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Lakeland Industries, Inc. Buyback

OLI recorded this information on 4/13/2022

Company: Lakeland Industries, Inc.
Buyback: LAKE buyback
$Amount Authorized: $5,000,000
Buyback Details: Lakeland Industries, Inc. (NASDAQ:LAKE) (the "Company" or "Lakeland"), a leading global manufacturer of protective clothing for industry, healthcare and first responders on the federal, state and local levels, announced today that its Board of Directors has authorized a new stock repurchase program under which the Company may repurchase up to $5 million of its outstanding common stock. This new program will become effective upon exhaustion of the current program which has approximately $800,000 remaining for repurchases. The new share repurchase program has no expiration date but may be terminated by the Board at any time.

Lakeland Industries manufactures and sells a line of protective clothing and accessories for the industrial and public protective clothing market. Co.'s products include: Firefighting and Heat Protective Apparel, which manufactures a line of structural firefighter protective apparel (turnout gear) for domestic and foreign fire departments; Chemical Protective Suits, which manufactures and sells heavy duty chemical protective suits and protective apparel from its proprietary CRFR, ChemMax® 3, 4, Interceptor and other fabrics; and Limited Use/Disposable Protective Clothing, which manufactures a line of limited use/disposable protective garments, including coveralls, pants, caps and smocks.
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Company Name:  Lakeland Industries, Inc.
Stock buyback:  LAKE buyback
Website:  www.lakeland.com
Sector:  Textiles & Apparel
Number of ETFs Holding LAKE:  5
Total Market Value Held by ETFs:  $6.96M
Total Market Capitalization:  $125.00M
% of Market Cap. Held by ETFs:  5.56%
 

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April 28, 2024    4:24 PM Eastern
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Strong Buy (4.00 out of 4)
87th percentile
(ranked higher than approx. 87% of all stocks covered)

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