Select Interior Concepts (NASDAQ:SIC) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research cut shares of Select Interior Concepts (NASDAQ:SIC) from a buy rating to a hold rating in a research note issued to investors on Tuesday, 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. “

Separately, B. Riley increased their price objective on shares of Select Interior Concepts from $13.00 to $14.00 and gave the company a buy rating in a report on Tuesday, March 16th.

Shares of Select Interior Concepts stock opened at $10.32 on Tuesday. The company has a market cap of $263.55 million, a P/E ratio of -33.29 and a beta of 2.58. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.99 and a quick ratio of 0.93. The business has a fifty day moving average price of $9.30. Select Interior Concepts has a fifty-two week low of $3.00 and a fifty-two week high of $12.27.

Select Interior Concepts (NASDAQ:SIC) last issued its earnings results on Thursday, May 6th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.04. The company had revenue of $137.79 million during the quarter, compared to the consensus estimate of $136.20 million. Select Interior Concepts had a negative net margin of 1.37% and a negative return on equity of 4.95%. As a group, analysts anticipate that Select Interior Concepts will post 0.39 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Divisar Capital Management LLC raised its position in shares of Select Interior Concepts by 0.9% during the 1st quarter. Divisar Capital Management LLC now owns 972,946 shares of the company’s stock valued at $7,005,000 after buying an additional 8,968 shares in the last quarter. Punch & Associates Investment Management Inc. raised its position in shares of Select Interior Concepts by 10.2% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 507,100 shares of the company’s stock valued at $3,651,000 after buying an additional 47,100 shares in the last quarter. BlackRock Inc. raised its position in shares of Select Interior Concepts by 1.6% during the 1st quarter. BlackRock Inc. now owns 376,794 shares of the company’s stock valued at $2,714,000 after buying an additional 5,779 shares in the last quarter. Junson Asset Management Hong Kong Ltd purchased a new stake in shares of Select Interior Concepts during the 4th quarter valued at about $2,073,000. Finally, Renaissance Technologies LLC raised its position in shares of Select Interior Concepts by 46.0% during the 1st quarter. Renaissance Technologies LLC now owns 281,641 shares of the company’s stock valued at $2,028,000 after buying an additional 88,800 shares in the last quarter. 49.70% of the stock is owned by institutional investors and hedge funds.

Select Interior Concepts Company Profile

Select Interior Concepts, Inc, together with its subsidiaries, installs and distributes interior building products for residential interior design services markets in the United States. The company operates through two segments, Residential Design Services and Architectural Surfaces Group. The Residential Design Services segment provides an integrated, outsourced solution for the design, consultation, sourcing, distribution, and installation needs of homebuyer customers.

Further Reading: Day Trading – Risk Worth the Reward?

Get a free copy of the Zacks research report on Select Interior Concepts (SIC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Select Interior Concepts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Select Interior Concepts and related companies with MarketBeat.com's FREE daily email newsletter.