LSI Industries (NASDAQ:LYTS) Price Target Cut to $29.00 by Analysts at Oppenheimer

Key Points

• Oppenheimer cut LSI Industries’ price target to $29 from $30 but maintained an “outperform” rating, implying roughly 41% upside from the reported $20.62 share price. The stock has a consensus “Moderate Buy” rating and average target of $28.50.
• LSI reported quarterly adjusted EPS of $0.38 and revenue of $234.6 million, exceeding analyst estimates of $0.35 and $222.8 million. However, GAAP EPS fell to $0.18 from $0.26 a year earlier, highlighting pressure on profitability despite strong sales growth.
• Insiders sold 256,173 shares worth about $6.2 million over the past 90 days, including substantial reductions by the CFO and an executive vice president. Institutional investors own approximately 73.9% of the company’s shares.

LSI Industries (NASDAQ:LYTS - Get Free Report) had its target price dropped by Oppenheimer from $30.00 to $29.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an "outperform" rating on the construction company's stock. Oppenheimer's price objective points to a potential upside of 40.64% from the stock's current price.

A number of other brokerages have also recently issued reports on LYTS. Wall Street Zen cut LSI Industries from a "buy" rating to a "hold" rating in a research note on Saturday, May 16th. Weiss Ratings cut shares of LSI Industries from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday. Finally, HC Wainwright restated a "buy" rating on shares of LSI Industries in a report on Friday. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, LSI Industries currently has a consensus rating of "Moderate Buy" and an average target price of $28.50.

LSI Industries Price Performance

NASDAQ:LYTS opened at $20.62 on Friday. LSI Industries has a 52-week low of $17.20 and a 52-week high of $27.36. The company has a market cap of $756.96 million, a P/E ratio of 27.49 and a beta of 0.56. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.86 and a current ratio of 1.48. The stock's 50-day simple moving average is $24.70 and its 200 day simple moving average is $22.71.

LSI Industries (NASDAQ:LYTS - Get Free Report) last issued its quarterly earnings results on Thursday, August 20th. The construction company reported $0.38 EPS for the quarter, beating 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 8.90% and a net margin of 3.91%. As a group, sell-side analysts forecast that LSI Industries will post 0.78 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO James E. Galeese sold 136,578 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $24.29, for a total value of $3,317,479.62. Following the completion of the transaction, the chief financial officer owned 173,288 shares of the company's stock, valued at $4,209,165.52. This represents a 44.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas A. Caneris sold 109,226 shares of LSI Industries stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $24.29, for a total value of $2,653,099.54. Following the sale, the executive vice president directly owned 64,790 shares in the company, valued at $1,573,749.10. The trade was a 62.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 256,173 shares of company stock worth $6,220,368. Corporate insiders own 7.30% of the company's stock.

Institutional Trading of LSI Industries

Institutional investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in LSI Industries by 17.8% in the second 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 buying an additional 6,273 shares during the period. Wellington Management Group LLP lifted its position in shares of LSI Industries by 5.4% during the 2nd quarter. Wellington Management Group LLP now owns 1,372,841 shares of the construction company's stock valued at $36,490,000 after acquiring an additional 70,033 shares during the period. PenderFund Capital Management Ltd. bought a new position in LSI Industries during the second quarter worth $41,000. Punch & Associates Investment Management Inc. acquired a new stake in LSI Industries in the second quarter worth $4,454,000. Finally, Bank of America Corp DE acquired a new position in shares of LSI Industries during the second quarter valued at about $1,301,000. 73.91% of the stock is currently owned by institutional investors.

Trending Headlines about LSI Industries

Here are the key news stories impacting LSI Industries this week:

• Positive Sentiment: Fiscal fourth-quarter sales increased 51% year over year to $234.6 million, exceeding analyst expectations of $222.8 million. Organic growth was 8%, while full-year revenue rose 20% to a record $689.4 million. LSI Industries Reports Fiscal 2026 Fourth Quarter and Full-Year Results
• Positive Sentiment: Adjusted fourth-quarter earnings were $0.38 per diluted share, beating the $0.35 consensus estimate, with adjusted net income of $14.4 million and EBITDA of $21.2 million. Display Solutions generated $164.2 million in quarterly sales, and Lighting contributed $70.5 million. LSI Industries Earnings Report
• Positive Sentiment: The board declared a $0.05 quarterly dividend, payable September 8 to shareholders of record August 31. The dividend implies $0.20 in annual payments and an approximately 1% yield. LSI Industries Dividend Announcement
• Neutral Sentiment: Management characterized fiscal 2026 as transformational, but the earnings-call transcript will be important for investors assessing the sustainability of acquisition-related growth, organic demand and future margins. LSI Industries Q4 2026 Earnings Call Transcript
• Negative Sentiment: GAAP fourth-quarter EPS was only $0.18, down from $0.26 a year earlier, while full-year net income declined to $22.6 million from $24.4 million despite higher revenue. One earnings report cited $0.18 versus a $0.29 consensus, highlighting the difference between GAAP and adjusted results. LSI Misses Q4 Earnings Estimates
• Negative Sentiment: LSI had approximately $95 million available under its $350 million senior secured credit facility, and reported insider activity showed eight sales with no purchases during the past six months. These factors could add pressure to the stock’s valuation.

About LSI Industries

LSI Industries, Inc NASDAQ: LYTS is a diversified manufacturer and distributor of lighting, graphics and building technology products. Headquartered in Cincinnati, Ohio, the company develops energy-efficient LED lighting systems, branded and digital graphic displays, and integrated building technology solutions. Serving customers in the retail, quick-service and convenience store, industrial, hospitality and transportation markets, LSI combines design, engineering and manufacturing capabilities to address both aesthetic and functional needs.

In its lighting segment, LSI offers interior and exterior LED fixtures, canopy lights, high-bay and low-bay systems, and specialized horticultural grow lights.

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