Lakeland Industries (NASDAQ:LAKE) Issues Quarterly Earnings Results

Lakeland Industries (NASDAQ:LAKE - Get Free Report) announced its quarterly earnings results on Wednesday. The medical instruments supplier reported ($0.54) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.97), Zacks reports. The company had revenue of $46.60 million for the quarter, compared to analysts' expectations of $47.10 million. Lakeland Industries had a negative net margin of 0.42% and a positive return on equity of 1.66%. During the same period in the previous year, the business earned $0.72 EPS. Lakeland Industries updated its FY 2026 guidance to EPS.

Lakeland Industries Trading Down 0.5 %

LAKE stock traded down $0.08 during mid-day trading on Monday, reaching $15.95. 113,884 shares of the stock traded hands, compared to its average volume of 60,664. The stock has a market capitalization of $151.51 million, a PE ratio of -177.22 and a beta of 0.86. Lakeland Industries has a one year low of $15.10 and a one year high of $27.28. The business has a 50-day moving average price of $20.91 and a two-hundred day moving average price of $21.83. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.77 and a current ratio of 4.23.

Lakeland Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Monday, February 17th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Friday, February 14th. Lakeland Industries's payout ratio is -5.04%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LAKE shares. Roth Mkm boosted their price target on Lakeland Industries from $27.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. DA Davidson assumed coverage on Lakeland Industries in a report on Wednesday, March 26th. They set a "buy" rating and a $28.00 price target on the stock. Finally, Lake Street Capital started coverage on shares of Lakeland Industries in a report on Tuesday, March 11th. They issued a "buy" rating and a $30.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $28.25.

Insider Buying and Selling

In related news, insider Laurel A. Yartz purchased 2,272 shares of the business's stock in a transaction dated Wednesday, January 22nd. The shares were purchased at an average cost of $22.00 per share, for a total transaction of $49,984.00. Following the completion of the acquisition, the insider now owns 9,772 shares in the company, valued at approximately $214,984. This trade represents a 30.29 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Nikki Hamblin bought 1,590 shares of Lakeland Industries stock in a transaction dated Wednesday, January 22nd. The shares were bought at an average cost of $22.00 per share, for a total transaction of $34,980.00. Following the completion of the transaction, the director now owns 17,452 shares of the company's stock, valued at approximately $383,944. This trade represents a 10.02 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 7,998 shares of company stock valued at $177,186 in the last ninety days. 4.20% of the stock is owned by company insiders.

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.