Interface (NASDAQ:TILE) Lowered to Buy Rating by StockNews.com

StockNews.com cut shares of Interface (NASDAQ:TILE) from a strong-buy rating to a buy rating in a report issued on Tuesday morning.

Separately, Barrington Research reiterated an “outperform” rating and issued a $30.00 price target on shares of Interface in a research note on Tuesday, February 25th.

Interface Stock Down 1.7 %

Shares of NASDAQ TILE opened at $18.33 on Tuesday. The stock has a market cap of $1.07 billion, a P/E ratio of 12.82, a PEG ratio of 0.96 and a beta of 2.10. The business’s fifty day simple moving average is $22.91 and its 200-day simple moving average is $21.97. Interface has a 12-month low of $14.13 and a 12-month high of $27.34. The company has a current ratio of 2.57, a quick ratio of 1.38 and a debt-to-equity ratio of 0.66.

Interface (NASDAQ:TILE) last posted its quarterly earnings results on Tuesday, February 25th. The textile maker reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The company had revenue of $335.00 million for the quarter, compared to analyst estimates of $340.51 million. Interface had a return on equity of 19.91% and a net margin of 6.49%. Interface’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 EPS. As a group, equities analysts predict that Interface will post 1.37 EPS for the current fiscal year.

Insider Activity at Interface

In other news, Director Daniel T. Hendrix sold 12,500 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $24.10, for a total transaction of $301,250.00. Following the completion of the transaction, the director now directly owns 116,147 shares of the company’s stock, valued at approximately $2,799,142.70. This represents a 9.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 32,500 shares of company stock valued at $748,125 over the last quarter. 2.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Interface

Several institutional investors have recently added to or reduced their stakes in the business. Creative Planning raised its holdings in Interface by 24.7% during the third quarter. Creative Planning now owns 22,720 shares of the textile maker’s stock worth $431,000 after purchasing an additional 4,496 shares in the last quarter. New York State Teachers Retirement System grew its position in shares of Interface by 1.6% in the 3rd quarter. New York State Teachers Retirement System now owns 115,339 shares of the textile maker’s stock valued at $2,188,000 after buying an additional 1,767 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Interface by 1,348.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,241 shares of the textile maker’s stock worth $118,000 after acquiring an additional 5,810 shares in the last quarter. Principal Financial Group Inc. lifted its position in Interface by 5.8% in the third quarter. Principal Financial Group Inc. now owns 304,050 shares of the textile maker’s stock valued at $5,768,000 after acquiring an additional 16,624 shares during the last quarter. Finally, Privium Fund Management B.V. acquired a new position in Interface in the third quarter valued at $508,000. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Interface Company Profile

Interface, Inc designs, produces, and sells modular carpet products primarily worldwide. The company operates in two segments, Americas (AMS), and Europe, Africa, Asia and Australia (EAAA). The company offers modular carpets under the Interface and FLOR brand names; luxury vinyl tiles; carpet tiles under the CQuestGB name for use in commercial interiors, include offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; and modular resilient flooring products.