Lakeland Industries Inc (NASDAQ: LAKE) has reported E.P.S. of $0.35 for its third fiscal quarter (ending October 31) versus $0.19 for the same period a year ago — an increase of 84%. For the latest four quarters through October 31, E.P.S. were $0.90 versus $0.28 for the same period a year ago — an increase of 221%.
Recent Price Action
Lakeland Industries Inc (NASDAQ: LAKE) stock enjoyed a large increase of 3.2% on 12/7/23. The stock closed at $15.28. Moreover, exceptionally high trading volume at 278% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 6.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, LAKE is expected to continue to be Value Creation neutral.
Lakeland Industries has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Lakeland Industries has a neutral Appreciation Score of 43 but a good Power Rating of 81, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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