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Lakeland Industries

LAKE on Nasdaq. Market value $117m.

Watch this stockFree. We tell you when something changes.

Should I look at this?

Look carefully before going further

Why it could be worth it

Nothing stands out yet.

What to watch out for

Read the warning sign in its own filings

This is not advice.

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Who owns it

1 long-term investor we follow owns it, unchanged from 1 last quarter. 66 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

5 investors own more than 5%.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 6 insiders bought $72,803 of shares on the open market. 1 sold $71,484.

  • Stokes Cameron
    See Remarks
    Bought
    Date
    13 January 2026
    Shares
    450
    Price
    $9.43
    Value
    $4,244
  • Hui An
    Chief Operating Officer
    Bought
    Date
    9 January 2026
    Shares
    2,000
    Price
    $8.97
    Value
    $17,940
  • Swinea James Calven Jr.
    Interim CFO
    Bought
    Date
    9 January 2026
    Shares
    1,000
    Price
    $8.71
    Value
    $8,710
  • Jenkins James M.
    President, CEO & Exec. Chair, Director
    Bought
    Date
    5 January 2026
    Shares
    1,127
    Price
    $8.88
    Value
    $10,003
  • Phillips Barry G
    Chief Revenue Officer - Fire
    Bought
    Date
    23 December 2025
    Shares
    1,250
    Price
    $8.71
    Value
    $10,888
  • Yartz Laurel A.
    Chief Human Resources Officer
    Bought
    Date
    22 December 2025
    Shares
    1,350
    Price
    $8.15
    Value
    $11,000
  • Jenkins James M.
    President, CEO & Exec. Chair, Director
    Bought
    Date
    19 December 2025
    Shares
    1,265
    Price
    $7.92
    Value
    $10,019
  • Shannon Roger D
    Chief Financial Officer
    Sold
    Date
    16 December 2025
    Shares
    8,869
    Price
    $8.06
    Value
    $71,484

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

1 serious warning sign in Lakeland Industries’ filings.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 16 Apr 2026, plus the 10-Q filed 9 Sep 2026 and 3 later 8-Ks.

  • Weak checks on its own accounts

    Serious

    The company said its checks on its own accounts did not work at the end of its latest quarter. Mistakes could slip into the numbers.

    “Based on this evaluation, our principal executive officer and principal financial officer have concluded that as of July 31, 2026, our disclosure controls and procedures were not effective due to the material weakness in internal control over financial reporting described below.”
    Show the full paragraph
    Our management, under the supervision and with the participation of our principal executive officer and principal financial officer, has evaluated the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended, or the Exchange Act), as of July 31, 2026. The term “disclosure controls and procedures” means controls and other procedures of a company that are designed to ensure that information required to be disclosed by a company in the reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by a company in the reports that it files or submits under the Exchange Act is accumulated and communicated to the company’s management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate, to allow timely decisions regarding required disclosure. Based on this evaluation, our principal executive officer and principal financial officer have concluded that as of July 31, 2026, our disclosure controls and procedures were not effective due to the material weakness in internal control over financial reporting described below.

    From the 10-Q filed 9 September 2026, Part I, Item 4. Controls and Procedures. Read it in the filing

  • Changed auditor

    Worth knowing

    The company changed its auditor (the firm that checks its books) in the last two years.

    “On October 11, 2024, Lakeland Industries, Inc. (the “Company”) dismissed its independent accountant, Deloitte & Touche LLP (“Deloitte”), effective immediately.”

    From an 8-K filed 18 October 2024: Change of auditor. Read it in the filing

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.