North Star Investment Management Corp. Has $2.14 Million Holdings in Lakeland Industries, Inc. $LAKE

North Star Investment Management Corp. raised its position in shares of Lakeland Industries, Inc. (NASDAQ:LAKE) by 22.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 157,475 shares of the medical instruments supplier’s stock after purchasing an additional 29,292 shares during the quarter. North Star Investment Management Corp.’s holdings in Lakeland Industries were worth $2,143,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Northern Trust Corp grew its position in shares of Lakeland Industries by 4.5% during the 4th quarter. Northern Trust Corp now owns 14,799 shares of the medical instruments supplier’s stock worth $378,000 after buying an additional 635 shares during the period. Jane Street Group LLC acquired a new stake in shares of Lakeland Industries during the 4th quarter worth approximately $494,000. Bank of America Corp DE grew its position in shares of Lakeland Industries by 114.1% during the 4th quarter. Bank of America Corp DE now owns 7,657 shares of the medical instruments supplier’s stock worth $196,000 after buying an additional 4,081 shares during the period. Millennium Management LLC grew its position in shares of Lakeland Industries by 166.1% during the 4th quarter. Millennium Management LLC now owns 27,783 shares of the medical instruments supplier’s stock worth $710,000 after buying an additional 17,344 shares during the period. Finally, Royce & Associates LP grew its position in shares of Lakeland Industries by 9.4% during the 1st quarter. Royce & Associates LP now owns 931,920 shares of the medical instruments supplier’s stock worth $18,927,000 after buying an additional 79,940 shares during the period. Institutional investors and hedge funds own 71.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on LAKE shares. DA Davidson reduced their price objective on shares of Lakeland Industries from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Wall Street Zen raised shares of Lakeland Industries from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Lake Street Capital set a $26.00 price objective on shares of Lakeland Industries and gave the stock a “buy” rating in a research report on Tuesday, June 10th. Finally, Zacks Research upgraded Lakeland Industries from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. Based on data from MarketBeat, Lakeland Industries presently has a consensus rating of “Buy” and a consensus target price of $25.00.

Lakeland Industries Price Performance

Shares of NASDAQ:LAKE opened at $14.85 on Thursday. The company has a current ratio of 3.66, a quick ratio of 1.41 and a debt-to-equity ratio of 0.19. The stock’s fifty day simple moving average is $14.66 and its two-hundred day simple moving average is $16.13. Lakeland Industries, Inc. has a 1-year low of $12.76 and a 1-year high of $27.28. The stock has a market cap of $142.11 million, a PE ratio of -5.42 and a beta of 1.11.

Lakeland Industries (NASDAQ:LAKE) last issued its quarterly earnings data on Tuesday, September 9th. The medical instruments supplier reported $0.36 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.40. Lakeland Industries had a negative return on equity of 3.07% and a negative net margin of 11.22%.The business had revenue of $52.50 million for the quarter, compared to analysts’ expectations of $54.59 million. Lakeland Industries has set its FY 2026 guidance at EPS. As a group, analysts forecast that Lakeland Industries, Inc. will post 0.48 EPS for the current fiscal year.

Lakeland Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 15th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, August 15th. Lakeland Industries’s payout ratio is presently -4.38%.

About Lakeland Industries

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