Lakeland Industries (LAKE) Lowered to “C+” at TheStreet

Lakeland Industries (NASDAQ:LAKE) was downgraded by equities research analysts at TheStreet from a “b” rating to a “c+” rating in a research note issued to investors on Friday.

Other research analysts have also recently issued research reports about the company. ValuEngine upgraded Lakeland Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Roth Capital started coverage on Lakeland Industries in a research report on Wednesday, August 23rd. They issued a “buy” rating and a $18.00 price objective for the company. Finally, Zacks Investment Research upgraded Lakeland Industries from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Wednesday, September 27th.

Lakeland Industries (NASDAQ LAKE) opened at $14.45 on Friday. The stock has a market capitalization of $118.50, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 1.75 and a beta of -0.11. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.75 and a quick ratio of 2.70. Lakeland Industries has a 52-week low of $9.85 and a 52-week high of $17.18.

Hedge funds have recently made changes to their positions in the company. Nationwide Fund Advisors increased its position in shares of Lakeland Industries by 4,456.5% in the second quarter. Nationwide Fund Advisors now owns 9,113 shares of the medical instruments supplier’s stock valued at $132,000 after buying an additional 8,913 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of Lakeland Industries in the second quarter valued at $164,000. Teton Advisors Inc. increased its position in shares of Lakeland Industries by 7.1% in the second quarter. Teton Advisors Inc. now owns 12,211 shares of the medical instruments supplier’s stock valued at $177,000 after buying an additional 811 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Lakeland Industries in the third quarter valued at $209,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Lakeland Industries by 54.8% in the first quarter. Goldman Sachs Group Inc. now owns 19,556 shares of the medical instruments supplier’s stock valued at $210,000 after buying an additional 6,924 shares in the last quarter. Institutional investors and hedge funds own 55.35% of the company’s stock.

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Lakeland Industries Company Profile

Lakeland Industries, Inc (Lakeland) manufactures and sells a line of safety garments and accessories for the industrial and public protective clothing market. The Company’s product categories include limited use/disposable protective clothing; high-end chemical protective suits; firefighting, flame resistant personal protective equipment (FR PPE) and heat protective apparel; reusable woven garments; high visibility clothing, and glove and sleeves.

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