Lakeland Industries, Inc. (NASDAQ:LAKE) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokers have set a one year consensus price target of $15.00 for the company and are anticipating that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also given Lakeland Industries an industry rank of 165 out of 256 based on the ratings given to its competitors.
A number of analysts have weighed in on LAKE shares. Zacks Investment Research upgraded Lakeland Industries from a “strong sell” rating to a “hold” rating in a report on Wednesday. ValuEngine upgraded Lakeland Industries from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st.
Lakeland Industries (NASDAQ:LAKE) last released its earnings results on Monday, June 10th. The medical instruments supplier reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.14). Lakeland Industries had a negative net margin of 0.88% and a positive return on equity of 1.22%. The company had revenue of $24.68 million for the quarter, compared to analysts’ expectations of $25.32 million. Research analysts anticipate that Lakeland Industries will post 0.15 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Parthenon LLC increased its position in shares of Lakeland Industries by 103.9% in the 1st quarter. Parthenon LLC now owns 85,538 shares of the medical instruments supplier’s stock valued at $1,004,000 after acquiring an additional 43,596 shares during the period. Private Capital Management LLC boosted its stake in shares of Lakeland Industries by 28.4% during the 1st quarter. Private Capital Management LLC now owns 713,265 shares of the medical instruments supplier’s stock worth $8,374,000 after acquiring an additional 157,625 shares in the last quarter. Kennedy Capital Management Inc. purchased a new stake in shares of Lakeland Industries during the 1st quarter worth about $1,723,000. Teton Advisors Inc. lifted its stake in Lakeland Industries by 10.1% in the 1st quarter. Teton Advisors Inc. now owns 16,510 shares of the medical instruments supplier’s stock valued at $194,000 after buying an additional 1,510 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in Lakeland Industries by 6.4% in the 2nd quarter. BlackRock Inc. now owns 48,078 shares of the medical instruments supplier’s stock valued at $539,000 after buying an additional 2,890 shares in the last quarter. Hedge funds and other institutional investors own 60.56% 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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