Zacks: Brokerages Set $15.00 Price Target for Lakeland Industries, Inc. (NASDAQ:LAKE)

Shares of Lakeland Industries, Inc. (NASDAQ:LAKE) have 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 recommendation.

Analysts have set a 1 year consensus target price of $15.00 for the company and are expecting 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 103 out of 256 based on the ratings given to its competitors.

Several research analysts recently commented on LAKE shares. Zacks Investment Research downgraded shares of Lakeland Industries from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 24th. ValuEngine raised shares of Lakeland Industries from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st.

Shares of LAKE traded up $0.19 during trading hours on Tuesday, hitting $11.09. 16,200 shares of the company were exchanged, compared to its average volume of 21,541. The company has a market capitalization of $88.19 million, a P/E ratio of 27.05 and a beta of 0.58. The company’s 50 day simple moving average is $10.95. Lakeland Industries has a 52 week low of $9.70 and a 52 week high of $14.44. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.09 and a current ratio of 5.01.

Lakeland Industries (NASDAQ:LAKE) last released its quarterly earnings results on Monday, June 10th. The medical instruments supplier reported ($0.06) earnings per share (EPS) 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 firm had revenue of $24.68 million during the quarter, compared to analyst estimates of $25.32 million. On average, equities analysts expect that Lakeland Industries will post 0.15 earnings per share for the current year.

Large investors have recently bought and sold shares of the stock. Private Capital Management LLC lifted its stake in shares of Lakeland Industries by 28.4% in the first quarter. Private Capital Management LLC now owns 713,265 shares of the medical instruments supplier’s stock worth $8,374,000 after buying an additional 157,625 shares in the last quarter. North Star Investment Management Corp. raised its position in Lakeland Industries by 4.6% in the first quarter. North Star Investment Management Corp. now owns 205,950 shares of the medical instruments supplier’s stock worth $2,418,000 after acquiring an additional 9,050 shares in the last quarter. Kennedy Capital Management Inc. purchased a new position in Lakeland Industries in the first quarter worth $1,723,000. Parthenon LLC raised its position in Lakeland Industries by 103.9% in the first quarter. Parthenon LLC now owns 85,538 shares of the medical instruments supplier’s stock worth $1,004,000 after acquiring an additional 43,596 shares in the last quarter. Finally, Granite Investment Partners LLC raised its position in Lakeland Industries by 88.6% in the first quarter. Granite Investment Partners LLC now owns 50,854 shares of the medical instruments supplier’s stock worth $597,000 after acquiring an additional 23,894 shares in the last quarter. 61.16% of the stock is currently owned by institutional investors and hedge funds.

About Lakeland Industries

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.

Read More: How to calculate compound interest

Get a free copy of the Zacks research report on Lakeland Industries (LAKE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Lakeland Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lakeland Industries and related companies with MarketBeat.com's FREE daily email newsletter.