A new analysis shows Lakeland trading a little higher than its peers over the past two years, and it’s not because of the financial crisis.
The analysis by the Chicago Board Options Exchange found the company trades at a relatively high discount to the price it’s worth in the real world.
Lakeland, based in Lakeland Beach, Fla., trades at more than 25 times the average price of its peers.
Lakelands value-based equity index (VIX) was up more than 40% over the last 12 months, and its equity market capitalization was $14.3 billion at the end of August.
LakeLand is worth about $3.5 billion, according to the Chicago Mercantile Exchange.
The company, founded in 2014, trades on the London-based CME Global Markets, and a recent report by the Wall Street Journal showed that it’s in the midst of an aggressive buyback program.