Lakeland Industries (LAKE)
Market Price (7/21/2026): $11.38 | Market Cap: $112.2 MilSector: Consumer Discretionary | Industry: Apparel, Accessories & Luxury Goods
Lakeland Industries (LAKE)
Market Price (7/21/2026): $11.38Market Cap: $112.2 MilSector: Consumer DiscretionaryIndustry: Apparel, Accessories & Luxury Goods
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Industrial Safety & Protection. Themes include Personal Protective Equipment (PPE), Hazardous Material Protection, and Industrial Fire Safety. | Weak multi-year price returns2Y Excs Rtn is -81%, 3Y Excs Rtn is -88% Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -13 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -6.8% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.6%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -3.8% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -22% Key risks[LAKE] key risks include [1] operational inefficiencies leading to elevated inventory, Show more. |
| Megatrend and thematic driversMegatrends include Industrial Safety & Protection. Themes include Personal Protective Equipment (PPE), Hazardous Material Protection, and Industrial Fire Safety. |
| Weak multi-year price returns2Y Excs Rtn is -81%, 3Y Excs Rtn is -88% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -13 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -6.8% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.6%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -3.8% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -22% |
| Key risks[LAKE] key risks include [1] operational inefficiencies leading to elevated inventory, Show more. |
Qualitative Assessment
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Lakeland Industries (LAKE) stock has gained about 40% since 3/31/2026 because of the following key factors:
1. Strong Fiscal Q1 2027 Earnings Beat Driven by Fire Services Growth.
Lakeland Industries reported robust financial results for its fiscal first quarter ended April 30, 2026, announcing an earnings per share (EPS) of $0.04, which significantly surpassed analysts' consensus estimates of -$0.14 by $0.18. Net sales for the quarter increased by 1.4% year-over-year to $47.4 million, fueled primarily by an 11% increase in its higher-margin Fire Services segment. This strong performance, and particularly the EPS beat, led to a 6.12% surge in the stock price following the announcement on June 9, 2026, and signaled improving operational leverage and potential for sustained EBITDA expansion throughout fiscal 2027.
2. Strategic Repositioning Towards High-Margin Fire Services.
The company is actively executing a strategic transformation to become a recurring, higher-margin fire services platform, a shift that has seen this segment grow to approximately half of its total revenue. A crucial step in this strategy was the completion of full head-to-toe NFPA 1970 certifications in early fiscal 2027, which is essential for securing future fire product tenders and expanding sales opportunities. Concurrently, Lakeland divested its high-performance FR and HiViz product lines in March 2026 for approximately $14 million, streamlining operations and strengthening its balance sheet to focus on core fire and industrial protective businesses.
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Lakeland Industries (LAKE) stock has gained about 40% since 3/31/2026 because of the following key factors:
1. Strong Fiscal Q1 2027 Earnings Beat Driven by Fire Services Growth.
Lakeland Industries reported robust financial results for its fiscal first quarter ended April 30, 2026, announcing an earnings per share (EPS) of $0.04, which significantly surpassed analysts' consensus estimates of -$0.14 by $0.18. Net sales for the quarter increased by 1.4% year-over-year to $47.4 million, fueled primarily by an 11% increase in its higher-margin Fire Services segment. This strong performance, and particularly the EPS beat, led to a 6.12% surge in the stock price following the announcement on June 9, 2026, and signaled improving operational leverage and potential for sustained EBITDA expansion throughout fiscal 2027.
2. Strategic Repositioning Towards High-Margin Fire Services.
The company is actively executing a strategic transformation to become a recurring, higher-margin fire services platform, a shift that has seen this segment grow to approximately half of its total revenue. A crucial step in this strategy was the completion of full head-to-toe NFPA 1970 certifications in early fiscal 2027, which is essential for securing future fire product tenders and expanding sales opportunities. Concurrently, Lakeland divested its high-performance FR and HiViz product lines in March 2026 for approximately $14 million, streamlining operations and strengthening its balance sheet to focus on core fire and industrial protective businesses.
3. Resolution of Legacy Operational Overhang.
On July 7, 2026, Lakeland Industries announced the settlement of a long-standing dispute regarding a leased manufacturing facility in Monterrey, Mexico. This resolution fully terminated the lease and concluded related litigation, removing a "legacy overhang" and eliminating ongoing legal and administrative costs associated with the issue. This positive development follows a non-cash lease impairment charge of approximately $3.6 million related to the facility that the company recorded in fiscal year 2026.
4. Favorable Analyst Sentiment and Price Target Increases.
Lakeland Industries has received a "Strong Buy" consensus rating from analysts, reflecting confidence in its strategic direction and anticipated financial performance. The average analyst price target for LAKE stands at $16.50, which represents a potential upside of approximately 50% from the stock's closing price of $11.00. Analysts had set price targets ranging from $13.00 to $19.00 in April 2026, indicating a continued positive outlook.
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Stock Movement Drivers
Fundamental Drivers
The 40.2% change in LAKE stock from 3/31/2026 to 7/20/2026 was primarily driven by a 41.9% change in the company's P/S Multiple.| (LTM values as of) | 3312026 | 7202026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.19 | 11.48 | 40.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 193 | 193 | -0.1% |
| P/S Multiple | 0.4 | 0.6 | 41.9% |
| Shares Outstanding (Mil) | 10 | 10 | -1.1% |
| Cumulative Contribution | 40.2% |
Market Drivers
3/31/2026 to 7/20/2026| Return | Correlation | |
|---|---|---|
| LAKE | 40.2% | |
| Market (SPY) | 14.1% | -0.9% |
| Sector (XLY) | 5.2% | 13.2% |
Fundamental Drivers
The 29.9% change in LAKE stock from 12/31/2025 to 7/20/2026 was primarily driven by a 31.5% change in the company's P/S Multiple.| (LTM values as of) | 12312025 | 7202026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.84 | 11.48 | 29.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 193 | 193 | -0.1% |
| P/S Multiple | 0.4 | 0.6 | 31.5% |
| Shares Outstanding (Mil) | 10 | 10 | -1.1% |
| Cumulative Contribution | 29.9% |
Market Drivers
12/31/2025 to 7/20/2026| Return | Correlation | |
|---|---|---|
| LAKE | 29.9% | |
| Market (SPY) | 9.1% | 14.8% |
| Sector (XLY) | -3.8% | 22.4% |
Fundamental Drivers
The -15.3% change in LAKE stock from 6/30/2025 to 7/20/2026 was primarily driven by a -19.2% change in the company's P/S Multiple.| (LTM values as of) | 6302025 | 7202026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.56 | 11.48 | -15.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 178 | 193 | 8.8% |
| P/S Multiple | 0.7 | 0.6 | -19.2% |
| Shares Outstanding (Mil) | 9 | 10 | -3.7% |
| Cumulative Contribution | -15.3% |
Market Drivers
6/30/2025 to 7/20/2026| Return | Correlation | |
|---|---|---|
| LAKE | -15.3% | |
| Market (SPY) | 21.1% | 14.1% |
| Sector (XLY) | 6.1% | 16.0% |
Fundamental Drivers
The -18.8% change in LAKE stock from 6/30/2023 to 7/20/2026 was primarily driven by a -35.4% change in the company's P/S Multiple.| (LTM values as of) | 6302023 | 7202026 | Change |
|---|---|---|---|
| Stock Price ($) | 14.14 | 11.48 | -18.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 114 | 193 | 69.2% |
| P/S Multiple | 0.9 | 0.6 | -35.4% |
| Shares Outstanding (Mil) | 7 | 10 | -25.7% |
| Cumulative Contribution | -18.8% |
Market Drivers
6/30/2023 to 7/20/2026| Return | Correlation | |
|---|---|---|
| LAKE | -18.8% | |
| Market (SPY) | 73.3% | 27.4% |
| Sector (XLY) | 38.1% | 26.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| LAKE Return | -20% | -39% | 41% | 39% | -65% | 29% | -57% |
| Peers Return | 19% | -14% | 17% | 11% | 12% | 0% | 50% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 99% |
Monthly Win Rates [3] | |||||||
| LAKE Win Rate | 42% | 42% | 58% | 67% | 42% | 57% | |
| Peers Win Rate | 62% | 45% | 45% | 55% | 55% | 49% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 43% | |
Max Drawdowns [4] | |||||||
| LAKE Max Drawdown | -58% | -49% | -32% | -25% | -70% | -25% | |
| Peers Max Drawdown | -16% | -33% | -22% | -18% | -27% | -23% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: DD, MMM, MSA, KMB, CDRE.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/20/2026 (YTD)
How Low Can It Go
| Event | LAKE | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -27.6% | -6.7% |
| % Gain to Breakeven | 38.2% | 7.1% |
| Time to Breakeven | 58 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -48.3% | -24.5% |
| % Gain to Breakeven | 93.3% | 32.4% |
| Time to Breakeven | 629 days | 427 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -24.7% | -19.2% |
| % Gain to Breakeven | 32.9% | 23.8% |
| Time to Breakeven | 400 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -13.9% | -12.2% |
| % Gain to Breakeven | 16.2% | 13.9% |
| Time to Breakeven | 18 days | 62 days |
| 2013 Taper Tantrum | ||
| % Loss | -12.3% | -0.2% |
| % Gain to Breakeven | 14.1% | 0.2% |
| Time to Breakeven | 1 days | 1 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -13.3% | -17.9% |
| % Gain to Breakeven | 15.4% | 21.8% |
| Time to Breakeven | 86 days | 123 days |
In The Past
Lakeland Industries's stock fell -1.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 1.0% gain to breakeven.
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Asset Allocation
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| Event | LAKE | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -27.6% | -6.7% |
| % Gain to Breakeven | 38.2% | 7.1% |
| Time to Breakeven | 58 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -48.3% | -24.5% |
| % Gain to Breakeven | 93.3% | 32.4% |
| Time to Breakeven | 629 days | 427 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -24.7% | -19.2% |
| % Gain to Breakeven | 32.9% | 23.8% |
| Time to Breakeven | 400 days | 105 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -56.0% | -53.4% |
| % Gain to Breakeven | 127.5% | 114.4% |
| Time to Breakeven | 2030 days | 1085 days |
In The Past
Lakeland Industries's stock fell -1.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 1.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Lakeland Industries (LAKE)
Lakeland Industries, Inc. (LAKE) is a global manufacturer and seller of a comprehensive range of industrial protective clothing and accessories. The company's primary business revolves around providing essential safety gear designed to protect workers across various hazardous industrial and public sector environments worldwide. From everyday protective wear to specialized suits for extreme conditions, Lakeland Industries aims to safeguard individuals from chemical exposures, fire, heat, and other workplace dangers.
The company's diverse product portfolio includes limited-use/disposable items like coveralls, laboratory coats, and smocks, alongside high-end chemical protective suits engineered for protection against highly concentrated, toxic, or lethal chemicals and biological toxins. Lakeland also offers firefighting and heat protective apparel, durable woven garments such as flame-resistant (FR) meta-aramid and FR cotton coveralls for industries like petrochemical and utilities, and electrostatic dissipative apparel for electronics cleanrooms. Additionally, its offerings extend to high-visibility reflective clothing, including vests and jackets, as well as gloves and sleeves for industries like automotive, glass, and metal fabrication.
Lakeland Industries sells its products through a network of approximately 1,600 safety and industrial supply distributors. Its extensive customer base includes a broad array of end-users such as integrated oil, chemical/petrochemical, automobile, steel, glass, construction, pharmaceutical, and high-technology electronics manufacturers, as well as scientific and medical laboratories. The company also serves the utilities industry and various federal, state, and local governmental agencies and departments, ensuring a wide reach across critical industrial and public safety sectors.
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Carhartt for industrial hazard protection.
Under Armour for industrial safety apparel.
A highly focused Honeywell specializing in protective industrial clothing.
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- Limited Use/Disposable Protective Clothing: Protective garments such as coveralls, lab coats, shirts, and pants designed for single or short-term use.
- High-End Chemical Protective Suits: Specialized suits offering protection against highly concentrated chemicals and biological toxins.
- Firefighting and Heat Protective Apparel: Garments and accessories designed to protect against fire and extreme heat.
- Durable Woven Garments: Long-lasting clothing including electrostatic dissipative apparel, flame-resistant wear, and standard cotton/polycotton workwear.
- High Visibility Clothing: Reflective garments such as vests, jackets, and T-shirts for enhanced safety in low-light conditions.
- Industrial Gloves and Sleeves: Hand and arm protection for various industrial applications like automotive, glass, and metal fabrication.
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Lakeland Industries (LAKE) primarily sells its products to other companies. The company sells to a network of approximately 1,600 safety and industrial supply distributors worldwide. The provided information does not identify specific major customer companies by name or their public symbols, indicating a diversified customer base within the distribution sector.
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James M. Jenkins, President, Chief Executive Officer and Executive Chairman
James M. Jenkins assumed the role of President and CEO of Lakeland Industries on June 1, 2024, and also serves as Executive Chairman, a position he took on in August 2023. Prior to his current roles, he served as Acting CEO from February 1, 2024. Mr. Jenkins' involvement with Lakeland's board of directors dates back to 2016, with an earlier period from 2012 to 2015. Before joining Lakeland, he was the Chief Legal Officer, Corporate Development Officer, and Corporate Secretary at Transcat, Inc., where he was recognized for significantly increasing the company's market capitalization and revenue, notably through leading an acquisition strategy that involved ten company acquisitions. Earlier in his career, he was a partner at Harter Secrest & Emery LLP, a law firm, where he chaired the firm's Securities Practice Group and was a member of its Management Committee.
Calven Swinea, Chief Financial Officer
Calven Swinea was appointed Chief Financial Officer of Lakeland Industries, effective February 17, 2026. He previously served as Interim CFO since January 2026 and as Vice President of Finance since September 2020. Before his tenure at Lakeland, Mr. Swinea held the position of Global Corporate Controller at Elliott Group, a turbomachinery manufacturer, from September 2019 to September 2020. He also worked as a consultant for various public companies from October 2015 to September 2019. From August 2010 to October 2015, he was the Vice President of Administration and Vice President of Internal Audit for Walter Energy, Inc., a metallurgical coal producer. His professional background also includes finance positions at Avocent Corporation and Sanmina Corporation, and he previously served as a senior manager at EY LLP.
Hui ("Helena") An, Chief Operating Officer
Hui ("Helena") An serves as the Chief Operating Officer of Lakeland Industries and has also been noted as the Vice President of Procurement & Asia Operation. She was identified as a member of the company's executive management team in an October 2023 announcement.
Joshua Sletten, Vice President of Corporate Development and Strategy
Joshua Sletten holds the role of Vice President of Corporate Development and Strategy at Lakeland Industries. He was recognized as part of the company's executive management team in an October 2023 announcement.
Daniel L. Edwards, Senior Vice President of Sales for North America
Daniel L. Edwards is the Senior Vice President of Sales for North America at Lakeland Industries.
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Key Risks to Lakeland Industries (LAKE)
- Exposure to Economic Downturns and Cyclical Industries: Lakeland Industries primarily serves industrial sectors such as oil, chemical/petrochemical, automobile, steel, construction, and manufacturing. These industries are often cyclical and highly sensitive to broader economic conditions. A slowdown in global or regional economic activity, reduced industrial production, or decreased capital expenditures within these sectors could lead to a significant decrease in demand for protective clothing, directly impacting Lakeland's sales and profitability.
- Compliance with Evolving Safety Standards and Regulations: The protective clothing market is subject to stringent and often changing safety standards and regulations across various industries and geographies, covering aspects like chemical protection, fire resistance, and electrostatic discharge. Lakeland Industries must continuously monitor, adapt to, and comply with these evolving requirements. Failure to meet current or future standards could result in product recalls, legal liabilities, reputational damage, and loss of market access or competitive advantage, while also requiring significant investment in research and development or manufacturing adjustments.
- Raw Material Price Volatility and Supply Chain Disruptions: As a manufacturer of protective clothing, Lakeland Industries relies on a variety of raw materials, including specialized fabrics, chemicals, and other components. Fluctuations in the global prices of these raw materials due to supply and demand imbalances, geopolitical events, trade policies, or natural disasters could significantly increase the company's cost of goods sold and reduce profit margins. Furthermore, disruptions to the global supply chain, such as transportation delays, labor shortages, or supplier failures, could impact production schedules and the ability to deliver products to customers in a timely manner.
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Lakeland Industries (symbol: LAKE) operates in several significant addressable markets for its diverse range of industrial protective clothing and accessories. While individual product market sizes can vary across different research reports, the following provides an overview of the addressable markets for its main product categories, along with their respective regions.
Industrial Protective Clothing (Overall)
- The global industrial protective clothing market was valued at approximately USD 12.23 billion in 2023 and is projected to reach around USD 20.63 billion by 2032, with a compound annual growth rate (CAGR) of 5.98% during this period.
- Another estimate places the global industrial protective clothing market at USD 19.55 billion in 2025, with a projection to reach USD 69.12 billion by 2034, growing at a significant CAGR of 15.06%.
- North America is a leading market for industrial protective clothing, holding approximately 40% of the global market share. Europe also held a substantial share, dominating the global market in 2022 with 38%.
High-End Chemical Protective Suits
- The global chemical protective suits market was estimated at approximately USD 9.49 billion in 2024 and is projected to grow to around USD 20.15 billion by 2035, at a CAGR of 7.08%.
- Another report indicated the global chemical protective suits market size was USD 10.25 billion in 2024 and is projected to reach USD 18.64 billion by 2033, with a CAGR of 6.9%.
- North America held the largest revenue share in the chemical protective suits market, accounting for 31.6% in 2024.
- The broader hazmat suits market, which includes chemical protective suits, was valued at USD 6.73 billion in 2020 and is projected to reach USD 11.61 billion in 2030.
Firefighting and Heat Protective Apparel (Flame Resistant Clothing)
- The global flame retardant clothing market was valued at approximately USD 2.04 billion in 2024 and is projected to grow to USD 2.71 billion by 2034, at a CAGR of 4.2%.
- The global flame retardant apparel market size was USD 3.91 billion in 2024 and is projected to grow at a CAGR of 6.70% from 2025 to 2034.
- The global firefighter personal protective equipment (PPE) market was valued at USD 2.10 billion in 2024 and is projected to reach USD 3.23 billion by 2033, with a CAGR of 5.0%.
- North America is the largest market for flame retardant apparel, holding approximately 45% of the global market share.
High Visibility Clothing
- The global high visibility clothing market was valued at approximately USD 1.78 billion in 2024 and is predicted to grow to about USD 3.68 billion by 2035, at a CAGR of 6.83%.
- Other estimates for the global high-visibility clothing market range from USD 1.70 billion to USD 1.90 billion in 2024, with projections to reach between USD 2.53 billion and USD 3.14 billion by 2032-2034.
- Asia Pacific dominated the global revenue share for high visibility clothing in 2024, accounting for 34.0%. However, North America was also noted as the most significant global market with a 35.45% market revenue share in 2024.
Gloves and Sleeves (Cut-Resistant Gloves)
- The global cut-resistant gloves market size was valued at USD 5.84 billion in 2024 and is expected to reach USD 7.99 billion by 2032, at a CAGR of 4.00%.
- Another estimate for the global cut-resistant gloves market size was USD 1.82 billion in 2024, projected to grow to USD 2.36 billion by 2034 with a CAGR of 3.9%.
- For cut-resistant gloves specifically for material handling, the global market size reached USD 2.14 billion in 2024 and is projected to expand to USD 4.01 billion by 2033, with a CAGR of 7.1%.
- North America is the largest market for cut-resistant gloves, holding approximately 40% of the global market share. The Asia Pacific region is also a significant and rapidly growing market.
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Here are 3-5 expected drivers of future revenue growth for Lakeland Industries (LAKE) over the next 2-3 years:
- Strategic Acquisitions and Integration: Lakeland Industries has been actively pursuing and integrating strategic acquisitions, such as Veridian, LHD, Jolly Scarpe, Pacific Helmets, Arizona PPE Recon, and California PPE Recon. These acquisitions are contributing significantly to revenue growth and are expanding the company's product lines and service offerings, particularly in the Fire Services sector.
- Growth in Fire Services Product Line and Related Services: The Fire Services product line is a key area of strong growth for Lakeland Industries. This includes protective apparel for firefighters, as well as decontamination, repair, and rental services. This segment has shown substantial increases in sales and is a strategic focus for future revenue generation.
- Organic Sales Growth in Key Geographic Markets: Beyond acquisitions, Lakeland Industries is experiencing organic revenue growth in crucial regions such as the United States, Canada, and Europe. This growth is driven by the performance of its core industrial and Fire Services businesses in these markets.
- Expansion of Global Footprint and Market Penetration: The company is focused on expanding its global presence and increasing market share by entering new territories and deepening its penetration in existing markets. Acquisitions contribute to this expansion by extending geographic customer reach, and Lakeland leverages its established global manufacturing and distribution capabilities for further growth.
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Share Repurchases
- Lakeland Industries' shares outstanding decreased from 7.84 million in 2021 to 7.42 million in 2023, indicating net share repurchases during this period.
Share Issuance
- Between 2024 and 2025, Lakeland Industries experienced a significant increase in shares outstanding, rising from 7.42 million to 9.75 million, representing a 31.29% change.
- As of April 10, 2025, there were 9,498,604 shares of common stock outstanding, compared to 7,371,730 shares outstanding as of April 10, 2024.
- Overall, the number of shares outstanding increased by 22.87% in the last year (as of March 2026).
Outbound Investments
- Lakeland Industries completed several acquisitions, including the LHD Group Deutschland GmbH (and its subsidiaries in Hong Kong and Australia) in July 2024 for approximately $16.3 million, enhancing its global fire services market presence and adding firefighter gear and protective equipment.
- The company acquired Jolly Scarpe S.p.A. and its Romanian affiliate in February 2024 for $2.16 million, specializing in professional footwear for emergency services.
- Other acquisitions include Pacific Helmets NZ Limited for $8.5 million in November 2023 (helmets for firefighting and rescue), Arizona PPE Recon, Inc. and California PPE Recon, Inc. in 2025 (PPE decontamination and repair services), and Veridian Limited for $26.1 million in December 2025 (firefighter protective apparel).
Capital Expenditures
- Capital expenditures for Lakeland Industries in the last 12 months (as of March 2026) amounted to approximately -$839,000.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Lakeland Industries Earnings Notes | 12/16/2025 | |
| With Lakeland Industries Stock Sliding, Have You Assessed The Risk? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 122.12 |
| Mkt Cap | 21.3 |
| Rev LTM | 4,028 |
| Op Inc LTM | 530 |
| FCF LTM | 185 |
| FCF 3Y Avg | 184 |
| CFO LTM | 370 |
| CFO 3Y Avg | 505 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 3.8% |
| Rev Chg 3Y Avg | 3.0% |
| Rev Chg Q | 3.5% |
| QoQ Delta Rev Chg LTM | 0.9% |
| Op Inc Chg LTM | -1.0% |
| Op Inc Chg 3Y Avg | -14.2% |
| Op Mgn LTM | 13.0% |
| Op Mgn 3Y Avg | 11.5% |
| QoQ Delta Op Mgn LTM | 0.4% |
| CFO/Rev LTM | 11.3% |
| CFO/Rev 3Y Avg | 12.1% |
| FCF/Rev LTM | 8.9% |
| FCF/Rev 3Y Avg | 9.1% |
Segment Financials
Revenue by Segment| $ Mil | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Fire | 94 | 0 | 26 | 15 | 8 |
| Disposables | 51 | 0 | 50 | 55 | 67 |
| Chemical | 22 | 0 | 20 | 22 | 24 |
| Wovens | 12 | 0 | 13 | 8 | 7 |
| High Performance Wear | 8 | 0 | 7 | 5 | 4 |
| High Visibility | 5 | 0 | 7 | 6 | 6 |
| Gloves | 1 | 0 | 2 | 2 | 2 |
| Total | 193 | 0 | 125 | 113 | 118 |
| $ Mil | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|
| USA | 7 | 5 | -4 | -2 | |
| China | 4 | 4 | 3 | 3 | 4 |
| UK | 2 | ||||
| Other Foreign | 0 | 0 | 1 | 1 | |
| Intersegment | 0 | ||||
| Mexico | -0 | -0 | -0 | ||
| Brazil | -2 | -4 | -2 | -0 | 0 |
| Corporate | -7 | -5 | |||
| Less intersegment sales | 0 | 1 | 1 | -1 | |
| India | -1 | ||||
| North America and other foreign | 0 | ||||
| Total | 5 | -0 | -1 | 1 | 3 |
| $ Mil | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|
| Corporate | 70 | -5 | |||
| USA | 36 | 29 | 24 | 34 | |
| China | 33 | 30 | 27 | 22 | 19 |
| Other Foreign | 18 | 20 | 13 | 15 | |
| UK | 7 | ||||
| Brazil | 6 | 7 | 2 | 28 | 24 |
| Mexico | 4 | 4 | 4 | ||
| India | -1 | -1 | 2 | 4 | |
| Intersegment | -80 | ||||
| Less intersegment sales | 14 | ||||
| North America and other foreign | 54 | ||||
| Total | 93 | 84 | 83 | 102 | 101 |
Price Behavior
| Market Price | $11.48 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 03/26/1990 | |
| Distance from 52W High | -33.6% | |
| 50 Days | 200 Days | |
| DMA Price | $10.67 | $11.11 |
| DMA Trend | down | up |
| Distance from DMA | 7.6% | 3.4% |
| 3M | 1YR | |
| Volatility | 75.4% | 70.4% |
| Downside Capture | -140.49 | 64.51 |
| Upside Capture | -83.28 | 27.61 |
| Correlation (SPY) | -11.6% | 14.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -1.39 | -0.92 | 0.21 | 0.76 | 0.83 | 1.04 |
| Up Beta | -1.51 | -0.73 | 0.73 | 0.96 | 1.04 | 1.02 |
| Down Beta | -0.71 | 1.25 | 0.01 | 0.96 | 1.17 | 1.44 |
| Up Capture | -149% | -105% | 63% | 78% | 26% | 37% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 9 | 18 | 30 | 61 | 123 | 364 |
| Down Capture | -146% | -249% | -87% | 48% | 83% | 99% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 11 | 22 | 32 | 61 | 122 | 371 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LAKE | |
|---|---|---|---|---|
| LAKE | -19.7% | 70.1% | 0.01 | - |
| Sector ETF (XLY) | 4.7% | 18.7% | 0.11 | 16.4% |
| Equity (SPY) | 19.2% | 12.6% | 1.12 | 14.2% |
| Gold (GLD) | 19.6% | 28.0% | 0.63 | 1.3% |
| Commodities (DBC) | 29.7% | 19.0% | 1.24 | -13.3% |
| Real Estate (VNQ) | 15.2% | 14.0% | 0.78 | 22.7% |
| Bitcoin (BTCUSD) | -46.6% | 42.9% | -1.34 | 15.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LAKE | |
|---|---|---|---|---|
| LAKE | -13.1% | 49.7% | -0.10 | - |
| Sector ETF (XLY) | 5.3% | 23.9% | 0.18 | 23.3% |
| Equity (SPY) | 12.6% | 17.1% | 0.57 | 24.9% |
| Gold (GLD) | 16.8% | 18.4% | 0.74 | 3.3% |
| Commodities (DBC) | 8.8% | 19.5% | 0.34 | 0.2% |
| Real Estate (VNQ) | 2.6% | 18.9% | 0.04 | 20.9% |
| Bitcoin (BTCUSD) | 14.0% | 53.5% | 0.44 | 13.2% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LAKE | |
|---|---|---|---|---|
| LAKE | 2.5% | 49.2% | 0.24 | - |
| Sector ETF (XLY) | 12.2% | 22.1% | 0.50 | 12.9% |
| Equity (SPY) | 15.1% | 17.9% | 0.72 | 10.8% |
| Gold (GLD) | 10.9% | 16.1% | 0.55 | 4.8% |
| Commodities (DBC) | 7.0% | 17.9% | 0.31 | -1.0% |
| Real Estate (VNQ) | 5.1% | 20.7% | 0.21 | 5.1% |
| Bitcoin (BTCUSD) | 57.9% | 66.2% | 0.98 | 8.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 7/14/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 6/9/2026 | 19.0% | 4.1% | 15.6% |
| 4/16/2026 | 25.6% | 13.8% | 6.8% |
| 12/9/2025 | -39.0% | -44.6% | -40.9% |
| 9/10/2025 | 3.2% | 5.5% | 25.5% |
| 6/9/2025 | -22.2% | -28.9% | -26.1% |
| 4/9/2025 | -14.3% | -13.6% | -7.0% |
| 12/6/2024 | -4.0% | -1.1% | 9.5% |
| 9/4/2024 | -7.8% | -17.7% | -19.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 7 | 10 | 13 |
| # Negative | 17 | 14 | 11 |
| Median Positive | 7.1% | 4.5% | 11.0% |
| Median Negative | -6.1% | -11.1% | -11.3% |
| Max Positive | 25.6% | 13.8% | 37.0% |
| Max Negative | -39.0% | -44.6% | -40.9% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 6/9/2026 | 19.0% | 4.1% | 15.6% |
| 4/16/2026 | 25.6% | 13.8% | 6.8% |
| 12/9/2025 | -39.0% | -44.6% | -40.9% |
| 9/10/2025 | 3.2% | 5.5% | 25.5% |
| 6/9/2025 | -22.2% | -28.9% | -26.1% |
| 4/9/2025 | -14.3% | -13.6% | -7.0% |
| 12/6/2024 | -4.0% | -1.1% | 9.5% |
| 9/4/2024 | -7.8% | -17.7% | -19.0% |
| 6/5/2024 | 7.1% | 8.4% | 9.0% |
| 4/11/2024 | -4.9% | -10.6% | 0.1% |
| 12/7/2023 | -1.8% | 2.6% | 14.5% |
| 9/6/2023 | 11.5% | 9.9% | 11.0% |
| 6/7/2023 | 6.1% | 4.1% | 21.5% |
| 4/13/2023 | -7.4% | -8.6% | -18.3% |
| 12/8/2022 | -6.0% | -4.3% | 4.8% |
| 9/8/2022 | -8.6% | -10.9% | -10.1% |
| 6/9/2022 | -6.1% | -12.8% | -15.3% |
| 4/19/2022 | -0.7% | -8.1% | -5.5% |
| 12/9/2021 | 1.7% | 5.0% | 12.0% |
| 9/9/2021 | -13.0% | -11.3% | -11.3% |
| 6/9/2021 | -12.6% | -17.9% | -9.8% |
| 4/15/2021 | -3.3% | 1.5% | -8.1% |
| 12/10/2020 | -1.2% | 1.0% | 37.0% |
| 9/9/2020 | -1.9% | -5.2% | 1.8% |
| SUMMARY STATS | |||
| # Positive | 7 | 10 | 13 |
| # Negative | 17 | 14 | 11 |
| Median Positive | 7.1% | 4.5% | 11.0% |
| Median Negative | -6.1% | -11.1% | -11.3% |
| Max Positive | 25.6% | 13.8% | 37.0% |
| Max Negative | -39.0% | -44.6% | -40.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 04/30/2026 | 06/09/2026 | 10-Q |
| 01/31/2026 | 04/16/2026 | 10-K |
| 10/31/2025 | 12/09/2025 | 10-Q |
| 07/31/2025 | 09/09/2025 | 10-Q |
| 04/30/2025 | 06/09/2025 | 10-Q |
| 01/31/2025 | 04/17/2025 | 10-K |
| 10/31/2024 | 12/10/2024 | 10-Q |
| 07/31/2024 | 09/06/2024 | 10-Q |
| 04/30/2024 | 06/06/2024 | 10-Q |
| 01/31/2024 | 04/11/2024 | 10-K |
| 10/31/2023 | 12/07/2023 | 10-Q |
| 07/31/2023 | 09/06/2023 | 10-Q |
| 04/30/2023 | 06/07/2023 | 10-Q |
| 01/31/2023 | 04/18/2023 | 10-K |
| 10/31/2022 | 12/08/2022 | 10-Q |
| 07/31/2022 | 09/08/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 04/30/2026 | 06/09/2026 | 10-Q |
| 01/31/2026 | 04/16/2026 | 10-K |
| 10/31/2025 | 12/09/2025 | 10-Q |
| 07/31/2025 | 09/09/2025 | 10-Q |
| 04/30/2025 | 06/09/2025 | 10-Q |
| 01/31/2025 | 04/17/2025 | 10-K |
| 10/31/2024 | 12/10/2024 | 10-Q |
| 07/31/2024 | 09/06/2024 | 10-Q |
| 04/30/2024 | 06/06/2024 | 10-Q |
| 01/31/2024 | 04/11/2024 | 10-K |
| 10/31/2023 | 12/07/2023 | 10-Q |
| 07/31/2023 | 09/06/2023 | 10-Q |
| 04/30/2023 | 06/07/2023 | 10-Q |
| 01/31/2023 | 04/18/2023 | 10-K |
| 10/31/2022 | 12/08/2022 | 10-Q |
| 07/31/2022 | 09/08/2022 | 10-Q |
| 04/30/2022 | 06/09/2022 | 10-Q |
| 01/31/2022 | 04/21/2022 | 10-K |
| 10/31/2021 | 12/09/2021 | 10-Q |
| 07/31/2021 | 09/09/2021 | 10-Q |
| 04/30/2021 | 06/09/2021 | 10-Q |
| 01/31/2021 | 04/16/2021 | 10-K |
| 10/31/2020 | 12/10/2020 | 10-Q |
| 07/31/2020 | 09/09/2020 | 10-Q |
| 04/30/2020 | 06/09/2020 | 10-Q |
| 01/31/2020 | 04/15/2020 | 10-K |
| 10/31/2019 | 12/09/2019 | 10-Q |
| 07/31/2019 | 09/09/2019 | 10-Q |
Recent Forward Guidance
Updated 7/12/2026Latest: Q1 2027 Earnings Reported 6/9/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2027 Revenue Growth | 7.0% | -1.5% | Lowered | Guidance: 8.5% for 2027 | |||
| 2027 Operating Cash Flow | |||||||
Prior: Q4 2026 Earnings Reported 4/16/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2027 Revenue Growth | 7.0% | 8.5% | 10.0% | ||||
| 2027 Operating Cash Flow | |||||||
Q3 2026 Earnings Reported 12/9/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 Operating Expense Reduction | 1.30 Mil | ||||||
Insider Activity
Updated 7/13/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Stokes, Cameron | See Remarks | Direct | Buy | 1152026 | 9.43 | 450 | 4,244 | 44,868 | Form |
| 2 | Swinea, James Calven JR | Interim CFO | Direct | Buy | 1092026 | 8.71 | 1,000 | 8,710 | 63,627 | Form |
| 3 | Jenkins, James M | President, CEO & Exec. Chair | Direct | Buy | 1052026 | 8.88 | 1,127 | 10,003 | 839,733 | Form |
| 4 | Phillips, Barry G | Chief Revenue Officer - Fire | Direct | Buy | 12292025 | 8.71 | 1,250 | 10,888 | 163,765 | Form |
| 5 | Yartz, Laurel A | Chief Human Resources Officer | Direct | Buy | 12232025 | 8.15 | 1,350 | 11,000 | 128,979 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Stokes, Cameron | See Remarks | Direct | Buy | 1152026 | 9.43 | 450 | 4,244 | 44,868 | Form |
| 2 | Swinea, James Calven JR | Interim CFO | Direct | Buy | 1092026 | 8.71 | 1,000 | 8,710 | 63,627 | Form |
| 3 | Jenkins, James M | President, CEO & Exec. Chair | Direct | Buy | 1052026 | 8.88 | 1,127 | 10,003 | 839,733 | Form |
| 4 | Phillips, Barry G | Chief Revenue Officer - Fire | Direct | Buy | 12292025 | 8.71 | 1,250 | 10,888 | 163,765 | Form |
| 5 | Yartz, Laurel A | Chief Human Resources Officer | Direct | Buy | 12232025 | 8.15 | 1,350 | 11,000 | 128,979 | Form |
| 6 | Jenkins, James M | President, CEO & Exec. Chair | Direct | Buy | 12192025 | 7.92 | 1,265 | 10,019 | 740,029 | Form |
| 7 | Shannon, Roger D | Chief Financial Officer | Direct | Sell | 12182025 | 8.06 | 8,869 | 71,484 | 290,370 | Form |
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Apparel, Accessories & Luxury Goods Resources |
| Vogue Business |
| Jing Daily |
| Luxury Daily |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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