StockNews.com Lowers Lakeland Industries (NASDAQ:LAKE) to Sell

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

Separately, Roth Mkm upped their price target on Lakeland Industries from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd.

Lakeland Industries Stock Performance

Shares of NASDAQ:LAKE traded up $0.09 during mid-day trading on Friday, reaching $20.71. 20,098 shares of the company traded hands, compared to its average volume of 37,373. The company’s 50 day moving average price is $21.45 and its 200-day moving average price is $20.60. The firm has a market cap of $152.80 million, a PE ratio of 27.61 and a beta of 0.55. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.24 and a quick ratio of 2.00. Lakeland Industries has a 52 week low of $13.86 and a 52 week high of $26.10.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LAKE. Hillsdale Investment Management Inc. boosted its stake in 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 worth $196,000 after purchasing an additional 2,900 shares during the period. Empowered Funds LLC boosted its position in shares of Lakeland Industries by 6.9% during the 1st 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. Inspire Advisors LLC bought a new position in shares of Lakeland Industries during the 2nd quarter valued at approximately $222,000. Quadrature Capital Ltd bought a new position in shares of Lakeland Industries during the 4th quarter valued at approximately $236,000. Finally, High Falls Advisors Inc boosted its position in shares of Lakeland Industries by 35.8% during the 2nd quarter. High Falls Advisors Inc now owns 19,472 shares of the medical instruments supplier’s stock valued at $447,000 after acquiring an additional 5,137 shares during the last quarter. 71.69% of the stock is currently owned by institutional investors.

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.