DA Davidson Reiterates Buy Rating on Lakeland Industries
DA Davidson maintains its buy rating for Lakeland Industries, setting a price target of $18, a 72.74% upside from the current price.
Key Points
- DA Davidson reiterated its buy rating on Lakeland Industries, Inc. (LAKE) with a price target of $18.
- DA Davidson's $18 price target implies 72.74% upside from Lakeland Industries, Inc.'s ($LAKE) current $10.42 share price.
- Lakeland Industries shares traded at $10.78, with a market cap of $108.4 million and a forward P/E of 19.1.
- Insiders, including the CEO, recently acquired shares, and several funds adjusted their holdings in the company.
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On June 11, 2026, DA Davidson reiterated its buy rating on Lakeland Industries, Inc. (NasdaqGM: LAKE), maintaining a price target of $18. Analyst Michael Shlisky continues to see potential in the company, which traded at $10.78 at the time of the report.
Lakeland Industries, Inc. Stock Down 12.1%
Shares of Lakeland Industries traded near $10.78. The company has a market cap of approximately $108.4 million and a forward P/E ratio of 19.1. With a beta of 1.458, the stock has experienced some volatility. Over the past 52 weeks, shares have ranged from a low of $7.15 to a high of $18.0. The 50-day moving average is $10.05, while the 200-day moving average is $11.57. Lakeland's current ratio stands at 3.089, and its quick ratio is 1.277, with a debt-to-equity ratio of 31.651.
Recent Earnings
Lakeland Industries reported revenue of $193.3 million, with a modest growth rate of 1.4%. However, the company is not currently profitable, as indicated by a net margin of -10.88% and a return on equity of -15.36%. The next earnings report is expected on June 9, 2026.
Insider Buying and Selling at Lakeland Industries, Inc.
Several insiders recently purchased shares of Lakeland Industries on May 27, 2026. President and CEO James Jenkins acquired 23,619 shares, while CFO and Secretary James Calven Swinea Jr. bought 9,175 shares. Other executives, including Chief Revenue Officer Barry Phillips and Chief Operating Officer An Hui, also made purchases. These transactions were not part of any pre-planned trading programs.
Analysts Set New Price Targets
On June 11, 2026, DA Davidson maintained its buy rating and set a price target of $18 for Lakeland Industries. This follows an earlier upgrade to buy on April 20, 2026, with an initial target of $14. Lake Street has also maintained a buy rating with targets ranging from $13 to $19 over recent months. Overall, the consensus recommendation is a strong buy, with an average target price of $16.5 based on four analyst opinions.
Other Institutional Activity in Lakeland Industries
Private Capital Management, LLC increased its holdings by 305,790 shares, bringing its total to 1,508,223 shares worth about $12.35 million. Royce & Associates LP added 62,799 shares, now holding 1,213,422 shares valued at approximately $9.94 million. Pacific Ridge Capital Partners, LLC grew its stake by 156,966 shares, totaling 928,981 shares worth $7.61 million. Meanwhile, BlackRock, Inc. slightly reduced its position by 5,241 shares, ending with 556,437 shares valued at $4.56 million. Dimensional Fund Advisors LP decreased its holdings by 100,858 shares, now holding 329,144 shares worth about $2.70 million.
About Lakeland Industries
Lakeland Industries, Inc. manufactures and sells protective clothing and accessories for industrial and first responder markets. Its products include firefighter apparel, chemical protective suits, and disposable clothing like coveralls and lab coats. The company serves various industries, including oil, chemical, automotive, and electronics, and operates globally with headquarters in Huntsville, Alabama. Led by CEO James M. Jenkins, Lakeland employs around 2,570 people.
Bottom Line
DA Davidson's reaffirmation of a buy rating with an $18 target suggests continued confidence in Lakeland Industries' prospects. Investors often watch such analyst ratings as they can influence market perceptions. It's important to remember that these ratings are based on past performance and expectations, and actual future results may vary.
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