Peapod Lane Capital LLC Acquires Shares of 68,323 Lakeland Industries, Inc. $LAKE

Peapod Lane Capital LLC acquired a new stake in Lakeland Industries, Inc. (NASDAQ:LAKE) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 68,323 shares of the medical instruments supplier’s stock, valued at approximately $604,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its stake in Lakeland Industries by 87.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,795 shares of the medical instruments supplier’s stock valued at $27,000 after buying an additional 839 shares during the last quarter. First Trust Advisors LP increased its stake in Lakeland Industries by 4.2% in the 2nd quarter. First Trust Advisors LP now owns 28,554 shares of the medical instruments supplier’s stock valued at $389,000 after buying an additional 1,149 shares during the last quarter. Rhumbline Advisers increased its stake in Lakeland Industries by 16.0% in the 3rd quarter. Rhumbline Advisers now owns 13,415 shares of the medical instruments supplier’s stock valued at $199,000 after buying an additional 1,853 shares during the last quarter. American Century Companies Inc. increased its stake in Lakeland Industries by 20.9% in the 2nd quarter. American Century Companies Inc. now owns 15,762 shares of the medical instruments supplier’s stock valued at $215,000 after buying an additional 2,722 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in Lakeland Industries by 189.9% in the 2nd quarter. Bank of America Corp DE now owns 4,177 shares of the medical instruments supplier’s stock valued at $57,000 after buying an additional 2,736 shares during the last quarter. Hedge funds and other institutional investors own 71.69% of the company’s stock.

More Lakeland Industries News

Here are the key news stories impacting Lakeland Industries this week:

• Positive Sentiment: DA Davidson upgraded LAKE to a Buy, which could support upside if investors focus on the firm’s growth outlook and valuation. Lakeland Industries (NASDAQ:LAKE) Raised to Buy at DA Davidson
• Neutral Sentiment: Multiple plaintiff law firms have issued deadline alerts (April 24) asking Lakeland investors to contact them about joining/leading a securities class action — procedural notices that increase headline volume but by themselves do not change the legal merits. Faruqi & Faruqi Deadline Reminder
• Negative Sentiment: A class action has been filed alleging Lakeland and certain officers violated federal securities laws for purchases between Dec. 1, 2023 and Dec. 9, 2025; such litigation raises legal costs, distracts management, and can pressure the stock. Bronstein, Gewirtz & Grossman: Class Action Filed
• Negative Sentiment: Analyst commentary and short reports highlight repeated misses (five consecutive quarters falling short of consensus) and a disconnect between management’s prior guidance and results—narratives fueling downgrades and selling pressure. Wall Street Downgrades — SueWallSt
• Negative Sentiment: Plaintiffs’ counsel points to a sharp miss vs. an $18M adjusted?EBITDA promise for FY?2025 (characterized as producing a large per?share loss), strengthening the alleged misrepresentation claim. Levi & Korsinsky: EBITDA Promise vs Reality

Lakeland Industries Trading Down 5.4%

Shares of LAKE stock opened at $10.15 on Friday. The company has a 50 day moving average of $9.00 and a 200-day moving average of $11.22. The company has a quick ratio of 1.36, a current ratio of 3.53 and a debt-to-equity ratio of 0.24. Lakeland Industries, Inc. has a 12-month low of $7.15 and a 12-month high of $20.50. The firm has a market cap of $99.88 million, a P/E ratio of -3.93 and a beta of 1.34.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Lakeland Industries in a research note on Thursday, January 22nd. Zacks Research upgraded shares of Lakeland Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. DA Davidson upgraded shares of Lakeland Industries from a “neutral” rating to a “buy” rating and increased their price objective for the company from $10.00 to $14.00 in a research note on Monday. Maxim Group set a $16.00 price objective on shares of Lakeland Industries in a research note on Monday. Finally, Lake Street Capital decreased their price objective on shares of Lakeland Industries from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, April 17th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $15.20.

About Lakeland Industries

Lakeland Industries, Inc (NASDAQ:LAKE) is a global provider of high-performance protective apparel and accessories designed to safeguard workers in industrial, healthcare, laboratory, and emergency response environments. The company’s expertise lies in producing garments that shield against chemical, biological, radiological, and thermal risks, supporting safety protocols in sectors such as oil and gas, petrochemicals, pharmaceuticals, and first responders.

The product portfolio encompasses both single-use and reusable solutions, including chemical protective coveralls, flame-resistant garments, arc flash clothing, medical isolation gowns, and cleanroom suits.