Interface (NASDAQ:TILE) Rating Lowered to “Buy” at StockNews.com

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

Separately, Barrington Research reissued an “outperform” rating and set a $30.00 price target on shares of Interface in a report on Tuesday, February 25th.

Interface Trading Down 1.7 %

Shares of Interface stock opened at $18.76 on Tuesday. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66. Interface has a 12-month low of $14.13 and a 12-month high of $27.34. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 0.96 and a beta of 2.10. The firm’s 50-day moving average price is $23.18 and its two-hundred day moving average price is $22.02.

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, topping the consensus estimate 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 last year, the business posted $0.41 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts forecast that Interface will post 1.37 earnings per share for the current fiscal year.

Insider Transactions at Interface

In related news, Director Daniel T. Hendrix sold 12,500 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were 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 in the company, valued at $2,799,142.70. This represents a 9.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.60% of the company’s stock.

Institutional Trading of Interface

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. HighTower Advisors LLC bought a new position in shares of Interface in the 3rd quarter valued at $1,138,000. Sanctuary Advisors LLC acquired a new position in Interface in the 3rd quarter worth about $1,661,000. BNP Paribas Financial Markets increased its holdings in Interface by 13.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 29,555 shares of the textile maker’s stock worth $561,000 after purchasing an additional 3,464 shares in the last quarter. FMR LLC raised its position in Interface by 138.8% in the third quarter. FMR LLC now owns 95,215 shares of the textile maker’s stock valued at $1,806,000 after purchasing an additional 55,345 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Interface by 103.2% during the fourth quarter. Jennison Associates LLC now owns 65,494 shares of the textile maker’s stock valued at $1,595,000 after purchasing an additional 33,264 shares in the last quarter. 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.