LSI Industries Inc. (NASDAQ:LYTS) Stock Has Average Target Price of $29.00

Key Points

• Analyst sentiment is moderately bullish: LSI Industries has a consensus “Moderate Buy” rating, with three buys and two holds. The average 12-month price target is $29.00 versus a recent share price of $19.72.
• Quarterly results exceeded expectations: The company reported earnings of $0.38 per share, above the $0.35 consensus estimate, while revenue reached $234.62 million compared with expectations of $222.78 million.
• Investors receive a modest dividend, while insiders have been selling: LSI Industries pays a quarterly dividend of $0.05, equivalent to a 1.0% annual yield. Insiders sold 96,345 shares worth about $1.93 million during the last quarter, while institutional investors own 73.91% of the stock.

Shares of LSI Industries Inc. (NASDAQ:LYTS - Get Free Report) have earned a consensus rating of "Moderate Buy" from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $29.00.

Several equities analysts have issued reports on LYTS shares. Wall Street Zen upgraded shares of LSI Industries from a "hold" rating to a "buy" rating in a research note on Saturday, September 26th. HC Wainwright reiterated a "buy" rating and issued a $30.00 price target on shares of LSI Industries in a research note on Friday, October 2nd. Oppenheimer decreased their price objective on shares of LSI Industries from $30.00 to $29.00 and set an "outperform" rating for the company in a report on Friday, August 21st. Weiss Ratings raised shares of LSI Industries from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. Finally, Morgan Stanley set a $30.00 price objective on shares of LSI Industries in a research report on Friday, August 21st.

LSI Industries Stock Down 2.5%

LSI Industries stock opened at $19.72 on Friday. The firm has a market cap of $735.75 million, a price-to-earnings ratio of 29.43 and a beta of 0.48. The stock has a fifty day simple moving average of $21.02 and a two-hundred day simple moving average of $22.53. LSI Industries has a 12 month low of $17.20 and a 12 month high of $27.36. The company has a current ratio of 1.97, a quick ratio of 1.22 and a debt-to-equity ratio of 0.68.

LSI Industries (NASDAQ:LYTS - Get Free Report) last posted its quarterly earnings results on Thursday, August 20th. The construction company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.03. The firm had revenue of $234.62 million during the quarter, compared to analysts' expectations of $222.78 million. LSI Industries had a return on equity of 7.51% and a net margin of 3.28%. Equities analysts predict that LSI Industries will post 0.82 EPS for the current fiscal year.

LSI Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 31st were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Monday, August 31st. LSI Industries's payout ratio is 29.85%.

Insider Activity at LSI Industries

In other LSI Industries news, CEO James Clark sold 13,907 shares of the business's stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $20.28, for a total transaction of $282,033.96. Following the completion of the sale, the chief executive officer directly owned 595,734 shares in the company, valued at approximately $12,081,485.52. The trade was a 2.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO James Galeese sold 4,778 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $20.28, for a total value of $96,897.84. Following the transaction, the chief financial officer directly owned 185,962 shares in the company, valued at $3,771,309.36. The trade was a 2.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 96,345 shares of company stock valued at $1,928,267 in the last quarter. 7.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Annex Advisory Services LLC boosted its position in LSI Industries by 11.9% in the third quarter. Annex Advisory Services LLC now owns 97,958 shares of the construction company's stock worth $2,033,000 after purchasing an additional 10,431 shares during the last quarter. Arizona State Retirement System bought a new stake in shares of LSI Industries during the 2nd quarter valued at about $242,000. Ameritas Advisory Services LLC purchased a new stake in shares of LSI Industries during the 2nd quarter valued at about $31,000. AXQ Capital LP increased its position in shares of LSI Industries by 117.7% during the 2nd quarter. AXQ Capital LP now owns 24,007 shares of the construction company's stock valued at $638,000 after purchasing an additional 12,979 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of LSI Industries by 17.8% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 41,610 shares of the construction company's stock valued at $1,106,000 after purchasing an additional 6,273 shares during the last quarter. Institutional investors own 73.91% of the company's stock.

About LSI Industries

LSI Industries Inc is a commercial lighting and visual solutions company headquartered in Cincinnati, Ohio. The company designs and manufactures indoor and outdoor lighting systems, digital signage, display products and related technologies for commercial and industrial customers.

Its product portfolio includes LED lighting fixtures and controls, digital displays, petroleum and convenience-store signage, canopy systems, retail graphics, and sports lighting solutions. LSI Industries serves customers in markets such as convenience stores and fuel stations, retail, grocery, commercial facilities, sports venues, and other outdoor environments.

The company's solutions are used to support facility illumination, branding, wayfinding, advertising and customer engagement.

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