Russell Investments Group Ltd. Buys 107,753 Shares of Lakeland Industries, Inc. $LAKE

Key Points

• Russell Investments Group Ltd. significantly increased its holdings in Lakeland Industries, Inc. by 1,720.2% in Q1, reaching over 114,000 shares valued at approximately $2.3 million.
• Lakeland reported a loss of $0.41 EPS for the recent quarter, missing expectations, with quarterly revenue of $46.75 million against projections of $48.84 million.
• The company declared a quarterly dividend of $0.03 per share, resulting in an annualized yield of 0.8%, and has a debt-to-equity ratio of 0.17.

Russell Investments Group Ltd. lifted its stake in Lakeland Industries, Inc. (NASDAQ:LAKE - Free Report) by 1,720.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 114,017 shares of the medical instruments supplier's stock after buying an additional 107,753 shares during the period. Russell Investments Group Ltd. owned about 1.20% of Lakeland Industries worth $2,316,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of LAKE. Susquehanna International Group LLP boosted its position in Lakeland Industries by 261.9% in the 4th quarter. Susquehanna International Group LLP now owns 98,419 shares of the medical instruments supplier's stock valued at $2,515,000 after buying an additional 71,224 shares during the last quarter. Northern Trust Corp raised its stake in Lakeland Industries by 4.5% during the 4th 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 during the period. Schonfeld Strategic Advisors LLC bought a new stake in shares of Lakeland Industries in the fourth quarter valued at about $362,000. Jane Street Group LLC bought a new stake in shares of Lakeland Industries in the fourth quarter valued at about $494,000. Finally, 683 Capital Management LLC bought a new stake in Lakeland Industries during the fourth quarter worth about $473,000. 71.69% of the stock is currently owned by institutional investors.

Lakeland Industries Stock Performance

NASDAQ LAKE traded down $0.28 during trading on Friday, reaching $15.19. 93,408 shares of the company's stock were exchanged, compared to its average volume of 127,306. The business has a 50 day moving average price of $14.29 and a 200-day moving average price of $17.27. The stock has a market capitalization of $144.46 million, a P/E ratio of -5.05 and a beta of 1.01. 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, Inc. has a fifty-two week low of $12.76 and a fifty-two week high of $27.28.

Lakeland Industries (NASDAQ:LAKE - Get Free Report) last posted its earnings results on Monday, June 9th. The medical instruments supplier reported ($0.41) EPS for the quarter, missing the consensus estimate of $0.27 by ($0.68). Lakeland Industries had a negative net margin of 13.31% and a negative return on equity of 6.88%. The firm had revenue of $46.75 million during the quarter, compared to analyst estimates of $48.84 million. During the same period in the previous year, the company posted $0.22 EPS. Lakeland Industries has set its FY 2026 guidance at EPS. Sell-side 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 announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 15th were given a $0.03 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.12 annualized dividend and a dividend yield of 0.8%. Lakeland Industries's dividend payout ratio is presently -3.99%.

Analyst Upgrades and Downgrades

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

About Lakeland Industries

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.