LSI Industries Inc. (LYTS) PT Set at $6.00 by Roth Capital

Roth Capital set a $6.00 target price on LSI Industries Inc. (NASDAQ:LYTS) in a research note released on Friday. The brokerage currently has a hold rating on the construction company’s stock.

A number of other research analysts have also recently commented on the company. Zacks Investment Research upgraded LSI Industries from a sell rating to a buy rating and set a $7.75 price target on the stock in a research note on Wednesday, October 4th. Canaccord Genuity restated a buy rating and set a $9.00 price target on shares of LSI Industries in a research note on Monday, August 7th. Finally, TheStreet cut LSI Industries from a b- rating to a c+ rating in a research note on Thursday, August 10th.

Shares of LSI Industries (NASDAQ:LYTS) opened at 6.82 on Friday. The firm’s 50-day moving average price is $6.21 and its 200-day moving average price is $8.05. LSI Industries has a 12 month low of $4.99 and a 12 month high of $11.00. The company has a market capitalization of $173.96 million, a price-to-earnings ratio of 57.80 and a beta of 1.64.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings results on Thursday, August 17th. The construction company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). LSI Industries had a return on equity of 3.14% and a net margin of 0.91%. The firm had revenue of $83.42 million for the quarter, compared to analyst estimates of $86.55 million. During the same quarter last year, the company earned $0.06 earnings per share. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. Equities research analysts expect that LSI Industries will post $0.20 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “LSI Industries Inc. (LYTS) PT Set at $6.00 by Roth Capital” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another website, it was illegally copied and republished in violation of United States and international copyright laws. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/10/lsi-industries-inc-lyts-pt-set-at-6-00-by-roth-capital.html.

In other news, VP Howard E. Japlon purchased 10,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were bought at an average cost of $5.90 per share, for a total transaction of $59,000.00. Following the completion of the purchase, the vice president now directly owns 18,500 shares of the company’s stock, valued at $109,150. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP James E. Galeese purchased 16,700 shares of the firm’s stock in a transaction on Friday, August 18th. The shares were purchased at an average price of $6.01 per share, for a total transaction of $100,367.00. Following the completion of the purchase, the vice president now directly owns 330 shares of the company’s stock, valued at $1,983.30. The disclosure for this purchase can be found here. Insiders have acquired 42,525 shares of company stock worth $249,675 over the last 90 days. 6.37% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in LYTS. Teachers Advisors LLC raised its stake in shares of LSI Industries by 15.5% in the fourth quarter. Teachers Advisors LLC now owns 50,039 shares of the construction company’s stock valued at $487,000 after acquiring an additional 6,711 shares in the last quarter. Nationwide Fund Advisors raised its stake in shares of LSI Industries by 57.2% in the first quarter. Nationwide Fund Advisors now owns 31,044 shares of the construction company’s stock valued at $313,000 after acquiring an additional 11,302 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of LSI Industries by 232.8% in the first quarter. Russell Investments Group Ltd. now owns 21,630 shares of the construction company’s stock valued at $219,000 after acquiring an additional 15,130 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of LSI Industries by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 207,912 shares of the construction company’s stock valued at $2,098,000 after acquiring an additional 5,776 shares in the last quarter. Finally, American International Group Inc. raised its stake in shares of LSI Industries by 7.0% in the first quarter. American International Group Inc. now owns 14,638 shares of the construction company’s stock valued at $148,000 after acquiring an additional 963 shares in the last quarter. Institutional investors and hedge funds own 77.50% of the company’s stock. <

A number of other research analysts have also recently commented on the company. Zacks Investment Research upgraded LSI Industries from a sell rating to a buy rating and set a $7.75 price target on the stock in a research note on Wednesday, October 4th. Canaccord Genuity restated a buy rating and set a $9.00 price target on shares of LSI Industries in a research note on Monday, August 7th. Finally, TheStreet cut LSI Industries from a b- rating to a c+ rating in a research note on Thursday, August 10th.

Shares of LSI Industries (NASDAQ:LYTS) opened at 6.82 on Friday. The firm’s 50-day moving average price is $6.21 and its 200-day moving average price is $8.05. LSI Industries has a 12 month low of $4.99 and a 12 month high of $11.00. The company has a market capitalization of $173.96 million, a price-to-earnings ratio of 57.80 and a beta of 1.64.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings results on Thursday, August 17th. The construction company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). LSI Industries had a return on equity of 3.14% and a net margin of 0.91%. The firm had revenue of $83.42 million for the quarter, compared to analyst estimates of $86.55 million. During the same quarter last year, the company earned $0.06 earnings per share. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. Equities research analysts expect that LSI Industries will post $0.20 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “LSI Industries Inc. (LYTS) PT Set at $6.00 by Roth Capital” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another website, it was illegally copied and republished in violation of United States and international copyright laws. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/10/lsi-industries-inc-lyts-pt-set-at-6-00-by-roth-capital.html.

In other news, VP Howard E. Japlon purchased 10,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were bought at an average cost of $5.90 per share, for a total transaction of $59,000.00. Following the completion of the purchase, the vice president now directly owns 18,500 shares of the company’s stock, valued at $109,150. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP James E. Galeese purchased 16,700 shares of the firm’s stock in a transaction on Friday, August 18th. The shares were purchased at an average price of $6.01 per share, for a total transaction of $100,367.00. Following the completion of the purchase, the vice president now directly owns 330 shares of the company’s stock, valued at $1,983.30. The disclosure for this purchase can be found here. Insiders have acquired 42,525 shares of company stock worth $249,675 over the last 90 days. 6.37% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in LYTS. Teachers Advisors LLC raised its stake in shares of LSI Industries by 15.5% in the fourth quarter. Teachers Advisors LLC now owns 50,039 shares of the construction company’s stock valued at $487,000 after acquiring an additional 6,711 shares in the last quarter. Nationwide Fund Advisors raised its stake in shares of LSI Industries by 57.2% in the first quarter. Nationwide Fund Advisors now owns 31,044 shares of the construction company’s stock valued at $313,000 after acquiring an additional 11,302 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of LSI Industries by 232.8% in the first quarter. Russell Investments Group Ltd. now owns 21,630 shares of the construction company’s stock valued at $219,000 after acquiring an additional 15,130 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of LSI Industries by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 207,912 shares of the construction company’s stock valued at $2,098,000 after acquiring an additional 5,776 shares in the last quarter. Finally, American International Group Inc. raised its stake in shares of LSI Industries by 7.0% in the first quarter. American International Group Inc. now owns 14,638 shares of the construction company’s stock valued at $148,000 after acquiring an additional 963 shares in the last quarter. Institutional investors and hedge funds own 77.50% of the company’s stock.

About LSI Industries

LSI Industries Inc is a provider of corporate visual image solutions to the petroleum/convenience store industry. The Company designs and develops aspects of the solid-state light emitting diode (LED) lighting, from the electronic circuit board, to the software to drive and control the LEDs, to the structure of the LED product.

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