Lakeland Industries (LAKE) AI Stock Analysis

• Market Cap: $89.92M
• Dividend Yield: 1.35%
• Average Volume (3M): 93.09K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.08
• Revenue Growth: 27.42%
• EPS Growth: -5275.12%
• Country: US
• Employees: 2,050
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Manufacturers
• EPS (TTM): -1.64
• Shares Outstanding: 9,806,128
• 10 Day Avg. Volume: 70,293
• 30 Day Avg. Volume: 93,095
• PEG Ratio: 0.02
• Price to Book (P/B): 1.17
• Price to Sales (P/S): 1.03
• P/FCF Ratio: -9.89
• Enterprise Value/Market Cap: 1.39
• Enterprise Value/Revenue: 0.65
• Enterprise Value/Gross Profit: 1.86
• Enterprise Value/Ebitda: -4.18
• 1Y Price Target: $18.50
• Price Target Upside: 101.74% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): 0.46
• Revenue Forecast (FY): $212.84M

• Rating: 45 Neutral
• Price Target: $9.50 ▲(3.60% Upside)
• Action: Reiterated Date: 02/24/26
• Date: Action: Reiterated 02/24/26

The score is held down primarily by weak profitability and negative operating/free cash flow, reinforced by earnings-call risks (sharp EBITDA/margin deterioration and guidance withdrawal). Technicals are broadly neutral with a weak longer-term trend, while valuation remains challenged due to losses; recent leadership/board changes provide only a modest offset.

Positive Factors

Large Tender Pipeline & Backlog

A $178M global tender pipeline with $38M high-probability opportunities provides durable revenue visibility across regions. Large tenders and backlog reduce sales volatility, support multi-quarter demand, and allow scale benefits as execution improves, underpinning medium-term growth prospects.

Repeat Contract Wins & Product Validation

Consistent competitive wins (UK firefighting gloves, Belgian police footwear, urgent Italian Ministry order) demonstrate validated product performance, procurement approvals and supply reliability. These recurring institutional contracts support long-term revenue streams and strengthen customer relationships.

Conservative Leverage and Balance Sheet Actions

Relatively low leverage combined with proactive actions ($6.1M sale/leaseback) improves liquidity and financial flexibility. A conservative capital structure and management steps to monetize assets reduce refinancing risk and support investment in operations and selective M&A over the medium term.

Negative Factors

Margin Compression & Negative Profitability

Sustained margin decline and negative EBIT/net margins signal structural profitability issues. Rising input, freight and tariff pressures plus lower acquired-company margins have compressed gross margins, making operating leverage weaker and requiring sustained cost or pricing fixes to restore durable profitability.

Negative Operating and Free Cash Flow

Persistent negative operating and free cash flows weaken liquidity and limit internal funding for working capital or capex. Over several quarters this forces reliance on asset sales or external financing, constraining the firm's ability to invest in growth or absorb shocks without executing material cash-generation improvements.

Guidance Withdrawal & Dividend Suspension

Removing guidance and suspending dividends signal execution and forecasting breakdowns and prioritization of liquidity. These actions indicate management sees material uncertainty in near-term operations and must rebuild predictability and cash generation before restoring shareholder distributions, affecting investor confidence.

Lakeland Industries Business Overview & Revenue Model

Company Description

Lakeland Industries, Inc. manufactures and sells industrial protective clothing and accessories for the industrial and public protective clothing market worldwide. It offers limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks; high-end chemical protective suits to provide protection from highly concentrated, toxic and/or lethal chemicals, and biological toxins; and firefighting and heat protective apparel to protect against fire. 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.

How the Company Makes Money

Lakeland Industries generates revenue primarily through the sale of its protective apparel and safety products. The company's revenue model is based on direct sales to end-users, distributors, and retailers, providing a diverse customer base. Key revenue streams include the sales of specialized protective gear for specific industries, such as chemical, oil and gas, and healthcare. Additionally, Lakeland benefits from long-term contracts with major companies in these sectors, ensuring a steady demand for its products. The company also explores international markets to expand its reach and increase sales. Strategic partnerships with distributors and suppliers enhance its market presence and help in leveraging economies of scale, contributing positively to its earnings.

Lakeland Industries Financial Statement Overview

Summary

Revenue growth is strong, but profitability is weak with negative net and EBIT margins. Cash generation is a key concern with negative operating and free cash flow, partially offset by a relatively conservative balance sheet with low leverage.

Income Statement

Lakeland Industries has experienced significant revenue growth in the TTM, but profitability metrics such as net profit margin and EBIT margin are negative, indicating operational challenges. The gross profit margin has decreased over time, suggesting rising costs or pricing pressures.

Balance Sheet

The company's debt-to-equity ratio remains relatively low, indicating conservative leverage. However, the negative return on equity in the TTM reflects recent losses, impacting overall financial health. The equity ratio remains stable, suggesting a solid asset base.

Cash Flow

Lakeland Industries faces cash flow challenges, with negative operating and free cash flows in the TTM. The free cash flow growth rate is negative, and the operating cash flow to net income ratio is unfavorable, highlighting liquidity issues.

Breakdown	TTM	Jan 2025	Jan 2024	Jan 2023	Jan 2022	Jan 2021
Income Statement
Total Revenue	193.46M	167.21M	124.69M	112.85M	118.39M	159.00M
Gross Profit	67.29M	68.67M	51.19M	45.85M	50.91M	79.25M
EBITDA	-29.90M	-13.39M	11.52M	7.01M	18.04M	45.90M
Net Income	-37.54M	-18.07M	5.42M	1.87M	11.37M	35.33M
Balance Sheet
Total Assets	220.72M	212.53M	153.75M	142.94M	140.79M	139.93M
Cash, Cash Equivalents and Short-Term Investments	17.19M	17.48M	25.22M	24.64M	52.72M	52.60M
Total Debt	52.21M	31.65M	12.31M	5.24M	4.92M	2.38M
Total Liabilities	86.23M	65.91M	30.30M	22.95M	15.69M	17.01M
Stockholders Equity	134.48M	146.63M	123.45M	119.99M	125.10M	122.92M
Cash Flow
Free Cash Flow	-15.77M	-17.42M	8.84M	-7.44M	11.98M	39.00M
Operating Cash Flow	-16.14M	-15.88M	10.91M	-5.45M	12.78M	40.67M
Investing Cash Flow	-23.65M	-47.74M	-5.12M	-14.77M	-3.58M	-1.66M
Financing Cash Flow	46.73M	56.59M	-3.45M	-5.88M	-9.80M	-1.28M

Lakeland Industries Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 9.17
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 9.17 is below the 20-day moving average (MA) of 9.60, below the 50-day MA of 9.17, and below the 200-day MA of 13.72, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 40.58 is Neutral, neither overbought nor oversold. The STOCH value of 29.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LAKE.

Lakeland Industries Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SGC	66 Neutral	$158.57M	27.27	2.86%	5.74%	-0.44%	-55.22%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
OXM	52 Neutral	$589.00M	-117.93	-0.51%	6.77%	-2.40%	-131.59%
UFI	51 Neutral	$73.02M	-3.16	-9.61%	―	-5.26%	42.84%
JRSH	50 Neutral	$41.15M	23.75	0.99%	6.75%	12.25%	―
LAKE	45 Neutral	$89.92M	-2.06	-28.97%	1.35%	27.42%	-5275.12%
CULP	41 Neutral	$40.52M	-3.75	-18.32%	―	-7.76%	49.20%

Lakeland Industries Corporate Events

Lakeland Industries Adds Veteran Executive Lee Rudow to Board

On February 20, 2026, Lakeland Industries’ board appointed veteran industrial executive Lee D. Rudow as a Class I director, effective April 9, 2026, expanding the board from seven to eight members and bringing the number of independent directors to seven. Rudow, who has led Nasdaq-listed Transcat, Inc. as CEO since 2013 and plans to retire from that role on March 28, 2026, joins Lakeland as an independent director eligible for the company’s standard non-employee director compensation package.

Lakeland’s leadership highlighted Rudow’s three decades of experience in industrial markets, organic and acquisition-driven growth, and M&A integration as key assets to advance the company’s operational and deal-making strategies. Management emphasized that his prior track record, including a long stretch of growth and transformative acquisitions at Transcat and past collaboration with Lakeland’s CEO, is expected to support the global scaling of Lakeland’s fire and industrial platforms and its efforts to create sustainable, long-term shareholder value.

The most recent analyst rating on (LAKE) stock is a Hold with a $9.50 price target. To see the full list of analyst forecasts on Lakeland Industries stock, see the LAKE Stock Forecast page.

Lakeland Industries Names J. Calven Swinea Permanent CFO

On February 17, 2026, Lakeland Industries announced that its Board of Directors has appointed J. Calven Swinea as permanent Chief Financial Officer, effective immediately, elevating him from the interim role he assumed on January 1, 2026. Swinea, who joined the company in 2020 as Vice President of Finance, has already led efforts to strengthen the balance sheet, reduce inventory and improve cash conversion while navigating tariffs and supply-chain challenges.

The appointment consolidates financial leadership as Swinea continues to oversee implementation of a new Enterprise Resource Planning system expected to enhance centralized data, global visibility and financial controls across the business. Management emphasized near-term priorities of liquidity improvement, debt reduction, working capital discipline, cost control and free cash flow generation, framing the CFO transition as pivotal to supporting accretive acquisitions, global expansion in fire protection, and margin-enhancing financial discipline for shareholders and other stakeholders.

The most recent analyst rating on (LAKE) stock is a Hold with a $9.00 price target. To see the full list of analyst forecasts on Lakeland Industries stock, see the LAKE Stock Forecast page.

Lakeland Industries Addresses 2026 Shortfalls, Refocuses Strategy

In a January 26, 2026 letter to shareholders, Lakeland Fire + Safety reported that its fiscal 2026, ending January 31, was marked by strategic progress but financial results that fell short of internal and shareholder expectations. The company highlighted four accretive acquisitions completed in 2024 that broadened its product portfolio and global fire-protection footprint, as well as notable contract wins with major customers in Asia-Pacific, Europe and Latin America, including multi-year agreements with the Hong Kong Fire Services Department, Fire and Emergency New Zealand and Italy’s Ministry of the Interior, among others. Management attributed revenue and margin shortfalls to a mix of external pressures—tariffs, freight and raw material inflation, supply-chain disruptions and political uncertainty—and internal execution and timing issues that weighed on EBITDA. In response, Lakeland detailed actions to bolster its balance sheet and operational resilience, including a $6.1 million sale and partial leaseback of a Decatur, Alabama warehouse, efficiency and cost initiatives, accelerated inventory reduction, a more selective M&A approach and the integration of recently acquired PPE service businesses that add recurring revenue. The update underscores both the company’s challenges in translating its expanded scale into near-term profitability and its efforts to tighten execution and leverage its broader Fire + Safety platform as it pursues major global tender opportunities and seeks to reinforce confidence among investors and other stakeholders.

The most recent analyst rating on (LAKE) stock is a Sell with a $8.50 price target. To see the full list of analyst forecasts on Lakeland Industries stock, see the LAKE Stock Forecast page.

Lakeland Industries Details CFO Separation and Severance Terms

On January 6, 2026, Lakeland Industries, Inc. entered into a General Release and Separation Agreement with its former Chief Financial Officer, Roger D. Shannon, following his previously disclosed employment termination that became effective on December 31, 2025. Under the agreement, Shannon is entitled to four months of base salary paid in bi-weekly installments, a pro-rated cash bonus for the fiscal year ending January 31, 2026 subject to performance and Compensation Committee approval, continued vesting of certain equity awards scheduled to vest before April 30, 2026, and up to six months of COBRA continuation payments, with these severance benefits conditioned on the agreement becoming effective after a seven-day revocation period and remaining subject to forfeiture and clawback if he breaches its terms, underscoring the company’s structured approach to executive transitions and risk management around post-employment obligations.

The most recent analyst rating on (LAKE) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Lakeland Industries stock, see the LAKE Stock Forecast page.

Lakeland Industries Suspends Dividend Amid Market Challenges

On December 4, 2025, Lakeland Industries announced the mutual termination of CFO Roger D. Shannon’s employment, effective December 31, 2025, and appointed J. Calven Swinea as Interim CFO starting January 1, 2026. The company also reported its fiscal third-quarter results for 2026, highlighting a 4% increase in net sales to $47.6 million, driven by a 31% rise in Fire Services revenue. Despite this growth, the company faced challenges such as margin pressure, revenue softness in key regions, and macroeconomic factors affecting its operations. As a result, Lakeland suspended its quarterly cash dividend and withdrew its financial guidance for FY2026, focusing on improving margins and free cash flow while navigating market uncertainties.

The most recent analyst rating on (LAKE) stock is a Buy with a $27.00 price target. To see the full list of analyst forecasts on Lakeland Industries stock, see the LAKE Stock Forecast page.