Should I buy or sell Lakeland Industries stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lakeland Industries in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" LAKE shares. View LAKE analyst ratings or view top-rated stocks .

What is Lakeland Industries' stock price target for 2024?

1 equities research analysts have issued 1-year target prices for Lakeland Industries' stock. Their LAKE share price targets range from $25.00 to $25.00. On average, they expect the company's share price to reach $25.00 in the next year. This suggests a possible upside of 73.3% from the stock's current price. View analysts price targets for LAKE or view top-rated stocks among Wall Street analysts .

How have LAKE shares performed in 2023?

Lakeland Industries' stock was trading at $13.30 at the start of the year. Since then, LAKE stock has increased by 8.5% and is now trading at $14.43. View the best growth stocks for 2023 here .

Are investors shorting Lakeland Industries?

Lakeland Industries saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 72,500 shares, an increase of 65.5% from the October 31st total of 43,800 shares. Based on an average daily volume of 22,200 shares, the days-to-cover ratio is presently 3.3 days. Currently, 1.1% of the company's shares are sold short. View Lakeland Industries' Short Interest .

When is Lakeland Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 6th 2023. View our LAKE earnings forecast .

How can I listen to Lakeland Industries' earnings call?

Lakeland Industries will be holding an earnings conference call on Thursday, December 7th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 919-882-2331 with passcode "49524".

How were Lakeland Industries' earnings last quarter?

Lakeland Industries, Inc. (NASDAQ:LAKE) released its earnings results on Wednesday, September, 6th. The medical instruments supplier reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.09. The medical instruments supplier had revenue of $33.07 million for the quarter, compared to analyst estimates of $30.80 million. Lakeland Industries had a net margin of 4.53% and a trailing twelve-month return on equity of 4.50%.

How often does Lakeland Industries pay dividends? What is the dividend yield for Lakeland Industries?

Lakeland Industries declared a quarterly dividend on Wednesday, November 1st. Investors of record on Wednesday, November 15th will be given a dividend of $0.03 per share on Wednesday, November 22nd. This represents a $0.12 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Tuesday, November 14th. Read our dividend analysis for LAKE .

Is Lakeland Industries a good dividend stock?

Lakeland Industries (NASDAQ:LAKE) pays an annual dividend of $0.12 per share and currently has a dividend yield of 0.84%. The dividend payout ratio is 16.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LAKE will have a dividend payout ratio of 10.00% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for LAKE .

What is Charles D. Roberson's approval rating as Lakeland Industries' CEO?

2 employees have rated Lakeland Industries Chief Executive Officer Charles D. Roberson on Glassdoor.com . Charles D. Roberson has an approval rating of 50% among the company's employees. This puts Charles D. Roberson in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Lakeland Industries own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Lakeland Industries investors own include NVIDIA (NVDA) , Advanced Micro Devices (AMD) , Gilead Sciences (GILD) , Micron Technology (MU) , Block (SQ) , AbbVie (ABBV) , Intel (INTC) , Pfizer (PFE) , Novavax (NVAX) and AT&T (T) .

Who are Lakeland Industries' major shareholders?

Lakeland Industries' stock is owned by a number of retail and institutional investors. Top institutional investors include Private Capital Management LLC (16.82%), Pacific Ridge Capital Partners LLC (7.61%), Royal Bank of Canada (0.58%), FMR LLC (0.53%), Bailard Inc. (0.20%) and Barclays PLC (0.05%). Insiders that own company stock include Allen E Dillard, An Hui and Christopher James Ryan. View institutional ownership trends .

How do I buy shares of Lakeland Industries?

Shares of LAKE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Lakeland Industries Stock Price, News & Analysis (NASDAQ:LAKE)

$14.43

+0.31 (+2.20%)

(As of 11/28/2023 ET)

Compare

Today's Range: $14.17
▼
$14.50
50-Day Range: $13.95
▼
$15.49
52-Week Range: $10.60
▼
$16.07

Volume: 16,500 shs
Average Volume: 17,996 shs
Market Capitalization: $106.20 million

P/E Ratio: 20.32
Dividend Yield: 0.83%
Price Target: $25.00

Lakeland Industries MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 73.3% Upside
$25.00 Price Target
Short Interest: Healthy
1.06% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -1.24
Upright™ Environmental Score
News Sentiment: 0.47
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 14.29%
From $1.05 to $1.20 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.99 out of 5 stars

Industrial Products Sector

12th out of 175 stocks

Surgical Appliances & Supplies Industry

2nd out of 19 stocks

3.5

Analyst's Opinion

Consensus Rating
Lakeland Industries has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $25.00, Lakeland Industries has a forecasted upside of 73.3% from its current price of $14.43.
Amount of Analyst Coverage
Lakeland Industries has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.06% of the float of Lakeland Industries has been sold short.
Short Interest Ratio / Days to Cover
Lakeland Industries has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Lakeland Industries has recently increased by 65.53%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Yield
Lakeland Industries has a dividend yield of 0.84%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Lakeland Industries does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Lakeland Industries is 16.90%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Lakeland Industries will have a dividend payout ratio of 10.00% next year. This indicates that Lakeland Industries will be able to sustain or increase its dividend.

4.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Lakeland Industries has received a 79.79% net impact score from Upright. The largest positive contribution comes from its "Physical diseases" impact, which is mostly driven by its "Flame resistant clothing", "Protective clothing", and "Enhanced visibility clothing" products. See details.
Environmental Sustainability
The Environmental Impact score for Lakeland Industries is -1.24.

1.9

News and Social Media Coverage

News Sentiment
Lakeland Industries has a news sentiment score of 0.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.60 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Lakeland Industries this week, compared to 4 articles on an average week.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Lakeland Industries insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 6.10% of the stock of Lakeland Industries is held by insiders.
Percentage Held by Institutions
73.48% of the stock of Lakeland Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Lakeland Industries are expected to grow by 14.29% in the coming year, from $1.05 to $1.20 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Lakeland Industries is 20.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.62.
Price to Earnings Ratio vs. Sector
The P/E ratio of Lakeland Industries is 20.32, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.41.
Price to Book Value per Share Ratio
Lakeland Industries has a P/B Ratio of 0.88. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Lakeland Industries Stock (NASDAQ:LAKE)

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. The company also provides durable woven garments, including electrostatic dissipative apparel used in electronics clean rooms; flame resistant meta aramid, para aramid, and FR cotton coveralls/pants/jackets used in petrochemical, refining operations, and electrical utilities; FR fabrics; and cotton and polycotton coveralls, lab coats, pants, and shirts. In addition, it provides high visibility clothing comprising reflective apparel, including vests, T-shirts, sweatshirts, jackets, coats, raingear, jumpsuits, hats, and gloves; and gloves and sleeves that are used in the automotive, glass, and metal fabrication industries. The company sells its products to a network of approximately 1,600 safety and industrial supply distributors through in-house sales teams, customer service group, and independent sales representatives. It serves end users, such as integrated oil, chemical/petrochemical, automobile, steel, glass, construction, smelting, cleanroom, janitorial, pharmaceutical, and high technology electronics manufacturers, as well as scientific, medical laboratories, and the utilities industry; and federal, state, and local governmental agencies and departments. The company was incorporated in 1982 and is headquartered in Huntsville, Alabama.

LAKE Stock Price History

30 days | 90 days | 365 days | Advanced Chart

LAKE Stock News Headlines

November 25, 2023 | americanbankingnews.com

Lakeland Industries (NASDAQ:LAKE) Upgraded by StockNews.com to "Buy"

November 24, 2023 | finance.yahoo.com

Workwear Market Global Market Forecast to 2028 - Healthcare Sector Drives Workwear Market Growth

November 29, 2023 | RYSE INC. (Ad)

Secure your stake in the Smart Home industry.

Last chance to invest in RYSE – the shade automation technology launching in over 100 Best Buy stores this month.

November 22, 2023 | msn.com

Hundreds of businesses folded in South Lakeland in 2022 – as record number of companies close across the UK

November 22, 2023 | finance.yahoo.com

Workwear Market Surges Amidst Safety Concerns - US$ 45 Billion Projected Value by 2028

November 22, 2023 | finance.yahoo.com

Lakeland Industries to Report Fiscal 2024 Third Quarter Financial Results and Conduct Conference Call

November 21, 2023 | msn.com

Jobless rate in October suggests Polk is adding people faster than it's adding new jobs

November 13, 2023 | finanznachrichten.de

Lakeland Industries, Inc.: Lakeland Industries to Present and Host 1x1 Investor Meetings at the Sidoti Virtual Micro-Cap Conference on November 15-16

November 29, 2023 | RYSE INC. (Ad)

Secure your stake in the Smart Home industry.

Last chance to invest in RYSE – the shade automation technology launching in over 100 Best Buy stores this month.

November 13, 2023 | finance.yahoo.com

Lakeland Industries to Present and Host 1x1 Investor Meetings at the Sidoti Virtual Micro-Cap Conference on November 15-16

November 9, 2023 | thestreet.com

Lakeland Industries Continues To Surge Amid Ebola Fears

November 1, 2023 | finance.yahoo.com

Lakeland Industries Declares Cash Dividend for Fourth Quarter 2024

October 30, 2023 | benzinga.com

Flame Retardant Apparel Market to Reach US$ 7.83 Billion at 7% CAGR by 2033: Fact.MR Report

October 24, 2023 | finanznachrichten.de

Lakeland Industries, Inc.: Lakeland Industries to Attend A+A 2023 Trade Fair

October 24, 2023 | finance.yahoo.com

Lakeland Industries to Attend A+A 2023 Trade Fair

October 19, 2023 | msn.com

Lakeland Industries announces departure of CEO Charles Roberson

October 19, 2023 | finance.yahoo.com

Lakeland Industries Announces Executive Leadership Changes

October 18, 2023 | msn.com

Lakeland Industries (LAKE) Is a Great Choice for 'Trend' Investors, Here's Why

October 16, 2023 | benzinga.com

Industrial Personal Protective Equipment Market worth $ 108.96 Bn by 2030 - Exclusive Report by The Insight Partners

October 10, 2023 | finance.yahoo.com

3 Top Stocks to Ride the Buoyancy in Security and Safety Services Industry

October 5, 2023 | finance.yahoo.com

Investors in Lakeland Industries (NASDAQ:LAKE) have unfortunately lost 30% over the last three years

September 27, 2023 | finance.yahoo.com

Here's Why Momentum in Lakeland Industries (LAKE) Should Keep going

September 18, 2023 | finance.yahoo.com

Lakeland Industries, Inc. (NASDAQ:LAKE) is largely controlled by institutional shareholders who own 70% of the company

September 14, 2023 | seekingalpha.com

Lakeland Industries: M&A Unlikely To Provide Consistently High Returns

September 11, 2023 | finance.yahoo.com

Here's What Could Help Lakeland Industries (LAKE) Maintain Its Recent Price Strength

September 11, 2023 | finance.yahoo.com

Lakeland Industries (LAKE) Upgraded to Strong Buy: Here's Why

September 8, 2023 | finance.yahoo.com

Lakeland Industries, Inc. (NASDAQ:LAKE) Q2 2024 Earnings Call Transcript

See More Headlines

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Company Calendar

Last Earnings: 9/06/2023
Ex-Dividend for 11/22 Dividend: 11/14/2023
Dividend Payable: 11/22/2023
Today: 11/28/2023
Next Earnings (Confirmed): 12/06/2023
Fiscal Year End: 1/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Surgical appliances & supplies
Sub-Industry: N/A
Sector: Industrial Products
Current Symbol: NASDAQ:LAKE
CUSIP: N/A
CIK: 798081
Web: www.lakeland.com
Phone: (256) 350-3873
Fax: 631-981-9751
Employees: 1,600
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $25.00
High Stock Price Target: $25.00
Low Stock Price Target: $25.00
Potential Upside/Downside: +74.7%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.71
Trailing P/E Ratio: 20.16
Forward P/E Ratio: 13.63
P/E Growth: N/A
Net Income: $1.87 million
Net Margins: 4.53%
Pretax Margin: 6.58%
Return on Equity: 4.50%
Return on Assets: 3.78%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 5.70
Quick Ratio: 2.63

Sales & Book Value

Annual Sales: $112.85 million
Price / Sales: 0.93
Cash Flow: $0.73 per share
Price / Cash Flow: 19.48
Book Value: $16.39 per share
Price / Book: 0.87

Miscellaneous

Outstanding Shares: 7,360,000
Free Float: 6,916,000
Market Cap: $105.32 million
Optionable: Optionable
Beta: 0.57

12 Stocks Corporate Insiders are Abandoning

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Key Executives

Mr. James M. Jenkins J.D. (Age 59)
Executive Chairman
Comp: $108k
Mr. Charles D. Roberson (Age 60)
President, CEO, Secretary & Director
Comp: $502.82k
Mr. Roger D. Shannon C.F.A. (Age 57)
CPA, Chief Financial Officer
Ms. Hui An (Age 49)
Chief Operating Officer
Mr. Joshua J. Sletten
Vice President of Corporate Development
Mr. Daniel L Edwards (Age 56)
Senior Vice President of Global Business Development

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

LAKE Stock Analysis - Frequently Asked Questions

Should I buy or sell Lakeland Industries stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lakeland Industries in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" LAKE shares.
View LAKE analyst ratings or view top-rated stocks.
What is Lakeland Industries' stock price target for 2024?: 1 equities research analysts have issued 1-year target prices for Lakeland Industries' stock. Their LAKE share price targets range from $25.00 to $25.00. On average, they expect the company's share price to reach $25.00 in the next year. This suggests a possible upside of 73.3% from the stock's current price.
View analysts price targets for LAKE or view top-rated stocks among Wall Street analysts.
How have LAKE shares performed in 2023?: Lakeland Industries' stock was trading at $13.30 at the start of the year. Since then, LAKE stock has increased by 8.5% and is now trading at $14.43.
View the best growth stocks for 2023 here.
Are investors shorting Lakeland Industries?: Lakeland Industries saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 72,500 shares, an increase of 65.5% from the October 31st total of 43,800 shares. Based on an average daily volume of 22,200 shares, the days-to-cover ratio is presently 3.3 days. Currently, 1.1% of the company's shares are sold short.
View Lakeland Industries' Short Interest.
When is Lakeland Industries' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 6th 2023.
View our LAKE earnings forecast.
How can I listen to Lakeland Industries' earnings call?: Lakeland Industries will be holding an earnings conference call on Thursday, December 7th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 919-882-2331 with passcode "49524".
How were Lakeland Industries' earnings last quarter?: Lakeland Industries, Inc. (NASDAQ:LAKE) released its earnings results on Wednesday, September, 6th. The medical instruments supplier reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.09. The medical instruments supplier had revenue of $33.07 million for the quarter, compared to analyst estimates of $30.80 million. Lakeland Industries had a net margin of 4.53% and a trailing twelve-month return on equity of 4.50%.

How often does Lakeland Industries pay dividends? What is the dividend yield for Lakeland Industries?: Lakeland Industries declared a quarterly dividend on Wednesday, November 1st. Investors of record on Wednesday, November 15th will be given a dividend of $0.03 per share on Wednesday, November 22nd. This represents a $0.12 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Tuesday, November 14th.
Read our dividend analysis for LAKE.
Is Lakeland Industries a good dividend stock?: Lakeland Industries (NASDAQ:LAKE) pays an annual dividend of $0.12 per share and currently has a dividend yield of 0.84%. The dividend payout ratio is 16.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LAKE will have a dividend payout ratio of 10.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LAKE.
What is Charles D. Roberson's approval rating as Lakeland Industries' CEO?: 2 employees have rated Lakeland Industries Chief Executive Officer Charles D. Roberson on Glassdoor.com. Charles D. Roberson has an approval rating of 50% among the company's employees. This puts Charles D. Roberson in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Lakeland Industries own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Lakeland Industries investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Gilead Sciences (GILD), Micron Technology (MU), Block (SQ), AbbVie (ABBV), Intel (INTC), Pfizer (PFE), Novavax (NVAX) and AT&T (T).
Who are Lakeland Industries' major shareholders?: Lakeland Industries' stock is owned by a number of retail and institutional investors. Top institutional investors include Private Capital Management LLC (16.82%), Pacific Ridge Capital Partners LLC (7.61%), Royal Bank of Canada (0.58%), FMR LLC (0.53%), Bailard Inc. (0.20%) and Barclays PLC (0.05%). Insiders that own company stock include Allen E Dillard, An Hui and Christopher James Ryan.
View institutional ownership trends.
How do I buy shares of Lakeland Industries?: Shares of LAKE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:LAKE) was last updated on 11/29/2023 by MarketBeat.com Staff

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