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

Shares of Lakeland Industries, Inc. (NASDAQ:LAKE) have received an average recommendation of “Hold” from the five brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $16.50.

LAKE has been the topic of several recent analyst reports. DA Davidson reissued a “neutral” rating and issued a $14.00 target price (down from $20.00) on shares of Lakeland Industries in a research note on Wednesday, December 10th. Lake Street Capital lowered their price target 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. Roth Mkm dropped their price objective on Lakeland Industries from $27.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday, December 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Lakeland Industries in a research note on Thursday, January 22nd. Finally, Wall Street Zen downgraded Lakeland Industries from a “hold” rating to a “strong sell” rating in a report on Saturday, December 13th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its stake in shares of Lakeland Industries by 87.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,795 shares of the medical instruments supplier’s stock valued at $27,000 after purchasing an additional 839 shares in the last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in Lakeland Industries in the second quarter worth about $31,000. Tripletail Wealth Management LLC bought a new position in Lakeland Industries in the third quarter worth about $49,000. Bank of America Corp DE lifted its holdings in Lakeland Industries by 189.9% in the second quarter. Bank of America Corp DE now owns 4,177 shares of the medical instruments supplier’s stock worth $57,000 after buying an additional 2,736 shares during the period. Finally, JPMorgan Chase & Co. purchased a new stake in Lakeland Industries in the second quarter worth about $59,000. 71.69% of the stock is currently owned by institutional investors.

Lakeland Industries Stock Performance

Shares of LAKE opened at $7.58 on Friday. The stock has a market capitalization of $74.36 million, a P/E ratio of -1.73 and a beta of 1.29. Lakeland Industries has a twelve month low of $7.15 and a twelve month high of $20.83. The company has a quick ratio of 1.48, a current ratio of 3.83 and a debt-to-equity ratio of 0.28. The firm has a fifty day simple moving average of $9.05 and a two-hundred day simple moving average of $11.91.

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.