Roth Capital Reiterates $150.00 Price Target for Acuity Brands, Inc. (AYI)

Roth Capital set a $150.00 price objective on Acuity Brands, Inc. (NYSE:AYI) in a research report released on Wednesday morning. The brokerage currently has a sell rating on the stock.

AYI has been the subject of several other reports. Deutsche Bank AG reissued a buy rating and set a $300.00 target price on shares of Acuity Brands in a research note on Monday, November 28th. Zacks Investment Research raised Acuity Brands from a sell rating to a hold rating in a research note on Monday, March 6th. JMP Securities started coverage on Acuity Brands in a research note on Thursday, December 8th. They set an underperform rating and a $200.00 target price for the company. Cowen and Company set a $285.00 target price on Acuity Brands and gave the stock a buy rating in a research note on Tuesday, November 29th. Finally, Robert W. Baird raised Acuity Brands from a neutral rating to an outperform rating and lowered their target price for the stock from $265.00 to $242.00 in a research note on Tuesday, January 10th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. Acuity Brands presently has an average rating of Buy and an average target price of $255.25.

Acuity Brands (NYSE:AYI) opened at 200.00 on Wednesday. The stock has a 50 day moving average price of $210.74 and a 200-day moving average price of $232.73. Acuity Brands has a one year low of $193.06 and a one year high of $280.89. The firm has a market capitalization of $8.76 billion, a price-to-earnings ratio of 28.90 and a beta of 1.33.

Acuity Brands (NYSE:AYI) last released its earnings results on Monday, January 9th. The company reported $2.00 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.16 by $0.16. Acuity Brands had a return on equity of 20.71% and a net margin of 8.93%. The company had revenue of $821.20 million for the quarter. During the same period last year, the firm earned $1.65 earnings per share. Acuity Brands’s quarterly revenue was up 15.6% compared to the same quarter last year. On average, analysts predict that Acuity Brands will post $8.73 earnings per share for the current fiscal year.

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In other Acuity Brands news, Director Ray M. Robinson sold 1,100 shares of Acuity Brands stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $206.19, for a total transaction of $226,809.00. Following the completion of the sale, the director now directly owns 1,307 shares of the company’s stock, valued at approximately $269,490.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in AYI. Stephens Investment Management Group LLC increased its stake in shares of Acuity Brands by 7.2% in the third quarter. Stephens Investment Management Group LLC now owns 106,812 shares of the company’s stock worth $28,262,000 after buying an additional 7,147 shares during the period. Zevenbergen Capital Investments LLC increased its stake in shares of Acuity Brands by 7.7% in the third quarter. Zevenbergen Capital Investments LLC now owns 135,210 shares of the company’s stock worth $35,777,000 after buying an additional 9,695 shares during the period. Carderock Capital Management Inc. acquired a new stake in shares of Acuity Brands during the third quarter worth about $1,862,000. TD Asset Management Inc. increased its stake in shares of Acuity Brands by 1.7% in the third quarter. TD Asset Management Inc. now owns 48,183 shares of the company’s stock worth $12,749,000 after buying an additional 783 shares during the period. Finally, State of Tennessee Treasury Department increased its stake in shares of Acuity Brands by 40.9% in the third quarter. State of Tennessee Treasury Department now owns 74,680 shares of the company’s stock worth $19,761,000 after buying an additional 21,669 shares during the period. 91.28% of the stock is owned by institutional investors.

About Acuity Brands

Acuity Brands, Inc is a provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America and other international markets. The Company operates through North American segment. The Company offers a portfolio of indoor and outdoor lighting and building management solutions for commercial, institutional, industrial, infrastructure and residential applications.

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