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Lakeland Industries
(NASDAQ:LAKE)
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Rating:52Neutral
Price Target:
$9.50
▼(-19.63% Downside)
Action:Reiterated
Date:10/07/26
LAKE scores in the low-50s primarily due to weak recent profitability and still-negative TTM cash flow despite a solid balance sheet. Technical indicators are largely neutral with some negative momentum signals. The latest earnings call improves the outlook modestly, supported by guidance for sequential growth, margin improvement, and an operational focus on positive cash flow, but execution and FX/order-timing risks remain meaningful.
Positive Factors
Fire segment growth and certification advantage
Fire is becoming a larger, more defensible growth engine as customers transition to updated NFPA standards and demand Lakeland’s certified head-to-toe portfolio. Comparable growth of about 10% supports stronger product relevance, repeat demand, and a higher-value mix over coming quarters.
Negative Factors
Deteriorated profitability and gross margin
Lakeland’s current loss-making position and materially lower gross margin indicate that earnings power has not yet recovered. Weaker pricing, mix, or cost absorption can limit reinvestment and make results more volatile until the targeted margin improvements translate into sustained profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Fire segment growth and certification advantage
Fire is becoming a larger, more defensible growth engine as customers transition to updated NFPA standards and demand Lakeland’s certified head-to-toe portfolio. Comparable growth of about 10% supports stronger product relevance, repeat demand, and a higher-value mix over coming quarters.
Read all positive factors
Lakeland Industries Key Performance Indicators (KPIs)
Any
Revenue by Geography
Shows where sales are coming from by region, exposing dependence on domestic versus international markets and potential concentration risk. Useful for assessing growth opportunities abroad, currency or economic exposure, and the impact of local demand swings on overall top‑line performance.
Shows where sales are coming from by region, exposing dependence on domestic versus international markets and potential concentration risk. Useful for assessing growth opportunities abroad, currency or economic exposure, and the impact of local demand swings on overall top‑line performance.
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The Fly
The FlyLakeland Industries (LAKE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$94.35M
Dividend Yield1.28%
Average Volume (3M)94.81K
Price to Earnings (P/E)―
Beta (1Y)1.58
Revenue Growth-0.35%
EPS Growth2.69%
CountryUS
Employees2,585
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)-2.76
Shares Outstanding9,931,346
10 Day Avg. Volume109,365
30 Day Avg. Volume94,809
Financial Highlights & Ratios
PEG Ratio-0.44
Price to Book (P/B)0.70
Price to Sales (P/S)0.47
P/FCF Ratio-5.52
Enterprise Value/Market Cap1.42
Enterprise Value/Revenue0.70
Enterprise Value/Gross Profit2.16
Enterprise Value/Ebitda-96.11
Forecast
1Y Price Target
$15.25Price Target Upside29.02% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)-0.28
Revenue Forecast (FY)$199.47M
Lakeland Industries Business Overview & Revenue Model
Company Description
Lakeland Industries, Inc., together with its subsidiaries, manufactures and sells industrial protective clothing and accessories for the industrial and first responder markets. It offers firefighter protective apparel and accessories; high-end che...
How the Company Makes Money
Lakeland Industries makes money primarily by selling PPE—especially protective clothing—through a mix of distribution channels and direct customer relationships. Revenue is generated from product sales across key categories that typically include:...
Lakeland Industries Earnings Call Summary
Earnings Call Date:Sep 09, 2026
(Q2-2027)
| % Change Since: |
Next Earnings Date:Dec 03, 2026
Earnings Call Sentiment Positive
The call was broadly optimistic, with management highlighting sequential improvement in revenue, gross margin, adjusted EBITDA, operating cash flow, inventory, Fire growth, tender wins, and the expansion of recurring-revenue Fire Services. Offsetting concerns included year-over-year revenue and adjusted EBITDA declines, higher operating expenses, foreign-exchange pressure, the LHD Germany impairment, expedited freight, and the expected shift of some Fire orders into the fourth quarter. Management nevertheless described the outlook as optimistic and expects sequential growth and further margin improvement.Positive Updates
Sequential Revenue, Margin, and Profitability Improvement
Second-quarter net sales were $50.1 million, down 4.5% year-over-year but up 5.7% sequentially from $47.4 million. Gross margin improved to 37% from 35.9% a year ago and 31.4% in the first quarter, while adjusted EBITDA excluding FX more than doubled sequentially to $2.7 million.
Negative Updates
Year-over-Year Revenue Decline
Second-quarter net sales were $50.1 million, down 4.5% from $52.5 million a year ago. The prior-year quarter also included a $3.1 million to $3.2 million Italian government tender and $3.7 million of revenue from divested product lines.
Read all updates
Q2-2027 Updates
Positive
Negative
Sequential Revenue, Margin, and Profitability Improvement
Second-quarter net sales were $50.1 million, down 4.5% year-over-year but up 5.7% sequentially from $47.4 million. Gross margin improved to 37% from 35.9% a year ago and 31.4% in the first quarter, while adjusted EBITDA excluding FX more than doubled sequentially to $2.7 million.
Read all positive updates
Company Guidance
Management expects the normalized gross margin run rate to be in the mid-30s, with continued improvement in the second half of the year and a little bit of improvement in Q3 and Q4; the tariff refund is not expected to have a significant impact to second half of the year. Management expects sequential growth from 2Q into 3Q and then 3Q into 4Q, the third quarter to be shaping up materially better year-over-year, and another quarter of sequential margin improvement, while remaining focused on generating positive cash flow from operations in fiscal 2027 and driving sustainable margin and EBITDA improvement. Certain fire orders are expected to shift into the fourth quarter, and there may be some near-term impact from repositioning parts of the portfolio and reallocating capital. Operating expenses are targeted for the mid to high 20s as opposed to the 30%, 32% level this quarter. Greenfield Fire Services locations require roughly $350,000 to $500,000 of capital, generally reach capacity at between probably $2.5 million to $3.5 million, and could support $5 million or $6 million of revenue per quarter.Lakeland Industries Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 190.96M | 192.65M | 167.21M | 124.69M | 112.85M | 118.39M |
| Gross Profit | 62.29M | 63.33M | 68.67M | 51.19M | 45.85M | 50.91M |
| EBITDA | -1.40M | -2.40M | -13.39M | 11.52M | 7.01M | 18.04M |
| Net Income | -26.72M | -25.31M | -18.07M | 5.42M | 1.87M | 11.37M |
Balance Sheet | ||||||
| Total Assets | 206.53M | 209.93M | 212.53M | 153.75M | 142.94M | 140.79M |
| Cash, Cash Equivalents and Short-Term Investments | 17.90M | 12.52M | 17.48M | 25.22M | 24.64M | 52.72M |
| Total Debt | 38.94M | 47.29M | 31.65M | 12.31M | 5.24M | 4.92M |
| Total Liabilities | 81.42M | 80.81M | 65.91M | 30.30M | 22.95M | 15.69M |
| Stockholders Equity | 125.11M | 129.13M | 146.63M | 123.45M | 119.99M | 125.10M |
Cash Flow | ||||||
| Free Cash Flow | -668.00K | -16.42M | -17.42M | 8.84M | -7.44M | 11.98M |
| Operating Cash Flow | -693.00K | -15.75M | -15.88M | 10.91M | -5.45M | 12.78M |
| Investing Cash Flow | 4.58M | -1.18M | -47.74M | -5.12M | -14.77M | -3.58M |
| Financing Cash Flow | -1.96M | 12.51M | 56.59M | -3.45M | -5.88M | -9.80M |
Lakeland Industries Technical Analysis
Negative
11.82
Price Trends
10.69
Negative
10.85
Negative
10.14
Negative
Market Momentum
-0.40
Positive
38.59
Neutral
24.97
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LAKE, the sentiment is Negative. The current price of 11.82 is above the 20-day moving average (MA) of 9.98, above the 50-day MA of 10.69, and above the 200-day MA of 10.14, indicating a bearish trend. The MACD of -0.40 indicates Positive momentum. The RSI at 38.59 is Neutral, neither overbought nor oversold. The STOCH value of 24.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LAKE.
Lakeland Industries Risk Analysis
Lakeland Industries disclosed 30 risk factors in its most recent earnings report. Lakeland Industries reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Lakeland Industries Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $201.39M | 22.55 | 4.28% | 4.43% | -0.43% | 7.24% | |
65 Neutral | $80.14M | 16.21 | 7.62% | 3.19% | 22.39% | 487.96% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | $48.90M | -11.28 | -7.76% | 5.85% | -0.30% | 67.07% | |
56 Neutral | $101.50M | -4.14 | -10.51% | ― | -7.01% | -19.76% | |
54 Neutral | $403.22M | -55.43 | -1.28% | 10.71% | -1.80% | -112.70% | |
52 Neutral | $94.35M | -3.38 | -20.59% | 1.28% | -0.35% | 2.69% |
* Consumer Cyclical Sector Average
LAKE
Lakeland Industries
9.23
-7.17
-43.72%
OXM
Oxford Industries
28.35
-9.24
-24.58%
SGC
Superior Group of Companies
12.97
3.15
32.01%
UFI
Unifi
5.47
1.07
24.32%
CULP
Culp
3.60
-0.65
-15.29%
JRSH
Jerash Holdings (US)
6.06
2.91
92.41%
Lakeland Industries Corporate Events
Business Operations and StrategyFinancial Disclosures
Lakeland Industries Highlights Fire Segment Growth and Margin Gains
Positive
Sep 9, 2026
Lakeland Fire + Safety on September 9, 2026 reported fiscal second-quarter 2027 results for the period ended July 31, 2026, with net sales of $50.1 million, down 4.5% year over year but up 5.7% sequentially, and gross margin improving to 37.0%. Fi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.