Zacks: Select Interior Concepts (NYSE:SIC) Receives Average Recommendation of “Strong Buy” from Analysts

Select Interior Concepts (NYSE:SIC) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 1 year consensus price target of $17.00 for the company and are expecting that the company will post $0.07 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Select Interior Concepts an industry rank of 113 out of 255 based on the ratings given to related companies.

Several research analysts have recently weighed in on the stock. TheStreet lowered shares of Select Interior Concepts from a “c-” rating to a “d+” rating in a report on Tuesday, January 14th. Zacks Investment Research upgraded shares of Select Interior Concepts from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, B. Riley reiterated a “buy” rating and set a $17.00 price objective on shares of Select Interior Concepts in a report on Friday, December 13th.

In related news, insider Adam D. Wyden sold 2,579,000 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $8.75, for a total transaction of $22,566,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Metropolitan Life Insurance Co NY acquired a new stake in Select Interior Concepts during the 3rd quarter worth approximately $137,000. FNY Investment Advisers LLC acquired a new stake in Select Interior Concepts during the 4th quarter worth approximately $179,000. Northern Trust Corp acquired a new stake in Select Interior Concepts during the 2nd quarter worth approximately $209,000. Wells Fargo & Company MN increased its position in Select Interior Concepts by 11.9% during the 2nd quarter. Wells Fargo & Company MN now owns 22,055 shares of the company’s stock worth $258,000 after purchasing an additional 2,338 shares in the last quarter. Finally, Rhumbline Advisers increased its position in Select Interior Concepts by 25.2% during the 3rd quarter. Rhumbline Advisers now owns 23,806 shares of the company’s stock worth $309,000 after purchasing an additional 4,785 shares in the last quarter.

Shares of SIC stock traded up $0.23 during trading hours on Friday, hitting $8.79. 91,500 shares of the company were exchanged, compared to its average volume of 167,716. Select Interior Concepts has a 1 year low of $7.25 and a 1 year high of $14.73. The firm has a fifty day moving average of $9.24 and a 200 day moving average of $10.95.

Select Interior Concepts (NYSE:SIC) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.02). The firm had revenue of $159.40 million for the quarter, compared to analyst estimates of $165.80 million.

About Select Interior Concepts

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