Interface (NASDAQ:TILE) Receives “Outperform” Rating from Barrington Research

Interface (NASDAQ:TILE)‘s stock had its “outperform” rating reiterated by investment analysts at Barrington Research in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $30.00 target price on the textile maker’s stock. Barrington Research’s price objective points to a potential upside of 58.98% from the stock’s current price.

Separately, StockNews.com raised shares of Interface from a “buy” rating to a “strong-buy” rating in a research report on Monday.

Interface Stock Down 11.5 %

TILE stock traded down $2.44 during mid-day trading on Tuesday, hitting $18.87. 1,513,521 shares of the company were exchanged, compared to its average volume of 449,274. The firm’s 50 day simple moving average is $23.84 and its 200 day simple moving average is $21.91. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.57. Interface has a 1-year low of $13.15 and a 1-year high of $27.34. The firm has a market cap of $1.10 billion, a P/E ratio of 13.20, a P/E/G ratio of 0.96 and a beta of 2.10.

Interface (NASDAQ:TILE) last announced its quarterly earnings data on Tuesday, February 25th. The textile maker reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. Interface had a net margin of 6.49% and a return on equity of 19.91%. The business had revenue of $335.00 million for the quarter, compared to analyst estimates of $340.51 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, sell-side analysts predict that Interface will post 1.37 EPS for the current fiscal year.

Insiders Place Their Bets

In other Interface news, Director Daniel T. Hendrix sold 12,500 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $23.78, for a total value of $297,250.00. Following the transaction, the director now directly owns 103,647 shares of the company’s stock, valued at $2,464,725.66. This trade represents a 10.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David B. Foshee sold 15,175 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $26.27, for a total transaction of $398,647.25. Following the sale, the vice president now directly owns 202,398 shares of the company’s stock, valued at approximately $5,316,995.46. This trade represents a 6.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 58,175 shares of company stock worth $1,471,087 in the last quarter. Corporate insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Venturi Wealth Management LLC lifted its holdings in Interface by 204.4% during the 4th quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker’s stock worth $27,000 after buying an additional 750 shares during the period. Huntington National Bank acquired a new position in Interface during the 4th quarter worth approximately $28,000. Smartleaf Asset Management LLC lifted its holdings in shares of Interface by 78.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,242 shares of the textile maker’s stock worth $30,000 after purchasing an additional 546 shares in the last quarter. Principal Securities Inc. lifted its stake in shares of Interface by 103.1% in the fourth quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker’s stock valued at $36,000 after buying an additional 741 shares in the last quarter. Finally, Virtus Fund Advisers LLC bought a new position in Interface in the 4th quarter valued at about $48,000. 98.34% of the stock is currently owned by institutional investors and hedge funds.

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.