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Lakeland Industries (NASDAQ:LAKE) President, CEO and Executive Chairman James M. Jenkins reported purchasing 1,000 shares of the company’s common stock at a price of $13.14 on June 18, 2025. The total value of the purchase was $13,140. The purchase comes as the $129 million market cap company trades near its 52-week low of $12.76, with the stock down about 44% over the past six months. According to InvestingPro analysis, the stock is currently showing oversold conditions, with several indicators suggesting potential undervaluation.
Following the transaction, Jenkins directly owns 97,272 shares of Lakeland Industries. He also indirectly owns 990 shares through his spouse. InvestingPro subscribers can access 14+ additional insights about LAKE, including detailed insider trading patterns and comprehensive valuation metrics through the Pro Research Report, helping investors make more informed decisions about this protective equipment manufacturer.
In other recent news, Lakeland Industries reported a notable 29% increase in revenue for the first quarter of 2025, totaling $46.7 million. Despite the revenue growth, the company experienced a net loss of $3.9 million, contrasting with a net income of $1.7 million in the same quarter last year. The company’s gross profit margin decreased to 33.5% from 44.6%, primarily due to higher operational expenses and tariff-related challenges. Additionally, Lakeland Industries projected full-year revenue to range between $210 million and $220 million, with expectations of sequential growth in gross margins and EBITDA in the coming quarters.
In another development, the company held its 2025 Annual Meeting of Stockholders, where Class III directors were elected, and the appointment of RSM US LLP as the independent auditor was ratified. Executive compensation was also approved on an advisory basis during the meeting. Lakeland Industries continues to navigate challenges in the fire protection sector, with a focus on strategic initiatives and acquisitions to drive growth. The company has been actively addressing tariff uncertainties and operational expenses, which have impacted profitability. Investors remain attentive to the company’s strategic moves and financial performance in the evolving market landscape.
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