Lakeland Industries (NASDAQ:LAKE) Now Covered by DA Davidson

DA Davidson initiated coverage on shares of Lakeland Industries (NASDAQ:LAKE) in a report released on Wednesday, Marketbeat Ratings reports. The firm set a “buy” rating and a $28.00 price target on the medical instruments supplier’s stock. DA Davidson’s price objective indicates a potential upside of 36.85% from the company’s previous close.

LAKE has been the subject of a number of other research reports. Lake Street Capital began coverage on Lakeland Industries in a research note on Tuesday, March 11th. They set a “buy” rating and a $30.00 price objective for the company. Roth Mkm lifted their price target on Lakeland Industries from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $28.25.

Lakeland Industries Stock Up 0.8 %

NASDAQ:LAKE opened at $20.46 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.23 and a quick ratio of 1.77. The company’s fifty day moving average price is $22.64 and its 200-day moving average price is $22.03. Lakeland Industries has a 1-year low of $15.10 and a 1-year high of $27.28. The firm has a market capitalization of $194.35 million, a P/E ratio of -227.33 and a beta of 0.96.

Insider Activity at Lakeland Industries

In related news, Director Nikki Hamblin purchased 1,590 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were purchased at an average price of $22.00 per share, with a total value of $34,980.00. Following the purchase, the director now owns 17,452 shares of the company’s stock, valued at $383,944. The trade was a 10.02 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James M. Jenkins acquired 990 shares of Lakeland Industries stock in a transaction on Monday, December 30th. The shares were bought at an average price of $25.35 per share, with a total value of $25,096.50. Following the completion of the transaction, the chief executive officer now directly owns 990 shares of the company’s stock, valued at $25,096.50. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 8,988 shares of company stock worth $202,283 in the last 90 days. Corporate insiders own 4.20% of the company’s stock.

Institutional Trading of Lakeland Industries

Institutional investors have recently modified their holdings of the stock. IFP Advisors Inc acquired a new position in shares of Lakeland Industries during the 4th quarter worth about $36,000. Russell Investments Group Ltd. acquired a new position in shares of Lakeland Industries during the fourth quarter valued at approximately $160,000. Bank of America Corp DE lifted its position in shares of Lakeland Industries by 114.1% in the fourth quarter. Bank of America Corp DE now owns 7,657 shares of the medical instruments supplier’s stock valued at $196,000 after acquiring an additional 4,081 shares in the last quarter. Metis Global Partners LLC acquired a new stake in shares of Lakeland Industries in the fourth quarter worth approximately $207,000. Finally, Empowered Funds LLC increased its position in shares of Lakeland Industries by 4.6% during the third quarter. Empowered Funds LLC now owns 12,129 shares of the medical instruments supplier’s stock worth $244,000 after purchasing an additional 536 shares in the last quarter. Institutional investors and hedge funds 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.