Baird cuts target for Acuity Brands stock to USD 348

Acuity Brands (ISIN US00508Y1029) saw Baird analyst Timothy Wojs lower the price target from USD 360.00 to USD 348.00 while keeping a Neutral rating on October 2, 2026, according to Markets Insider. The last Lang & Schwarz close was EUR 269.00 on October 6, 2026.

Revenue grows as margins widen

Acuity Inc. reported fiscal fourth-quarter net sales of USD 1.24 billion for the period ended August 31, 2026, up 2.90 percent from the prior year. GAAP operating profit rose 25.70 percent to USD 227.00 million, lifting the GAAP operating margin to 18.20 percent from 14.90 percent.

The adjusted figures were also stronger. Adjusted diluted earnings per share increased 11.00 percent to USD 5.77, while adjusted operating profit rose 3.40 percent to USD 232.90 million and adjusted operating margin reached 18.70 percent.

Intelligent Spaces drives growth

The segment mix explains why the headline revenue growth understates the internal shift. Acuity Intelligent Spaces generated fiscal fourth-quarter sales of USD 297.60 million, up 16.60 percent year over year, while Acuity Brands Lighting sales fell 0.40 percent to USD 958.70 million, according to the company release.

For fiscal 2026, Intelligent Spaces sales increased 44.80 percent to USD 1.11 billion, compared with a 1.00 percent decline in Lighting sales to USD 3.58 billion. Operating cash flow reached USD 825.60 million in fiscal 2026, up 37.30 percent from USD 601.40 million in fiscal 2025.

Analyst caution meets stronger cash flow

MarketBeat listed 8 analyst ratings on October 6, 2026, comprising 3 Buy ratings and 5 Hold ratings. Its average twelve-month target was USD 390.20, with a high of USD 465.00 and a low of USD 348.00, while the consensus rating was Hold, according to MarketBeat.

The result is a split investor picture: operating efficiency and cash generation improved, but the Baird target cut points to a more cautious view of valuation and forward growth. The company also reported fiscal 2026 adjusted diluted earnings per share of USD 19.90, up 10.50 percent from the prior year.

Last close remains the market marker

The last Lang & Schwarz close was EUR 269.00 on October 6, 2026. Acuity Brands had a market capitalization of USD 9.1 billion and a 52-week range of USD 257.04 to USD 380.17 as of the October 6, 2026 primary-market quote.

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