Acuity Brands Inc. (NYSE:AYI)‘s stock had its “outperform” rating reaffirmed by William Blair in a research note issued to investors on Friday.
Several other research analysts have also commented on AYI. Zacks Investment Research raised Acuity Brands from a “hold” rating to a “buy” rating and set a $285.00 price target on the stock in a research report on Friday, June 24th. Canaccord Genuity reaffirmed a “buy” rating on shares of Acuity Brands in a research report on Wednesday, June 29th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and set a $295.00 price target on shares of Acuity Brands in a research report on Thursday, June 30th. Credit Agricole SA reaffirmed an “outperform” rating and set a $270.00 price target on shares of Acuity Brands in a research report on Friday, July 1st. Finally, Roth Capital began coverage on Acuity Brands in a research report on Thursday, August 25th. They set a “neutral” rating and a $275.00 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $275.36.
Acuity Brands (NYSE:AYI) opened at 242.15 on Friday. The stock has a market cap of $10.58 billion, a price-to-earnings ratio of 36.52 and a beta of 1.46. Acuity Brands has a 12 month low of $169.42 and a 12 month high of $280.89. The stock’s 50 day moving average price is $259.10 and its 200-day moving average price is $257.05.
Acuity Brands (NYSE:AYI) last released its quarterly earnings results on Wednesday, October 5th. The company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.39 by $0.18. The firm had revenue of $925.50 million for the quarter. Acuity Brands had a return on equity of 20.99% and a net margin of 8.84%. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.63 earnings per share. Equities research analysts predict that Acuity Brands will post $9.70 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Tuesday, October 18th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, October 14th. This represents a $0.52 dividend on an annualized basis and a yield of 0.21%. Acuity Brands’s payout ratio is 7.83%.
A number of hedge funds have recently bought and sold shares of AYI. Cim LLC increased its stake in Acuity Brands by 12.3% in the third quarter. Cim LLC now owns 3,385 shares of the company’s stock worth $895,000 after buying an additional 371 shares during the last quarter. Chesley Taft & Associates LLC purchased a new stake in Acuity Brands during the third quarter worth approximately $933,000. Eastern Bank increased its stake in Acuity Brands by 50.0% in the third quarter. Eastern Bank now owns 1,500 shares of the company’s stock worth $397,000 after buying an additional 500 shares during the last quarter. National Pension Service increased its stake in Acuity Brands by 9.3% in the third quarter. National Pension Service now owns 37,902 shares of the company’s stock worth $10,029,000 after buying an additional 3,229 shares during the last quarter. Finally, Genesee Valley Trust Co. increased its stake in Acuity Brands by 33.7% in the third quarter. Genesee Valley Trust Co. now owns 1,114 shares of the company’s stock worth $295,000 after buying an additional 281 shares during the last quarter. Institutional investors own 93.22% of the company’s stock.
Acuity Brands Company Profile