Select Interior Concepts (NASDAQ:SIC) Lowered to “Sell” at Zacks Investment Research

Select Interior Concepts (NASDAQ:SIC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “Select Interior Concepts, Inc. provides interior surface products for residential and commercial builders. The Company offers natural and engineered stone slabs, cabinetry, bathroom countertops, wall tiles, shower enclosures, towel bars and rings, paper holders, medicine cabinets and mirrors. Its primary operating subsidiaries and segments consists of Residential Design Services and Architectural Surfaces Group. Select Interior Concepts, Inc. is based in CA, United States. “

A number of other research analysts have also commented on the company. Truist Securities lowered Select Interior Concepts from a “buy” rating to a “hold” rating and upped their price target for the stock from $13.00 to $14.50 in a report on Tuesday, August 10th. Truist lowered Select Interior Concepts from a “buy” rating to a “hold” rating and upped their target price for the company from $13.00 to $14.50 in a research note on Tuesday, August 10th. Finally, TheStreet upgraded Select Interior Concepts from a “d+” rating to a “c” rating in a research note on Monday, August 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Select Interior Concepts has a consensus rating of “Hold” and a consensus target price of $13.75.

Shares of NASDAQ SIC opened at $14.44 on Thursday. The stock has a market cap of $374.66 million, a price-to-earnings ratio of 7.37 and a beta of 2.57. The business has a 50 day simple moving average of $14.21 and a 200 day simple moving average of $11.19. Select Interior Concepts has a 52 week low of $6.05 and a 52 week high of $14.55. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.47 and a current ratio of 3.34.

Select Interior Concepts (NASDAQ:SIC) last announced its quarterly earnings results on Sunday, August 8th. The company reported $2.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $2.00. The business had revenue of $67.19 million during the quarter, compared to analysts’ expectations of $58.80 million. Select Interior Concepts had a negative return on equity of 1.16% and a net margin of 10.74%. On average, analysts predict that Select Interior Concepts will post 0.51 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in SIC. Squarepoint Ops LLC bought a new stake in shares of Select Interior Concepts during the first quarter worth $179,000. Citadel Advisors LLC bought a new position in Select Interior Concepts in the first quarter valued at about $234,000. Millennium Management LLC boosted its holdings in Select Interior Concepts by 192.3% in the first quarter. Millennium Management LLC now owns 114,166 shares of the company’s stock valued at $822,000 after acquiring an additional 75,114 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in Select Interior Concepts in the first quarter valued at about $102,000. Finally, Punch & Associates Investment Management Inc. boosted its holdings in Select Interior Concepts by 10.2% in the first quarter. Punch & Associates Investment Management Inc. now owns 507,100 shares of the company’s stock valued at $3,651,000 after acquiring an additional 47,100 shares during the last quarter. Hedge funds and other institutional investors own 62.10% of the company’s stock.

Select Interior Concepts Company Profile

Select Interior Concepts, Inc is a holding company, which engages in interior selections, merchandising, and complex supply chain management with a focus on the residential construction market. It operates through the Residential Design Services (RDS) and Architectural Surfaces Group (ASG) business segments.

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