Lakeland Industries (NASDAQ:LAKE) Rating Increased to Strong-Buy at DA Davidson

Lakeland Industries (NASDAQ:LAKE) was upgraded by research analysts at DA Davidson to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other equities analysts also recently issued reports on the company. 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 target price for the company. Roth Mkm increased their price objective on Lakeland Industries from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.25.

Lakeland Industries Trading Down 0.4 %

Shares of LAKE stock opened at $20.30 on Tuesday. The company has a market capitalization of $192.83 million, a P/E ratio of -225.56 and a beta of 0.96. The company has a current ratio of 4.23, a quick ratio of 1.77 and a debt-to-equity ratio of 0.25. The business’s 50 day moving average is $22.74 and its two-hundred day moving average is $22.04. Lakeland Industries has a twelve month low of $15.10 and a twelve month high of $27.28.

Insider Transactions at Lakeland Industries

In related news, Director Nikki Hamblin acquired 1,590 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were acquired at an average cost of $22.00 per share, for a total transaction of $34,980.00. Following the acquisition, the director now directly owns 17,452 shares in the company, valued at approximately $383,944. The trade was a 10.02 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Laurel A. Yartz bought 2,272 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was purchased at an average price of $22.00 per share, with a total value of $49,984.00. Following the completion of the purchase, the insider now directly owns 9,772 shares of the company’s stock, valued at approximately $214,984. This trade represents a 30.29 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 8,988 shares of company stock valued at $202,283 over the last three months. 4.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Barclays PLC purchased a new stake in Lakeland Industries during the 3rd quarter worth approximately $306,000. First Eagle Investment Management LLC bought a new stake in shares of Lakeland Industries in the fourth quarter worth $571,000. IFP Advisors Inc acquired a new stake in Lakeland Industries in the fourth quarter valued at $36,000. Geode Capital Management LLC boosted its stake in Lakeland Industries by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 74,273 shares of the medical instruments supplier’s stock valued at $1,493,000 after acquiring an additional 1,177 shares during the last quarter. Finally, Peapod Lane Capital LLC acquired a new position in Lakeland Industries during the 4th quarter worth $2,018,000. 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.