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

Lakeland Industries (NASDAQ:LAKE) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

Separately, Roth Mkm upped 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.

Lakeland Industries Trading Down 2.0 %

NASDAQ LAKE opened at $19.44 on Tuesday. The company has a market cap of $143.43 million, a price-to-earnings ratio of 25.92 and a beta of 0.55. Lakeland Industries has a twelve month low of $13.86 and a twelve month high of $26.10. The company has a quick ratio of 2.00, a current ratio of 4.24 and a debt-to-equity ratio of 0.24. The business’s fifty day moving average is $20.92 and its 200 day moving average is $20.78.

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). Lakeland Industries had a net margin of 1.38% and a return on equity of 3.70%. The firm had revenue of $38.51 million for the quarter, compared to analyst estimates of $41.10 million. During the same period in the previous year, the business posted $0.32 earnings per share. As a group, sell-side analysts expect that Lakeland Industries will post 0.96 EPS for the current fiscal year.

Hedge Funds Weigh In On Lakeland Industries

A number of hedge funds have recently made changes to their positions in the stock. 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 valued at $199,000 after acquiring an additional 700 shares during the last quarter. Hillsdale Investment Management Inc. boosted its stake in shares of Lakeland Industries by 37.2% in the 1st quarter. Hillsdale Investment Management Inc. now owns 10,700 shares of the medical instruments supplier’s stock valued at $196,000 after purchasing an additional 2,900 shares during the last quarter. High Falls Advisors Inc increased its position in shares of 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 worth $447,000 after buying an additional 5,137 shares during the period. Quadrature Capital Ltd raised its stake in Lakeland Industries by 47.0% during the first quarter. Quadrature Capital Ltd now owns 18,641 shares of the medical instruments supplier’s stock worth $339,000 after buying an additional 5,957 shares during the last quarter. Finally, Inspire Advisors LLC acquired a new position in Lakeland Industries in the second quarter valued at $222,000. 71.69% of the stock is currently owned by institutional investors.

About Lakeland Industries

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.