Lakeland Industries (NASDAQ:LAKE) Upgraded at Zacks Research

Zacks Research upgraded shares of Lakeland Industries (NASDAQ:LAKE) from a strong sell rating to a hold rating in a research report sent to investors on Monday,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. Wall Street Zen cut shares of Lakeland Industries from a “hold” rating to a “strong sell” rating in a research report on Saturday, December 13th. Weiss Ratings reissued a “sell (d)” rating on shares of Lakeland Industries in a research note on Thursday, January 22nd. DA Davidson reaffirmed a “neutral” rating and set a $14.00 target price (down previously from $20.00) on shares of Lakeland Industries in a research note on Wednesday, December 10th. Lake Street Capital lowered their target price on Lakeland Industries from $26.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday, December 10th. Finally, UBS Group set a $14.00 price objective on shares of Lakeland Industries in a research note on Wednesday, December 10th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $16.50.

Lakeland Industries Stock Performance

Shares of NASDAQ:LAKE opened at $9.93 on Monday. The business has a 50-day moving average price of $9.53 and a two-hundred day moving average price of $13.23. Lakeland Industries has a 1-year low of $7.77 and a 1-year high of $25.53. The stock has a market capitalization of $97.41 million, a P/E ratio of -2.26 and a beta of 1.31. The company has a current ratio of 3.83, a quick ratio of 1.48 and a debt-to-equity ratio of 0.28.

Insider Transactions at Lakeland Industries

In related news, CFO Roger D. Shannon sold 8,869 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $8.06, for a total value of $71,484.14. Following the sale, the chief financial officer owned 36,026 shares in the company, valued at approximately $290,369.56. This trade represents a 19.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have purchased 6,727 shares of company stock valued at $58,548. Corporate insiders own 1.91% of the company’s stock.

Institutional Trading of Lakeland Industries

A number of hedge funds have recently made changes to their positions in LAKE. First Eagle Investment Management LLC grew its holdings in shares of Lakeland Industries by 27.3% in the second quarter. First Eagle Investment Management LLC now owns 278,756 shares of the medical instruments supplier’s stock worth $3,794,000 after purchasing an additional 59,803 shares during the last quarter. Delta Investment Management LLC raised its stake in Lakeland Industries by 8.6% in the second quarter. Delta Investment Management LLC now owns 36,317 shares of the medical instruments supplier’s stock worth $494,000 after buying an additional 2,863 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in shares of Lakeland Industries by 5.6% during the 2nd quarter. D.A. Davidson & CO. now owns 45,673 shares of the medical instruments supplier’s stock valued at $622,000 after buying an additional 2,426 shares in the last quarter. Diversified Investment Strategies LLC increased its position in Lakeland Industries by 2.6% during the 2nd quarter. Diversified Investment Strategies LLC now owns 40,000 shares of the medical instruments supplier’s stock valued at $544,000 after buying an additional 1,000 shares in the last quarter. Finally, Equitable Trust Co. raised its holdings in Lakeland Industries by 32.0% in the second quarter. Equitable Trust Co. now owns 28,615 shares of the medical instruments supplier’s stock worth $389,000 after buying an additional 6,945 shares during the last quarter. 71.69% of the stock is owned by institutional investors.

About Lakeland Industries

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.