Lakeland Industries (LAKE) transitioning to fire safety gear, potential 160% upside

From Yahoo Finance: 2025-05-21 12:55:00

Lakeland Industries, Inc. (LAKE) is trading at $19.44 as of May 19th with a trailing P/E of 77.12 and forward P/E of 14.51. The company, under CEO Jim Jenkins, is transitioning from PPE manufacturing to fire safety gear through strategic acquisitions. LAKE targets $47 million EBITDA by FY29, offering a potential 160% upside.

Despite the transformative shift, Lakeland Industries, Inc. (LAKE) is not among the 30 most popular stocks among hedge funds. 11 hedge fund portfolios held LAKE at the end of the fourth quarter. However, some AI stocks are believed to hold greater promise for higher returns in a shorter timeframe compared to LAKE.



Read more at Yahoo Finance: Lakeland Industries, Inc. (LAKE): A Bull Case Theory