% of the company’s stock.

Lakeland Industries Trading Down 2.4%

Lakeland Industries stock opened at $9.07 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.48 and a current ratio of 3.83. Lakeland Industries has a fifty-two week low of $7.77 and a fifty-two week high of $27.28. The stock has a market cap of $88.94 million, a P/E ratio of -2.07 and a beta of 1.29. The firm’s fifty day moving average price is $11.99 and its 200-day moving average price is $13.92.

Lakeland Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 17th were given a dividend of $0.03 per share. The ex-dividend date was Monday, November 17th. This represents a $0.12 dividend on an annualized basis and a yield of 1.3%. Lakeland Industries’s dividend payout ratio (DPR) is presently -2.73%.

Lakeland Industries Company Profile

Lakeland Industries, Inc (NASDAQ:LAKE) is a global provider of high-performance protective apparel and accessories designed to safeguard workers in industrial, healthcare, laboratory, and emergency response environments. The company’s expertise lies in producing garments that shield against chemical, biological, radiological, and thermal risks, supporting safety protocols in sectors such as oil and gas, petrochemicals, pharmaceuticals, and first responders.

The product portfolio encompasses both single-use and reusable solutions, including chemical protective coveralls, flame-resistant garments, arc flash clothing, medical isolation gowns, and cleanroom suits.