North Star Investment Management Corp. Has $2.14 Million Stake in Lakeland Industries, Inc. $LAKE

Key Points

• North Star Investment Management Corp. increased its stake in Lakeland Industries by 22.9%, owning 157,475 shares valued at approximately $2.14 million.
• Recent research updates indicate a range of ratings for Lakeland Industries, with Zacks Research upgrading it to a "strong-buy" and an average target price of $25.00.
• Lakeland Industries announced a $0.03 quarterly dividend, resulting in an annualized yield of 0.8%, despite a negative net margin of 11.22% reported in their latest financial results.

North Star Investment Management Corp. increased its position in shares of Lakeland Industries, Inc. (NASDAQ:LAKE - Free Report) by 22.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 157,475 shares of the medical instruments supplier's stock after buying an additional 29,292 shares during the period. North Star Investment Management Corp. owned 1.66% of Lakeland Industries worth $2,143,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Royce & Associates LP increased its holdings in shares of Lakeland Industries by 9.4% in the first quarter. Royce & Associates LP now owns 931,920 shares of the medical instruments supplier's stock valued at $18,927,000 after purchasing an additional 79,940 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in shares of Lakeland Industries by 3.8% in the first quarter. Pacific Ridge Capital Partners LLC now owns 297,962 shares of the medical instruments supplier's stock valued at $6,052,000 after purchasing an additional 10,992 shares during the last quarter. Ancora Advisors LLC grew its stake in shares of Lakeland Industries by 85.1% in the first quarter. Ancora Advisors LLC now owns 276,688 shares of the medical instruments supplier's stock valued at $5,620,000 after acquiring an additional 127,195 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Lakeland Industries by 1,720.2% in the first quarter. Russell Investments Group Ltd. now owns 114,017 shares of the medical instruments supplier's stock valued at $2,316,000 after acquiring an additional 107,753 shares in the last quarter. Finally, Expect Equity LLC grew its stake in shares of Lakeland Industries by 29.9% in the first quarter. Expect Equity LLC now owns 91,952 shares of the medical instruments supplier's stock valued at $1,868,000 after acquiring an additional 21,167 shares in the last quarter. 71.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on LAKE. DA Davidson decreased their price target on shares of Lakeland Industries from $23.00 to $20.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. Zacks Research upgraded shares of Lakeland Industries from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 17th. Lake Street Capital set a $26.00 price target on shares of Lakeland Industries and gave the company a "buy" rating in a research note on Tuesday, June 10th. Finally, Wall Street Zen upgraded shares of Lakeland Industries from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Lakeland Industries has an average rating of "Buy" and an average target price of $25.00.

Lakeland Industries Trading Up 0.6%

LAKE opened at $14.85 on Thursday. Lakeland Industries, Inc. has a twelve month low of $12.76 and a twelve month high of $27.28. The company has a 50-day simple moving average of $14.66 and a 200 day simple moving average of $16.13. The company has a quick ratio of 1.41, a current ratio of 3.66 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $142.11 million, a price-to-earnings ratio of -5.42 and a beta of 1.11.

Lakeland Industries (NASDAQ:LAKE - Get Free Report) last posted its quarterly earnings data on Tuesday, September 9th. The medical instruments supplier reported $0.36 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.40. Lakeland Industries had a negative net margin of 11.22% and a negative return on equity of 3.07%. The business had revenue of $52.50 million during the quarter, compared to analysts' expectations of $54.59 million. Lakeland Industries has set its FY 2026 guidance at EPS. Analysts predict that Lakeland Industries, Inc. will post 0.48 EPS for the current fiscal year.

Lakeland Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 15th were issued a $0.03 dividend. 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 is -4.38%.

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.

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