Lakeland Industries (NASDAQ:LAKE – Get Rating) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.
Other equities research analysts have also issued research reports about the company. Craig Hallum reduced their price objective on Lakeland Industries from $45.00 to $30.00 in a research report on Tuesday, April 19th. Roth Capital reiterated a “buy” rating on shares of Lakeland Industries in a research report on Wednesday, April 20th. Finally, TheStreet upgraded Lakeland Industries from a “c” rating to a “b-” rating in a research report on Friday, June 24th.
Lakeland Industries Price Performance
LAKE stock traded up $0.24 during midday trading on Friday, reaching $16.04. 63,102 shares of the stock were exchanged, compared to its average volume of 32,267. The stock has a market capitalization of $123.04 million, a PE ratio of 16.37 and a beta of 0.33. Lakeland Industries has a 52 week low of $14.91 and a 52 week high of $27.24. The company has a fifty day moving average price of $16.25 and a 200 day moving average price of $17.95.
Institutional Investors Weigh In On Lakeland Industries
A number of institutional investors have recently made changes to their positions in LAKE. Allspring Global Investments Holdings LLC bought a new stake in shares of Lakeland Industries in the 4th quarter valued at about $4,180,000. Private Capital Management LLC lifted its stake in shares of Lakeland Industries by 34.1% in the 4th quarter. Private Capital Management LLC now owns 648,258 shares of the medical instruments supplier’s stock valued at $14,067,000 after purchasing an additional 164,742 shares during the period. Pacific Ridge Capital Partners LLC lifted its stake in shares of Lakeland Industries by 261.0% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 212,975 shares of the medical instruments supplier’s stock valued at $4,622,000 after purchasing an additional 153,975 shares during the period. First Eagle Investment Management LLC lifted its stake in shares of Lakeland Industries by 93.4% in the 1st quarter. First Eagle Investment Management LLC now owns 52,259 shares of the medical instruments supplier’s stock valued at $1,003,000 after purchasing an additional 25,242 shares during the period. Finally, Invesco Ltd. acquired a new position in shares of Lakeland Industries in the 1st quarter valued at about $252,000. Institutional investors own 89.28% of the company’s stock.
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 limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks; high-end chemical protective suits to provide protection from highly concentrated, toxic and/or lethal chemicals, and biological toxins; and firefighting and heat protective apparel to protect against fire.