|Bid||0.00 x 900|
|Ask||0.00 x 1100|
|Day's range||21.15 - 23.65|
|52-week range||17.88 - 47.95|
|Beta (5Y monthly)||-0.00|
|PE ratio (TTM)||4.95|
|Earnings date||07 Sept 2021 - 13 Sept 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||40.00|
Shares of Lakeland Industries (NASDAQ: LAKE) dropped as much as 14.1% in trading on Thursday after the company reported fiscal first-quarter 2022 results. Management said that demand for personal protective equipment (PPE) was down as the worst of the pandemic subsided and customers experienced higher inventory levels. As many companies start to see demand pick up while the pandemic subsides, Lakeland Industries is one company that will see its business slow.
Lakeland Industries (NASDAQ:LAKE) stock fell more than 7% in Thursday’s premarket trading a day after the company reported weaker than expected quarterly results. The maker of personal protective equipment saw Covid-related demand tapering off as the pandemic came off its peak globally, with the share of revenues in net sales attributable to Covid almost halving to 13% in the quarter ended April 30 from 25% in the same quarter of the last fiscal year. Lakeland President and Chief Executive Officer Charles D. Roberson warned supply now exceeds demand in the protective clothing market.
Today we will run through one way of estimating the intrinsic value of Lakeland Industries, Inc. ( NASDAQ:LAKE ) by...