Lakeland Industries (NASDAQ:LAKE) Issues Earnings Results, Misses Expectations By $0.08 EPS

Lakeland Industries (NASDAQ:LAKE) released its quarterly earnings data on Tuesday. The medical instruments supplier reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.08), Fidelity Earnings reports. Lakeland Industries had a return on equity of 32.40% and a net margin of 22.08%.

LAKE stock opened at $26.43 on Thursday. The stock has a market capitalization of $212.15 million and a price-to-earnings ratio of 6.12. The firm’s 50-day moving average price is $26.91. Lakeland Industries has a one year low of $17.88 and a one year high of $47.95.

A number of analysts recently weighed in on LAKE shares. Craig Hallum upped their price objective on shares of Lakeland Industries from $35.00 to $45.00 in a research note on Friday, April 16th. Zacks Investment Research raised shares of Lakeland Industries from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Monday, April 19th. Finally, Roth Capital increased their price target on shares of Lakeland Industries from $28.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, April 16th.

An institutional investor recently raised its position in Lakeland Industries stock. Morgan Stanley grew its stake in shares of Lakeland Industries, Inc. (NASDAQ:LAKE) by 7.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,822 shares of the medical instruments supplier’s stock after acquiring an additional 1,095 shares during the quarter. Morgan Stanley owned about 0.21% of Lakeland Industries worth $469,000 as of its most recent SEC filing. Institutional investors and hedge funds own 67.73% of the company’s stock.

Lakeland Industries Company Profile

Lakeland Industries, Inc manufactures and sells industrial protective clothing and accessories for the industrial and public protective clothing market worldwide. 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, toxic and/or lethal chemicals, and biological toxins; and firefighting and heat protective apparel to protect against fire.

Further Reading: Dividend Yield

Earnings History for Lakeland Industries (NASDAQ:LAKE)

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