Expect Equity LLC Purchases 21,167 Shares of Lakeland Industries, Inc. $LAKE

Key Points

• Expect Equity LLC increased its stake in Lakeland Industries by 29.9% in the first quarter, making it the 26th largest position in their investment portfolio.
• Lakeland Industries reported a loss of $0.41 per share, significantly missing analyst estimates, with revenue of $46.75 million, below the expected $48.84 million.
• The company announced a quarterly dividend of $0.03 per share, equating to an annualized dividend yield of 0.8%.

Expect Equity LLC grew its holdings in Lakeland Industries, Inc. (NASDAQ:LAKE - Free Report) by 29.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,952 shares of the medical instruments supplier's stock after purchasing an additional 21,167 shares during the period. Lakeland Industries comprises about 2.1% of Expect Equity LLC's investment portfolio, making the stock its 26th biggest holding. Expect Equity LLC owned 0.97% of Lakeland Industries worth $1,868,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of America Corp DE lifted its position in Lakeland Industries by 114.1% during the fourth quarter. Bank of America Corp DE now owns 7,657 shares of the medical instruments supplier's stock valued at $196,000 after purchasing an additional 4,081 shares in the last quarter. HighTower Advisors LLC purchased a new position in Lakeland Industries during the first quarter valued at $254,000. Schonfeld Strategic Advisors LLC purchased a new position in Lakeland Industries during the fourth quarter valued at $362,000. Northern Trust Corp lifted its position in Lakeland Industries by 4.5% during the fourth quarter. Northern Trust Corp now owns 14,799 shares of the medical instruments supplier's stock valued at $378,000 after purchasing an additional 635 shares in the last quarter. Finally, Delta Investment Management LLC purchased a new position in Lakeland Industries during the fourth quarter valued at $445,000. 71.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wall Street Zen upgraded Lakeland Industries to a "sell" rating in a research report on Wednesday, May 7th. Lake Street Capital set a $26.00 target price on Lakeland Industries and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Finally, Zacks Research upgraded Lakeland Industries from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 14th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Lakeland Industries currently has an average rating of "Moderate Buy" and a consensus target price of $26.00.

Lakeland Industries Trading Down 2.8%

Shares of LAKE traded down $0.42 during mid-day trading on Wednesday, reaching $14.72. 46,316 shares of the company's stock traded hands, compared to its average volume of 126,508. The stock has a market cap of $139.99 million, a P/E ratio of -4.89 and a beta of 1.11. The stock's 50-day moving average is $14.37 and its two-hundred day moving average is $17.03. Lakeland Industries, Inc. has a 12 month low of $12.76 and a 12 month high of $27.28. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.88 and a quick ratio of 1.51.

Lakeland Industries (NASDAQ:LAKE - Get Free Report) last released its earnings results on Monday, June 9th. The medical instruments supplier reported ($0.41) EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.68). The business had revenue of $46.75 million for the quarter, compared to the consensus estimate of $48.84 million. Lakeland Industries had a negative net margin of 13.31% and a negative return on equity of 6.88%. During the same period in the prior year, the company posted $0.22 EPS. Lakeland Industries has set its FY 2026 guidance at EPS. Research analysts forecast that Lakeland Industries, Inc. will post 0.48 earnings per share for the current fiscal year.

Lakeland Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 15th were paid a $0.03 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.12 annualized dividend and a yield of 0.8%. Lakeland Industries's dividend payout ratio is -3.99%.

Lakeland Industries 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.