DA Davidson is maintaining a Buy rating and a price target of $23 on Lakeland Industries (LAKE) following Q1 earnings. The firm notes Q1 EBITDA was short of expectations, with much of it coming from accounting-related issues that will reverse themselves within FY26; full-year guidance was not changed. Delayed orders and elevated SG&A costs rounded out the miss. Net-net, while DA Davidson is reducing FY26 EBITDA slightly, it argues that it is nowhere near the 20% decline the stock has seen to start the day. After talking with management about the above Q1 issues, the firm would be a buyer on Tuesday’s decline.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LAKE:
- Lakeland Industries price target lowered to $26 from $30 at Lake Street
- Lakeland Industries Reports Strong Sales Growth Amid Challenges
- Closing Bell Movers: Casey’s General jumps 9% after Q4 earnings beat
- Lakeland Industries Reports Record Q1 2026 Sales Growth
- Lakeland Industries sees FY26 revenue $210M-$220M, consensus $211.11M