Lakeland Industries (NASDAQ:LAKE) Posts Quarterly Earnings Results

Lakeland Industries (NASDAQ:LAKE) announced its quarterly earnings results on Wednesday. The medical instruments supplier reported ($0.54) EPS for the quarter, missing the consensus estimate of $0.43 by ($0.97), Zacks reports. Lakeland Industries had a negative net margin of 0.42% and a positive return on equity of 1.66%. The firm had revenue of $46.60 million for the quarter, compared to analysts’ expectations of $47.10 million. During the same quarter in the prior year, the business posted $0.72 EPS. Lakeland Industries updated its FY 2026 guidance to EPS.

Lakeland Industries Stock Down 14.3 %

NASDAQ:LAKE opened at $15.72 on Friday. The company’s 50 day moving average is $21.21 and its two-hundred day moving average is $21.88. The company has a market cap of $149.32 million, a PE ratio of -174.67 and a beta of 0.86. Lakeland Industries has a twelve month low of $15.10 and a twelve month high of $27.28. The company has a current ratio of 4.23, a quick ratio of 1.77 and a debt-to-equity ratio of 0.25.

Lakeland Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Monday, February 17th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Friday, February 14th. Lakeland Industries’s dividend payout ratio (DPR) is presently -133.33%.

Insider Transactions at Lakeland Industries

In other news, insider Laurel A. Yartz purchased 2,272 shares of the stock in a transaction on Wednesday, January 22nd. The stock was bought at an average price of $22.00 per share, with a total value of $49,984.00. Following the transaction, the insider now owns 9,772 shares in the company, valued at $214,984. The trade was a 30.29 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nikki Hamblin purchased 1,590 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were purchased at an average price of $22.00 per share, for a total transaction of $34,980.00. Following the purchase, the director now owns 17,452 shares in the company, valued at approximately $383,944. The trade was a 10.02 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 7,998 shares of company stock worth $177,186. Company insiders own 4.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Lake Street Capital began coverage on shares of Lakeland Industries in a research report on Tuesday, March 11th. They set a “buy” rating and a $30.00 target price on the stock. DA Davidson began coverage on Lakeland Industries in a research note on Wednesday, March 26th. They set a “buy” rating and a $28.00 price objective for the company. Finally, Roth Mkm boosted their target price on shares of Lakeland Industries from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $28.25.

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.