Lakeland Industries (NASDAQ:LAKE) Releases Earnings Results, Beats Expectations By $0.40 EPS

Key Points

• Lakeland Industries reported an EPS of $0.36 for the quarter, exceeding analysts' expectations by $0.40, despite a negative net margin of 13.31%.
• The company's stock price fell by 3.3% to $14.51, and it has had a volatile fifty-two week range with lows of $12.76 and highs of $27.28.
• Lakeland Industries declared a quarterly dividend of $0.03 per share, representing an annual yield of 0.8%, but has a negative payout ratio of -3.99%.

Lakeland Industries (NASDAQ:LAKE - Get Free Report) released its quarterly earnings data on Tuesday. The medical instruments supplier reported $0.36 EPS for the quarter, topping analysts' consensus estimates of ($0.04) by $0.40, Zacks reports. The business had revenue of $52.50 million during the quarter, compared to the consensus estimate of $54.59 million. Lakeland Industries had a negative return on equity of 3.07% and a negative net margin of 11.22%. Lakeland Industries updated its FY 2026 guidance to EPS.

Lakeland Industries Stock Up 2.7%

NASDAQ:LAKE traded up $0.39 on Friday, reaching $14.63. The stock had a trading volume of 261,623 shares, compared to its average volume of 103,456. The company has a current ratio of 3.66, a quick ratio of 1.51 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average of $14.56 and a 200 day moving average of $16.50. The stock has a market cap of $140.01 million, a P/E ratio of -5.34 and a beta of 1.11. Lakeland Industries has a 12-month low of $12.76 and a 12-month high of $27.28.

Lakeland Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 15th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, August 15th. Lakeland Industries's dividend payout ratio is presently -4.38%.

Hedge Funds Weigh In On Lakeland Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in Lakeland Industries by 115.9% in the 2nd quarter. Geode Capital Management LLC now owns 217,786 shares of the medical instruments supplier's stock valued at $2,964,000 after buying an additional 116,901 shares during the last quarter. Marshall Wace LLP boosted its position in Lakeland Industries by 419.4% in the 2nd quarter. Marshall Wace LLP now owns 56,700 shares of the medical instruments supplier's stock valued at $772,000 after buying an additional 45,783 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Lakeland Industries by 42.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 44,435 shares of the medical instruments supplier's stock valued at $902,000 after buying an additional 13,219 shares during the last quarter. Jane Street Group LLC boosted its position in Lakeland Industries by 107.7% in the 1st quarter. Jane Street Group LLC now owns 40,180 shares of the medical instruments supplier's stock valued at $816,000 after buying an additional 20,832 shares during the last quarter. Finally, High Falls Advisors Inc raised its stake in shares of Lakeland Industries by 21.5% in the 2nd quarter. High Falls Advisors Inc now owns 34,099 shares of the medical instruments supplier's stock valued at $464,000 after purchasing an additional 6,038 shares in the last quarter. 71.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LAKE has been the subject of a number of research analyst reports. Lake Street Capital set a $26.00 price objective on Lakeland Industries and gave the stock a "buy" rating in a report on Tuesday, June 10th. Zacks Research raised shares of Lakeland Industries from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 14th. DA Davidson decreased their price target on shares of Lakeland Industries from $23.00 to $20.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Wall Street Zen raised shares of Lakeland Industries from a "sell" rating to a "hold" rating in a research report on Saturday. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $25.00.

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.