Lakeland Industries Receives Order for Safety Footwear from Belgian Police
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
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Lakeland Industries announced it has received an order from the Belgian Federal Police and Local Police departments for certified safety footwear. Terms of the order were not disclosed. The Belgian Federal Police force carries out specialized and supra-local administrative and judicial police operations, supporting both local and federal police services and units, and has approximately 12,300 officers and civilian personnel. Belgium is subdivided into 196 local police areas, with approximately 30,000 local police officers. "This order represents the third time we have been awarded this tender, driven by the strong overall performance, comfort and durability of the footwear during the end-user testing phase," said Jim Jenkins, President and CEO of Lakeland Fire + Safety. "A combination of product quality and proven supply reliability has been a consistent strength of this partnership over successive contract cycles, supporting the long-term sustainability of our relationship. We believe there is potential for further orders in future contract cycles and look forward to providing additional safety footwear to Belgium's police forces.
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Analyst Views on LAKE
Wall Street analysts forecast LAKE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LAKE is 18.50 USD with a low forecast of 14.00 USD and a high forecast of 27.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 9.030
Low
14.00
Averages
18.50
High
27.00
Current: 9.030
Low
14.00
Averages
18.50
High
27.00
About LAKE
Lakeland Industries, Inc. manufactures and sells a comprehensive line of fire services and industrial protective clothing and accessories for the industrial and first responder markets. Its product portfolio includes firefighter protective apparel and accessories, high-end chemical protective suits, limited use/disposable protective clothing, durable woven garments, high performance FR/AR apparel, and high visibility clothing. Its products are sold globally by its in-house sales teams, its customer service group, and authorized independent sales representatives to a strategic global network of selective fire and industrial distributors and wholesale partners. Its authorized distributors supply end users, such as integrated oil, chemical/petrochemical, automobile, transportation, steel, glass, construction, smelting, cleanroom, janitorial, pharmaceutical, and high technology electronics manufacturers, as well as scientific, medical laboratories and the utilities industry.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Rosen Law Firm Investigates Lakeland Securities Claims
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- Withdrawal of Financial Guidance: On December 9, 2025, Lakeland withdrew its financial guidance for fiscal year 2026, failing to provide future forecasts, which led to a 38.97% drop in stock price the following day.
- Class Action Preparation: The firm is preparing a class action lawsuit to seek compensation for affected investors, with no out-of-pocket fees required from them.
- Firm Reputation: Rosen Law Firm is renowned for its success in securities class actions, having recovered over $438 million for investors in 2019 alone, showcasing its strength and experience in handling such cases.
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Lakeland Secures Order from Belgian Police for Safety Footwear
- Order Achievement: Lakeland Industries has secured an order from the Belgian Federal and Local Police for safety footwear, marking the third award in a six-year tender agreement, which underscores the strong performance, comfort, and durability of their products, potentially solidifying long-term partnerships with Belgian law enforcement.
- Global Market Reach: The company's premium boot line is recognized globally, with markets spanning Europe, Latin America, and the U.S., serving various sectors including fire, police, industrial, and military, highlighting the extensive applicability and market potential of their offerings.
- Local Distribution Advantage: This transaction utilized Lakeland's local distributor, leveraging established market knowledge and regulatory expertise, which illustrates the potential for attractive cross-selling opportunities across different markets and reinforces the company's leading position in the global fire safety brand.
- Future Prospects: Lakeland anticipates further orders in future contract cycles based on product quality and supply reliability, indicating the company's ongoing growth potential and strategic positioning in the global market.
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