Lakeland Industries (LAKE) AI Stock Analysis

• Market Cap: $92.37M
• Dividend Yield: 1.35%
• Average Volume (3M): 165.85K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.14
• 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: 99,828
• 30 Day Avg. Volume: 165,851
• 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: 1.38
• Enterprise Value/Revenue: 0.66
• Enterprise Value/Gross Profit: 1.89
• Enterprise Value/Ebitda: -4.96
• 1Y Price Target: $18.50
• Price Target Upside: 93.92% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): 1.38
• Revenue Forecast (FY): $230.49M

• Rating: 45 Neutral
• Price Target: $9.00 ▼(-5.66% Downside)

The score is held down primarily by weak profitability and negative operating/free cash flow, reinforced by bearish technicals (below key moving averages and negative MACD). Valuation signals are mixed due to losses (negative P/E) and only a modest dividend yield, while the latest earnings call added caution due to the steep EBITDA/margin decline and withdrawal of formal guidance despite some revenue-growth and pipeline positives.

Positive Factors

Revenue growth & tender pipeline

Strong end-market demand in fire services plus a large $178M tender pipeline indicates durable revenue opportunities. If management converts high-probability tenders into contracts, the company can sustain top-line growth and secure multi-year recurring revenues across geographies.

Strategic acquisitions expand portfolio

Targeted M&A has broadened product scope and geographic reach, creating cross-sell opportunities and recurring revenue streams. In a fragmented $2B global fire market, scale and a multi-brand portfolio improve competitive position and tender competitiveness over the medium term.

Product certification (NFPA 1970)

Achieving NFPA 1970:2025 certification is a structural advantage for firefighter PPE adoption and procurement. Certification lowers non-price barriers, supports inclusion in institutional tenders, and strengthens product credibility and differentiation over multiple buying cycles.

Negative Factors

Gross margin compression

A roughly 1,000bps gross margin decline reflects higher material and freight costs, tariffs, and lower margins from recent acquisitions. Persistent margin pressure erodes operating profitability and limits the firm's ability to fund SG&A, R&D, and integration costs without structural efficiency gains.

Weak cash generation

Sustained negative operating and free cash flows impair the company's ability to self-fund working capital, capex, and acquisitions. This drove balance-sheet actions (e.g., sale-leaseback) and increases reliance on non-operating liquidity moves, constraining long-term strategic flexibility.

Guidance withdrawal and dividend suspension

Withdrawing guidance and suspending the dividend signal persistent execution and forecasting weaknesses. These actions alter capital allocation priorities toward stabilization and cash preservation, reducing near-term shareholder distributions and raising scrutiny of operational cadence and forecasting controls.

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 (negative net and EBIT margins) and margins have deteriorated. 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	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	167.21M	124.69M	112.85M	118.39M	159.00M
Gross Profit	68.67M	51.19M	45.85M	50.91M	79.25M
EBITDA	-13.39M	11.52M	7.01M	18.04M	45.90M
Net Income	-18.07M	5.42M	1.87M	11.37M	35.33M
Balance Sheet
Total Assets	212.53M	153.75M	142.94M	140.79M	139.93M
Cash, Cash Equivalents and Short-Term Investments	17.48M	25.22M	24.64M	52.72M	52.60M
Total Debt	31.65M	12.31M	5.24M	4.92M	2.38M
Total Liabilities	65.91M	30.30M	22.95M	15.69M	17.01M
Stockholders Equity	146.63M	123.45M	119.99M	125.10M	122.92M
Cash Flow
Free Cash Flow	-17.42M	8.84M	-7.44M	11.98M	39.00M
Operating Cash Flow	-15.88M	10.91M	-5.45M	12.78M	40.67M
Investing Cash Flow	-47.74M	-5.12M	-14.77M	-3.58M	-1.66M
Financing Cash Flow	56.59M	-3.45M	-5.88M	-9.80M	-1.28M

Lakeland Industries Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 9.54
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LAKE, the sentiment is Neutral. The current price of 9.54 is above the 20-day moving average (MA) of 9.18, below the 50-day MA of 10.56, and below the 200-day MA of 14.33, indicating a neutral trend. The MACD of -0.25 indicates Negative momentum. The RSI at 50.00 is Neutral, neither overbought nor oversold. The STOCH value of 76.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	$159.05M	27.36	2.86%	5.74%	-0.44%	-55.22%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
JRSH	56 Neutral	$38.86M	64.56	0.99%	6.75%	12.25%	―
OXM	52 Neutral	$548.23M	-109.20	-0.51%	6.77%	-2.40%	-131.59%
LAKE	45 Neutral	$92.37M	-2.14	-28.97%	1.35%	27.42%	-5275.12%
UFI	44 Neutral	$70.87M	-2.93	-9.61%	―	-5.26%	42.84%
CULP	41 Neutral	$44.57M	-4.07	-18.32%	―	-7.76%	49.20%

Lakeland Industries Corporate Events

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.

Lakeland Industries Declares Quarterly Cash Dividend

On November 3, 2025, Lakeland Industries announced that its Board of Directors declared a quarterly cash dividend of $0.03 per share for its fiscal fourth quarter of 2026. This dividend will be payable on November 24, 2025, to stockholders of record as of November 17, 2025. This announcement reflects the company’s ongoing commitment to providing shareholder value and may impact its financial strategies and stakeholder relations.

The most recent analyst rating on (LAKE) stock is a Hold with a $16.00 price target. To see the full list of analyst forecasts on Lakeland Industries stock, see the LAKE Stock Forecast page.