LSI Industries (NASDAQ:LYTS) Raised to Buy at Wall Street Zen

LSI Industries (NASDAQ:LYTS) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Sunday.

Several other brokerages also recently commented on LYTS. HC Wainwright reaffirmed a “buy” rating and set a $30.00 price objective on shares of LSI Industries in a research report on Tuesday, January 27th. Weiss Ratings reissued a “hold (c)” rating on shares of LSI Industries in a research note on Monday, December 29th. Canaccord Genuity Group lifted their price target on shares of LSI Industries from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Finally, Zacks Research lowered shares of LSI Industries from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $28.33.

LSI Industries Stock Performance

Shares of LYTS opened at $22.48 on Friday. The firm’s fifty day simple moving average is $20.25 and its two-hundred day simple moving average is $20.86. LSI Industries has a 12 month low of $13.77 and a 12 month high of $24.75. The company has a current ratio of 2.15, a quick ratio of 1.21 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $699.80 million, a P/E ratio of 27.41 and a beta of 0.20.

LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings data on Thursday, January 22nd. The construction company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.09. The company had revenue of $147.00 million for the quarter, compared to the consensus estimate of $140.11 million. LSI Industries had a return on equity of 10.90% and a net margin of 4.34%. As a group, analysts predict that LSI Industries will post 0.7 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. WealthTrust Axiom LLC grew its holdings in LSI Industries by 2.1% during the fourth quarter. WealthTrust Axiom LLC now owns 575,515 shares of the construction company’s stock worth $10,543,000 after buying an additional 11,706 shares in the last quarter. Kennedy Capital Management LLC boosted its holdings in LSI Industries by 20.2% during the 4th quarter. Kennedy Capital Management LLC now owns 407,936 shares of the construction company’s stock worth $7,473,000 after acquiring an additional 68,441 shares during the last quarter. Barclays PLC grew its stake in shares of LSI Industries by 6.6% in the 4th quarter. Barclays PLC now owns 64,207 shares of the construction company’s stock worth $1,176,000 after acquiring an additional 3,971 shares in the last quarter. Archon Capital Management LLC raised its holdings in shares of LSI Industries by 8.3% in the fourth quarter. Archon Capital Management LLC now owns 196,437 shares of the construction company’s stock valued at $3,599,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Walleye Capital LLC purchased a new stake in shares of LSI Industries in the fourth quarter valued at about $269,000. Hedge funds and other institutional investors own 73.91% of the company’s stock.

LSI Industries Company Profile

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.