Lakeland Industries (NASDAQ:LAKE) Rating Lowered to Sell at StockNews.com

Lakeland Industries (NASDAQ:LAKE) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Monday.

A number of other equities research analysts have also weighed in on LAKE. Roth Mkm upped their target price on shares of Lakeland Industries from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Maxim Group lifted their price objective on Lakeland Industries from $22.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, June 6th.

Lakeland Industries Stock Performance

Shares of Lakeland Industries stock opened at $19.34 on Monday. The company has a market capitalization of $143.12 million, a PE ratio of 25.79 and a beta of 0.57. Lakeland Industries has a 12 month low of $13.86 and a 12 month high of $26.10. The company has a current ratio of 5.39, a quick ratio of 2.74 and a debt-to-equity ratio of 0.10. The stock’s fifty day simple moving average is $23.11 and its 200 day simple moving average is $19.99.

Lakeland Industries (NASDAQ:LAKE) last issued its quarterly earnings data on Wednesday, September 4th. The medical instruments supplier reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.61). Lakeland Industries had a return on equity of 3.70% and a net margin of 1.38%. The company had revenue of $38.51 million for the quarter, compared to analyst estimates of $41.10 million. During the same quarter last year, the business earned $0.32 earnings per share. On average, research analysts predict that Lakeland Industries will post 1.51 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC lifted its holdings in Lakeland Industries by 2.7% in the second quarter. Renaissance Technologies LLC now owns 499,202 shares of the medical instruments supplier’s stock valued at $11,452,000 after acquiring an additional 13,200 shares during the period. North Star Investment Management Corp. lifted its position in shares of Lakeland Industries by 0.9% in the first quarter. North Star Investment Management Corp. now owns 168,573 shares of the medical instruments supplier’s stock worth $3,085,000 after buying an additional 1,503 shares in the last quarter. Total Clarity Wealth Management Inc. purchased a new stake in Lakeland Industries during the second quarter valued at approximately $597,000. High Falls Advisors Inc raised its position in Lakeland Industries by 35.8% during the second quarter. High Falls Advisors Inc now owns 19,472 shares of the medical instruments supplier’s stock valued at $447,000 after purchasing an additional 5,137 shares during the period. Finally, Quadrature Capital Ltd grew its stake in shares of Lakeland Industries by 47.0% during the first quarter. Quadrature Capital Ltd now owns 18,641 shares of the medical instruments supplier’s stock valued at $339,000 after buying an additional 5,957 shares during the last quarter. Institutional investors own 71.69% 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 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.