Barrington Research Reaffirms Outperform Rating for Interface (NASDAQ:TILE)

Interface (NASDAQ:TILE)‘s stock had its “outperform” rating reaffirmed by research analysts at Barrington Research in a report issued on Tuesday,Benzinga reports. They currently have a $30.00 target price on the textile maker’s stock. Barrington Research’s price target would suggest a potential upside of 22.90% from the stock’s current price.

Separately, StockNews.com downgraded Interface from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 4th.

Interface Stock Performance

Shares of TILE stock opened at $24.41 on Tuesday. 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 has a 12-month low of $12.36 and a 12-month high of $27.34. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 1.06 and a beta of 2.10. The stock has a 50 day simple moving average of $25.01 and a 200-day simple moving average of $21.06.

Interface (NASDAQ:TILE) last released its quarterly earnings data on Friday, November 1st. The textile maker reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.14. Interface had a return on equity of 19.91% and a net margin of 6.49%. The firm had revenue of $344.30 million during the quarter, compared to the consensus estimate of $336.39 million. During the same period last year, the business posted $0.28 EPS. Interface’s quarterly revenue was up 10.7% on a year-over-year basis. On average, equities analysts forecast that Interface will post 1.37 EPS for the current year.

Insider Activity at Interface

In other Interface news, VP Stansfield Nigel sold 20,000 shares of Interface stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $24.12, for a total transaction of $482,400.00. Following the sale, the vice president now directly owns 144,355 shares in the company, valued at $3,481,842.60. The trade was a 12.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Bruce Andrew Hausmann sold 30,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $25.50, for a total value of $765,000.00. Following the transaction, the chief financial officer now owns 168,475 shares of the company’s stock, valued at approximately $4,296,112.50. This trade represents a 15.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 95,675 shares of company stock worth $2,421,237. 2.60% of the stock is currently owned by company insiders.

Institutional Trading of Interface

Several institutional investors and hedge funds have recently bought and sold shares of TILE. Quarry LP boosted its holdings in Interface by 499.5% in the third quarter. Quarry LP now owns 2,476 shares of the textile maker’s stock worth $47,000 after purchasing an additional 2,063 shares during the period. National Bank of Canada FI boosted its holdings in shares of Interface by 33.7% in the 3rd quarter. National Bank of Canada FI now owns 3,399 shares of the textile maker’s stock valued at $64,000 after buying an additional 856 shares during the period. KBC Group NV grew its position in shares of Interface by 70.7% during the 3rd quarter. KBC Group NV now owns 3,472 shares of the textile maker’s stock valued at $66,000 after buying an additional 1,438 shares during the last quarter. nVerses Capital LLC acquired a new stake in Interface during the third quarter worth about $70,000. Finally, GAMMA Investing LLC lifted its holdings in Interface by 17.5% in the fourth quarter. GAMMA Investing LLC now owns 3,880 shares of the textile maker’s stock worth $94,000 after acquiring an additional 578 shares during the last quarter. Institutional investors and hedge funds 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.