NASDAQ:LAKE

Lakeland Industries (LAKE) Stock Forecast, Price & News

$15.15

+0.04 (+0.26%)

(As of 10/3/2023 ET)

Compare

Today's Range: $15.12
▼
$15.30
50-Day Range: $13.75
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$15.47
52-Week Range: $10.60
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$16.07

Volume: 13,879 shs
Average Volume: 32,354 shs
Market Capitalization: $111.50 million

P/E Ratio: 21.34
Dividend Yield: 0.79%
Price Target: $25.00

Lakeland Industries MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 65.0% Upside
$25.00 Price Target
Short Interest: Bearish
1.01% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -1.24
Upright™ Environmental Score
News Sentiment: 0.68
Based on 3 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.

2.78 out of 5 stars

Industrial Products Sector

28th out of 180 stocks

Surgical Appliances & Supplies Industry

5th out of 21 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 65.0% from its current price of $15.15.
Amount of Analyst Coverage
Lakeland Industries has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
1.01% 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 4.2.
Change versus previous month
Short interest in Lakeland Industries has recently increased by 21.09%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Yield
Lakeland Industries has a dividend yield of 0.80%, 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.

2.0

News and Social Media Coverage

News Sentiment
Lakeland Industries has a news sentiment score of 0.68. 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 news sentiment score is similar to the average news sentiment of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Lakeland Industries this week, compared to 4 articles on an average week.
Search Interest
2 people have searched for LAKE on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Lakeland Industries to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

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.

2.5

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 21.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.19.
Price to Earnings Ratio vs. Sector
The P/E ratio of Lakeland Industries is 21.34, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 17.77.
Price to Book Value per Share Ratio
Lakeland Industries has a P/B Ratio of 0.92. 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 (NASDAQ:LAKE) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

LAKE Stock News Headlines

September 29, 2023 | americanbankingnews.com

Lakeland Industries (NASDAQ:LAKE) Stock Price Crosses Above Two Hundred Day Moving Average of $13.76

September 27, 2023 | finance.yahoo.com

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

October 4, 2023 | Edge On The Street (Ad)

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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

October 4, 2023 | Wall Street Fundamentals (Ad)

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September 7, 2023 | finance.yahoo.com

Q2 2024 Lakeland Industries Inc Earnings Call

September 6, 2023 | finance.yahoo.com

Lakeland Industries, Inc. Reports Fiscal 2024 Second Quarter Financial Results

September 6, 2023 | finance.yahoo.com

Lakeland Industries (LAKE) Beats Q2 Earnings and Revenue Estimates

September 3, 2023 | msn.com

Lakeland: Trading At A Discount Despite Improving Financials

September 1, 2023 | thestreet.com

Why Lakeland Industries (LAKE) Stock Is Surging in Pre-Market Trading Today

August 29, 2023 | ca.finance.yahoo.com

Lakeland Industries, Inc. (LLI.F)

August 28, 2023 | finance.yahoo.com

Favourable Signals For Lakeland Industries: Numerous Insiders Acquired Stock

August 28, 2023 | finanznachrichten.de

Lakeland Industries, Inc.: Lakeland Industries to Report Fiscal 2024 Second Quarter Financial Results and Conduct Conference Call

August 28, 2023 | finance.yahoo.com

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

August 21, 2023 | finance.yahoo.com

Lakeland Industries to Present and Host 1x1 Investor Meetings at the 14th Annual Midwest IDEAS Investor Conference on August 24th in Chicago, IL

August 12, 2023 | finance.yahoo.com

Lakeland Industries (NASDAQ:LAKE) Could Be Struggling To Allocate Capital

August 8, 2023 | finance.yahoo.com

JF Petroleum Group Acquires Miller Construction Management Inc., A Premier Florida General Contracting Firm

August 1, 2023 | finance.yahoo.com

Lakeland Industries Declares Cash Dividend for Third Quarter 2024

July 25, 2023 | finance.yahoo.com

Lakeland Industries (LAKE) Upgraded to Strong Buy: Here's What You Should Know

July 21, 2023 | finance.yahoo.com

Zacks Industry Outlook Highlights Johnson Controls, Brady and Lakeland

June 20, 2023 | finance.yahoo.com

Is Lakeland Industries (LAKE) a Solid Growth Stock? 3 Reasons to Think "Yes"

June 12, 2023 | finance.yahoo.com

Lakeland Industries, Inc. (NASDAQ:LAKE) Q1 2024 Earnings Call Transcript

June 10, 2023 | msn.com

Lakeland Industries: Strong Balance Sheet Should Help Navigate Current And Potential Headwinds

See More Headlines

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LAKE Company Calendar

Ex-Dividend for 8/22 Dividend: 8/14/2023
Dividend Payable: 8/22/2023
Last Earnings: 9/06/2023
Today: 10/03/2023
Next Earnings (Estimated): 12/14/2023
Fiscal Year End: 1/31/2024

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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 Forecast: $25.00
High Stock Price Forecast: $25.00
Low Stock Price Forecast: $25.00
Forecasted Upside/Downside: +65.0%
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: 21.34
Forward P/E Ratio: 14.43
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: 0.99
Cash Flow: $0.74 per share
Price / Cash Flow: 20.51
Book Value: $16.39 per share
Price / Book: 0.92

Miscellaneous

Outstanding Shares: 7,360,000
Free Float: 6,916,000
Market Cap: $111.50 million
Optionable: Optionable
Beta: 0.55

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Key Executives

Mr. James M. Jenkins J.D. (Age 59)
Exec. Chairman
Comp: $108k

Mr. Charles D. Roberson (Age 60)
Pres, CEO, Sec. & 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
VP of Corp. Devel.

Mr. Daniel L Edwards (Age 56)
Sr. VP of Global Bus. Devel.

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

LAKE Stock - Frequently Asked Questions

Should I buy or sell Lakeland Industries stock right now?: 1 Wall Street research 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 research analysts is that investors should "buy" LAKE shares.
View LAKE analyst ratings or view top-rated stocks.
What is Lakeland Industries' stock price forecast for 2023?: 1 brokerages have issued twelve-month target prices for Lakeland Industries' stock. Their LAKE share price forecasts range from $25.00 to $25.00. On average, they expect the company's stock price to reach $25.00 in the next twelve months. This suggests a possible upside of 65.0% 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 beginning of the year. Since then, LAKE shares have increased by 13.9% and is now trading at $15.15.
View the best growth stocks for 2023 here.
Are investors shorting Lakeland Industries?: Lakeland Industries saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 68,900 shares, an increase of 21.1% from the August 31st total of 56,900 shares. Based on an average daily volume of 16,500 shares, the short-interest ratio is currently 4.2 days. Approximately 1.0% of the shares of the company are short sold.
View Lakeland Industries' Short Interest.
When is Lakeland Industries' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, December 14th 2023.
View our LAKE earnings forecast.
How were Lakeland Industries' earnings last quarter?: Lakeland Industries, Inc. (NASDAQ:LAKE) issued its quarterly earnings data on Wednesday, September, 6th. The medical instruments supplier reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.09. The medical instruments supplier earned $33.07 million during the quarter, compared to the consensus estimate of $30.80 million. Lakeland Industries had a trailing twelve-month return on equity of 4.50% and a net margin of 4.53%.
How often does Lakeland Industries pay dividends? What is the dividend yield for Lakeland Industries?: Lakeland Industries declared a quarterly dividend on Tuesday, August 1st. Investors of record on Tuesday, August 15th will be paid a dividend of $0.03 per share on Tuesday, August 22nd. This represents a $0.12 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Monday, August 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 0.80%. 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).
What is Lakeland Industries' stock symbol?: Lakeland Industries trades on the NASDAQ under the ticker symbol "LAKE."
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.
What is Lakeland Industries' stock price today?: One share of LAKE stock can currently be purchased for approximately $15.15.
How much money does Lakeland Industries make?: Lakeland Industries (NASDAQ:LAKE) has a market capitalization of $111.50 million and generates $112.85 million in revenue each year. The medical instruments supplier earns $1.87 million in net income (profit) each year or $0.71 on an earnings per share basis.
How many employees does Lakeland Industries have?: The company employs 1,600 workers across the globe.
How can I contact Lakeland Industries?: Lakeland Industries' mailing address is 202 PRIDE LANE SW, DECATUR AL, 35603. The official website for the company is www.lakeland.com. The medical instruments supplier can be reached via phone at (256) 350-3873, via email at lake@alpha-ir.com, or via fax at 631-981-9751.

This page (NASDAQ:LAKE) was last updated on 10/4/2023 by MarketBeat.com Staff

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