Expect Equity LLC Boosts Stake in 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 boosted its holdings in shares of Lakeland Industries, Inc. (NASDAQ:LAKE - Free Report) by 29.9% in the 1st 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 acquiring an additional 21,167 shares during the period. Lakeland Industries accounts for approximately 2.1% of Expect Equity LLC's investment portfolio, making the stock its 26th biggest position. Expect Equity LLC owned about 0.97% of Lakeland Industries worth $1,868,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. High Falls Advisors Inc grew its position in shares of Lakeland Industries by 2.2% in the first quarter. High Falls Advisors Inc now owns 28,061 shares of the medical instruments supplier's stock valued at $570,000 after purchasing an additional 599 shares in the last quarter. 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 worth $378,000 after buying an additional 635 shares in the last quarter. Jefferies Financial Group Inc. boosted its stake in Lakeland Industries by 4.5% during the first quarter. Jefferies Financial Group Inc. now owns 20,348 shares of the medical instruments supplier's stock worth $413,000 after buying an additional 883 shares during the last quarter. Bank of America Corp DE grew its holdings in Lakeland Industries by 114.1% in the 4th quarter. Bank of America Corp DE now owns 7,657 shares of the medical instruments supplier's stock valued at $196,000 after buying an additional 4,081 shares in the last quarter. Finally, Private Capital Management LLC increased its stake in shares of Lakeland Industries by 0.4% in the 4th quarter. Private Capital Management LLC now owns 1,007,391 shares of the medical instruments supplier's stock worth $25,739,000 after acquiring an additional 4,092 shares during the last quarter. Institutional investors and hedge funds own 71.69% of the company's stock.

Lakeland Industries Stock Up 0.1%

Shares of NASDAQ:LAKE opened at $15.47 on Friday. The company has a market capitalization of $147.12 million, a price-to-earnings ratio of -5.14 and a beta of 1.01. Lakeland Industries, Inc. has a 12-month low of $12.76 and a 12-month high of $27.28. The business has a 50-day moving average price of $14.29 and a 200 day moving average price of $17.27. The company has a current ratio of 3.88, a quick ratio of 1.51 and a debt-to-equity ratio of 0.17.

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

Lakeland Industries Dividend Announcement

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

Wall Street Analysts Forecast Growth

LAKE has been the topic of several recent research reports. Lake Street Capital set a $26.00 price target on shares of Lakeland Industries and gave the company a "buy" rating in a research report on Tuesday, June 10th. Zacks Research upgraded shares of Lakeland Industries from a "strong sell" rating to a "hold" rating in a report on Thursday, August 14th. Finally, Wall Street Zen raised shares of Lakeland Industries to a "sell" rating in a research note on Wednesday, May 7th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $26.00.

Lakeland Industries Company 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.

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