Lakeland Industries (NASDAQ:LAKE) Upgraded at StockNews.com

by · The Cerbat Gem

StockNews.com upgraded shares of Lakeland Industries (NASDAQ:LAKE – Free Report) to a sell rating in a research note published on Wednesday morning.

LAKE has been the subject of a number of other research reports. DA Davidson dropped their target price on Lakeland Industries from $28.00 to $23.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Lake Street Capital assumed coverage on shares of Lakeland Industries in a research note on Tuesday, March 11th. They issued a “buy” rating and a $30.00 price objective for the company. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, Lakeland Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

Read Our Latest Stock Report on LAKE

Lakeland Industries Stock Performance

Shares of LAKE stock opened at $16.81 on Wednesday. Lakeland Industries has a 52 week low of $14.58 and a 52 week high of $27.28. The company has a market capitalization of $159.68 million, a price-to-earnings ratio of -186.78 and a beta of 0.86. The company has a 50-day simple moving average of $19.47 and a 200 day simple moving average of $21.58. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.77 and a current ratio of 4.23.

Lakeland Industries (NASDAQ:LAKE – Get Free Report) last issued its quarterly earnings data on Wednesday, April 9th. The medical instruments supplier reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.97). The firm had revenue of $46.60 million for the quarter, compared to the consensus estimate of $47.10 million. Lakeland Industries had a positive return on equity of 1.66% and a negative net margin of 0.42%. During the same quarter in the prior year, the firm earned $0.72 EPS. On average, sell-side analysts predict that Lakeland Industries will post 0.48 earnings per share for the current year.

Lakeland Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Monday, February 17th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Friday, February 14th. Lakeland Industries’s dividend payout ratio (DPR) is currently -5.04%.

Institutional Investors Weigh In On Lakeland Industries

A number of large investors have recently bought and sold shares of LAKE. Royce & Associates LP lifted its holdings in shares of Lakeland Industries by 16.7% during the 4th quarter. Royce & Associates LP now owns 851,980 shares of the medical instruments supplier’s stock worth $21,768,000 after acquiring an additional 121,760 shares during the period. Ancora Advisors LLC lifted its stake in Lakeland Industries by 112.5% during the fourth quarter. Ancora Advisors LLC now owns 149,493 shares of the medical instruments supplier’s stock worth $3,820,000 after purchasing an additional 79,148 shares during the last quarter. Peapod Lane Capital LLC acquired a new stake in shares of Lakeland Industries in the 4th quarter valued at $2,018,000. Susquehanna International Group LLP increased its stake in shares of Lakeland Industries by 261.9% in the 4th quarter. Susquehanna International Group LLP now owns 98,419 shares of the medical instruments supplier’s stock valued at $2,515,000 after purchasing an additional 71,224 shares during the last quarter. Finally, Expect Equity LLC acquired a new position in shares of Lakeland Industries during the 4th quarter worth $1,809,000. 71.69% of the stock is currently owned by institutional investors and hedge funds.

About Lakeland Industries

(Get Free Report)

Lakeland Industries, Inc manufactures and sells industrial protective clothing and accessories for the industrial and public protective clothing market worldwide. It offers firefighting and heat protective apparel to protect against fire; high-end chemical protective suits to provide protection from highly concentrated, toxic and/or lethal chemicals, and biological toxins; and limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks.

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