Lakeland Industries (NASDAQ:LAKE) Upgraded to “Hold” by StockNews.com

StockNews.com upgraded shares of Lakeland Industries (NASDAQ:LAKE) from a sell rating to a hold rating in a research note released on Friday.

Other equities analysts have also recently issued research reports about the stock. Roth Mkm boosted their price target on shares of Lakeland Industries from $25.00 to $27.00 and gave the company a buy rating in a research report on Wednesday, July 3rd. Maxim Group upped their target price on Lakeland Industries from $22.00 to $26.00 and gave the stock a buy rating in a report on Thursday, June 6th.

Lakeland Industries Trading Down 0.4 %

NASDAQ LAKE opened at $20.10 on Friday. The stock has a market cap of $148.30 million, a P/E ratio of 26.80 and a beta of 0.57. Lakeland Industries has a fifty-two week low of $13.86 and a fifty-two week high of $26.10. The stock has a 50 day simple moving average of $22.39 and a two-hundred day simple moving average of $20.32. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.00 and a current ratio of 4.24.

Lakeland Industries (NASDAQ:LAKE) last announced its quarterly earnings results on Wednesday, September 4th. The medical instruments supplier reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.61). The business had revenue of $38.51 million during the quarter, compared to analysts’ expectations of $41.10 million. Lakeland Industries had a return on equity of 3.70% and a net margin of 1.38%. During the same period in the previous year, the business earned $0.32 EPS. On average, analysts forecast that Lakeland Industries will post 0.96 earnings per share for the current year.

Lakeland Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were paid a $0.03 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.12 annualized dividend and a dividend yield of 0.60%. Lakeland Industries’s payout ratio is 16.00%.

Institutional Investors Weigh In On Lakeland Industries

Hedge funds and other institutional investors have recently bought and sold shares of the business. Total Clarity Wealth Management Inc. bought a new stake in shares of Lakeland Industries in the 2nd quarter worth approximately $597,000. Empowered Funds LLC boosted its holdings in Lakeland Industries by 6.9% in the first quarter. Empowered Funds LLC now owns 10,873 shares of the medical instruments supplier’s stock worth $199,000 after acquiring an additional 700 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Lakeland Industries in the fourth quarter worth $236,000. Inspire Advisors LLC bought a new position in shares of Lakeland Industries during the second quarter valued at $222,000. Finally, Renaissance Technologies LLC raised its position in shares of Lakeland Industries by 2.7% in the 2nd quarter. Renaissance Technologies LLC now owns 499,202 shares of the medical instruments supplier’s stock worth $11,452,000 after purchasing an additional 13,200 shares during the last quarter. Hedge funds and other 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.