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Lakeland Industries, Inc.
Lakeland Industries, Inc. (NASDAQ: LAKE) manufactures and distributes industrial protective clothing and accessories for the industrial and public protective clothing markets. Its products are sold to a network of over 1,600 global safety and industrial supply distributors via its in-house sales teams, customer service group, and authorized independent sales agents.
Why should Investors make an Exit?
Valuation Methodology: EV/EBITDA Multiple Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's NTM trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
Stock Recommendation:
LAKE's share price has been on a bearish trend throughout the year, fallen 29.52% in the past twelve months and is currently trading at the lower band of the 52-week range of USD 18.04 to USD 29.64. We have valued the stock using the EV/EBITDA-based relative valuation methodology and arrived at a target price of USD 17.52.
Considering the decline in topline and bottom-line numbers, fall in margins, associated risks, current valuation, and detrimental technical indicators, we recommend a "Sell" rating on the stock at the closing price of USD 19.46, up 0.26% as of April 05, 2022.
Three-Year Technical Price Chart (as of April 05, 2022). Source: REFINITIV, Analysis by Kalkine Group
*All forecasted figures and Industry Information have been taken from REFINITIV.
*The reference data in this report has been partly sourced from REFINITIV.