Lakeland Industries Inc. [LAKE] is 78.61% higher this YTD. Is it still time to buy?



Lakeland Industries Inc. [NASDAQ: LAKE] closed the trading session at $19.29 on 06/10/20. The day’s price range saw the stock hit a low of $18.55, while the highest price level was $23.99. The stocks have a year to date performance of 78.61 percent and weekly performance of 29.38 percent. The stock has been moved at 90.99 percent over the last six months. The stock has performed 43.90 percent around the most recent 30 days and changed 17.34 percent over the most recent 3-months.

If compared to the average trading volume of 852.99K shares, LAKE reached to a volume of 9531382 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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Here’s what leading stock market gurus have to say about Lakeland Industries Inc. [LAKE]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LAKE shares is $20.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LAKE stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

The Benchmark Company have made an estimate for Lakeland Industries Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 09, 2020. While these analysts kept the previous recommendation, ROTH Capital raised their target price to Buy. The new note on the price target was released on April 15, 2020, representing the official price target for Lakeland Industries Inc. stock. Previously, the target price had yet another raise to $18, while ROTH Capital analysts kept a Buy rating on LAKE stock.

The Average True Range (ATR) for Lakeland Industries Inc. is set at 1.34, with the Price to Sales ratio for LAKE stock in the period of the last 12 months amounting to 1.46. The Price to Book ratio for the last quarter was 1.81, with the Price to Cash per share for the same quarter was set at 1.79. Price to Free Cash Flow for LAKE in the course of the last twelve months was 60.54 with Quick ratio for the last quarter at 2.70.

LAKE stock trade performance evaluation

Lakeland Industries Inc. [LAKE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 29.38. With this latest performance, LAKE shares gained by 43.90% in over the last four-week period, additionally plugging by 90.99% over the last 6 months – not to mention a rise of 60.88% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LAKE stock in for the last two-week period is set at 79.48, with the RSI for the last a single of trading hit 87.17, and the three-weeks RSI is set at 71.13 for Lakeland Industries Inc. [LAKE]. The present Moving Average for the last 50 days of trading for this stock 14.92, while it was recorded at 16.11 for the last single week of trading, and 12.88 for the last 200 days.

Lakeland Industries Inc. [LAKE]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Lakeland Industries Inc. [LAKE] shares currently have an operating margin of +5.45 and a Gross Margin at +32.74. Lakeland Industries Inc.’s Net Margin is presently recorded at +3.04.

Return on Total Capital for LAKE is now 6.79, given the latest momentum, and Return on Invested Capital for the company is 3.84. Return on Equity for this stock inclined to 3.90, with Return on Assets sitting at 3.38. When it comes to the capital structure of this company, Lakeland Industries Inc. [LAKE] has a Total Debt to Total Equity ratio set at 4.00. Additionally, LAKE Total Debt to Total Capital is recorded at 3.85, with Total Debt to Total Assets ending up at 3.42. Long-Term Debt to Equity for the company is recorded at 1.66, with the Long-Term Debt to Total Capital now at 1.60.

Reflecting on the efficiency of the workforce at the company, Lakeland Industries Inc. [LAKE] managed to generate an average of $1,794 per employee. Receivables Turnover for the company is 6.29 with a Total Asset Turnover recorded at a value of 1.11.Lakeland Industries Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.70 and a Current Ratio set at 6.20.

Earnings per share (EPS) analysis for Lakeland Industries Inc. [LAKE] stock

With the latest financial reports released by the company, Lakeland Industries Inc. posted 0.17/share EPS, while the average EPS was predicted by analysts to be reported at 0.03/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 466.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LAKE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Lakeland Industries Inc. go to 10.00%.

Lakeland Industries Inc. [LAKE]: Insider Ownership positions

There are presently around $62 million, or 51.10% of LAKE stock, in the hands of institutional investors. The top three institutional holders of LAKE stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 640,402, which is approximately 14.461% of the company’s market cap and around 5.00% of the total institutional ownership; DIMENSIONAL FUND ADVISORS LP, holding 607,930 shares of the stock with an approximate value of $9.74 million in LAKE stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $9.44 million in LAKE stock with ownership of nearly New of the company’s market capitalization.

Positions in Lakeland Industries Inc. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 40 institutional holders increased their position in Lakeland Industries Inc. [NASDAQ:LAKE] by around 1,736,429 shares. Additionally, 23 investors decreased positions by around 2,649,716 shares, while 5 investors held positions by with 497,559 shares. The mentioned changes placed institutional holdings at 3,888,586 shares, according to the latest SEC report filing. LAKE stock had 28 new institutional investments in for a total of 1,202,477 shares, while 13 institutional investors sold positions of 927,591 shares during the same period.



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