A secret that hides LSI Industries Inc.’s strength (NASDAQ:LYTS)

Stocks of LSI Industries Inc. (NASDAQ:LYTS) traded higher last session on Wall Street, up 1.33% to $12.96.

According to the data, LSI Industries Inc. (NASDAQ:LYTS) has 3 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $18.00 and a low of $12.00, we find $16.50. Given the previous closing price of $12.79, this indicates a potential upside of 29.01 percent. LYTS stock price is now 17.45% away from the 50-day moving average and 64.79% away from the 200-day moving average. The market capitalization of the company currently stands at $349.92M.

A total of 0 analysts have issued a hold rating and 3 have given it a buy rating. Brokers who have rated the stock have averaged $15.50 as their price target over the next twelve months.

With the price target of $18, Craig Hallum recently initiated with Buy rating for LSI Industries Inc. (NASDAQ: LYTS). , while ‘ROTH Capital’ rates the stock as ‘Buy’.

In other news, Bastian Jeffery S., Chief Accounting Officer sold 2,612 shares of the company’s stock on Sep 15. The stock was sold for $21,680 at an average price of $8.30. Upon completion of the transaction, the Chief Accounting Officer now directly owns 47,214 shares in the company, valued at $0.61 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 15, Executive VP; CFO Galeese James E sold 4,865 shares of the business’s stock. A total of $40,380 was realized by selling the stock at an average price of $8.30. This leaves the insider owning 107,365 shares of the company worth $1.39 million. Insiders disposed of 58,576 shares of company stock worth roughly $0.76 million over the past 1 year. A total of 3.50% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in LYTS stock. A new stake in LSI Industries Inc. shares was purchased by PINNACLE FINANCIAL PARTNERS INC during the first quarter worth $4,838,000. EAM INVESTORS, LLC invested $2,923,000 in shares of LYTS during the first quarter. In the first quarter, HILLSDALE INVESTMENT MANAGEMENT INC. acquired a new stake in LSI Industries Inc. valued at approximately $1,230,000. EISNERAMPER WEALTH MANAGEMENT CORPORATE BENEFITS, LLC acquired a new stake in LYTS for approximately $447,000. ARISTIDES CAPITAL LLC purchased a new stake in LYTS valued at around $389,000 in the second quarter. In total, there are 92 active investors with 61.20% ownership of the company’s stock.

Tuesday’s opening bell rang with an opening price of $12.80 for LSI Industries Inc. (NASDAQ: LYTS). During the past 12 months, LSI Industries Inc. has had a low of $5.41 and a high of $13.20. As of last week, the company has a debt-to-equity ratio of 0.51, a current ratio of 2.10, and a quick ratio of 1.10. The fifty day moving average price for LYTS is $11.15 and a two-hundred day moving average price translates $7.90 for the stock.

The latest earnings results from LSI Industries Inc. (NASDAQ: LYTS) was released for Jun, 2022. According to the Electronic Components Company, earnings per share came in at $0.21, beating analysts’ expectations of $0.13 by 0.08. This compares to $0.11 EPS in the same period last year. The net profit margin was 3.80% and return on equity was 12.50% for LYTS. The company reported revenue of $127.07 million for the quarter, compared to $106.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.43 percent. For the current quarter, analysts expect LYTS to generate $117.89M in revenue.

Moreover, the firm recently paid out its quarterly dividend on 11/22/2022. Investors who held shares on 11/14/2022 were paid a $0.05 dividend. On an annualized basis, this represents a $0.20 dividend and a 1.54% percent yield. There was an ex-dividend date of 11/10/2022 for this dividend. In terms of dividend payout ratio, LYTS is presently at 30.30%.

LSI Industries Inc.(LYTS) Company Profile

LSI Industries Inc. produces and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, Australia, and Latin America. It operates in two segments, Lighting and Display Solutions. The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting fixture and control solutions in the commercial and industrial markets. This segment also offers lighting control products, including sensors, photocontrols, dimmers, motion detection, and Bluetooth systems to support lighting fixtures; and designs, engineers, and manufactures electronic circuit boards, assemblies, and sub-assemblies. The Display Solutions segment manufactures, sells, and installs exterior and interior visual image and display elements, including printed and structural graphics, digital signage, menu board systems, display fixtures, refrigerated displays, and custom display elements. This segments products and services include signage and canopy graphics, pump dispenser graphics, building fascia graphics, decals, interior signage and marketing graphics, aisle markers, wall mural graphics, and refrigerated and non-refrigerated merchandising displays. This segment also implements, installs, and provides project management services comprising installation management, site surveys, permitting, and content management; and manages and executes the implementation of large rollout programs. It serves refueling and convenience store, parking lot and garage, quick-service restaurant, retail and grocery store, automotive, warehouse, sports court, and field markets, as well as warehouses. LSI Industries Inc. was founded in 1976 and is headquartered in Cincinnati, Ohio.