Jeffrey Schlarbaum Purchases Shares in Lakeland Industries
Insider Jeffrey Schlarbaum acquired 7,553 shares of Lakeland Industries on June 16, 2026.
Key Points
- Jeffrey Schlarbaum bought 7,553 shares of Lakeland Industries, Inc. (LAKE) on June 16, 2026.
- Shares of LAKE traded at $10.42, with a market cap of $102.8 million and a forward P/E of 18.12.
- Other insiders, including Thomas McAteer and Martin Glavin, also bought shares; analysts maintain a strong buy consensus.
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Jeffrey Schlarbaum, an insider at Lakeland Industries, Inc. (NasdaqGM: LAKE), purchased 7,553 shares of the company's stock on June 16, 2026. This insider activity comes as the company navigates a challenging market environment.
Insider Buying and Selling at Lakeland Industries, Inc.
On June 16, 2026, Jeffrey Schlarbaum joined several other insiders, including Thomas McAteer, Martin Glavin, Lee Rudow, Melissa Kidd, and Ronald Herring Jr., in buying 7,553 shares each of Lakeland Industries. These transactions were not conducted under a pre-planned 10b5-1 trading plan.
Other Institutional Activity in Lakeland Industries
Private Capital Management, LLC increased its holdings by 305,790 shares, ending with 1,508,223 shares valued at approximately $12.35 million. Royce & Associates LP added 62,799 shares, bringing its total to 1,213,422 shares worth about $9.94 million. Pacific Ridge Capital Partners, LLC grew its position by 156,966 shares, now holding 928,981 shares valued at $7.61 million. BlackRock, Inc. slightly reduced its stake by 5,241 shares, maintaining 556,437 shares valued at $4.56 million, while Dimensional Fund Advisors LP cut its holdings by 100,858 shares to 329,144 shares, worth around $2.70 million.
Lakeland Industries, Inc. Stock Down 13.2%
Shares of Lakeland Industries, Inc. traded at $10.42. The company has a market capitalization of $102.8 million and a forward P/E ratio of 18.12, with a beta of 1.458, indicating a higher volatility than the market. The stock's 52-week range is between $7.15 and $18.00, with a 50-day moving average of $10.09 and a 200-day moving average of $11.55. Lakeland maintains a strong financial position with a current ratio of 3.09 and a quick ratio of 1.28, alongside a debt-to-equity ratio of 31.65.
Recent Earnings
In its latest earnings report, Lakeland Industries posted revenue of $193.3 million with a modest growth of 1.4%. Despite this, the company has faced profitability challenges, with a negative net margin of 10.88% and a return on equity of -15.36%. The next earnings release is scheduled for September 9, 2026.
Analysts Set New Price Targets
On June 11, 2026, DA Davidson maintained its 'buy' rating on Lakeland Industries, setting a price target of $18.0. The stock has a consensus recommendation of 'strong buy' among analysts, with a mean price target of $16.50 based on four opinions.
About Lakeland Industries
Lakeland Industries, Inc. designs and manufactures protective clothing for various industries, including first responders. Based in Huntsville, Alabama, the company serves sectors like oil, chemical, and pharmaceuticals with products ranging from firefighter gear to chemical protective suits. Led by CEO James M. Jenkins, Lakeland operates globally, employing around 2,570 people.
Bottom Line
Jeffrey Schlarbaum’s purchase of Lakeland Industries shares signals confidence in the company's future despite current financial challenges. Investors often watch insider transactions for potential insights into a company's prospects. However, it's important to remember that these insider buys reflect personal decisions and not necessarily a forecast of future stock performance.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.