Shares of Lakeland Industries, Inc. (NASDAQ:LAKE) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Analysts have set a twelve-month consensus price target of $15.00 for the company and are forecasting that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Lakeland Industries an industry rank of 182 out of 256 based on the ratings given to related companies.
LAKE has been the topic of a number of recent analyst reports. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Zacks Investment Research cut GenMark Diagnostics from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th.
Lakeland Industries (NASDAQ:LAKE) last posted its quarterly earnings data on Monday, June 10th. The medical instruments supplier reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.14). The firm had revenue of $24.68 million for the quarter, compared to analysts’ expectations of $25.32 million. Lakeland Industries had a positive return on equity of 1.22% and a negative net margin of 0.88%. On average, equities research analysts expect that Lakeland Industries will post 0.15 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the stock. Private Capital Management LLC raised its stake in Lakeland Industries by 28.4% in the 1st quarter. Private Capital Management LLC now owns 713,265 shares of the medical instruments supplier’s stock valued at $8,374,000 after acquiring an additional 157,625 shares during the period. North Star Investment Management Corp. raised its stake in Lakeland Industries by 4.6% in the 1st quarter. North Star Investment Management Corp. now owns 205,950 shares of the medical instruments supplier’s stock valued at $2,418,000 after acquiring an additional 9,050 shares during the period. Kennedy Capital Management Inc. bought a new stake in Lakeland Industries in the 1st quarter valued at about $1,723,000. Parthenon LLC grew its holdings in Lakeland Industries by 103.9% during the 1st quarter. Parthenon LLC now owns 85,538 shares of the medical instruments supplier’s stock valued at $1,004,000 after buying an additional 43,596 shares in the last quarter. Finally, Granite Investment Partners LLC grew its holdings in Lakeland Industries by 88.6% during the 1st quarter. Granite Investment Partners LLC now owns 50,854 shares of the medical instruments supplier’s stock valued at $597,000 after buying an additional 23,894 shares in the last quarter. Institutional investors and hedge funds own 61.17% of the company’s stock.
Lakeland Industries Company Profile
Lakeland Industries, Inc manufactures and sells a range of safety garments and accessories for the industrial and public protective clothing market in the United States and internationally. 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, and hazardous chemical and biological toxins; and firefighting and heat protective apparel to protect against fire, burns, and excessive heat.
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