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

Interface (NASDAQ:TILE)‘s stock had its “outperform” rating reiterated by Barrington Research in a report released on Friday, Benzinga reports. They presently have a $22.00 target price on the textile maker’s stock. Barrington Research’s price objective would suggest a potential upside of 15.36% from the stock’s previous close.

Separately, StockNews.com raised shares of Interface from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th.

Interface Stock Performance

NASDAQ:TILE traded up $0.07 on Friday, hitting $19.07. The stock had a trading volume of 224,421 shares, compared to its average volume of 416,466. Interface has a 52-week low of $8.26 and a 52-week high of $19.25. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 18.79, a price-to-earnings-growth ratio of 0.94 and a beta of 1.98. The company has a quick ratio of 1.45, a current ratio of 2.76 and a debt-to-equity ratio of 0.84. The business’s 50-day simple moving average is $17.50 and its two-hundred day simple moving average is $16.24.

Interface (NASDAQ:TILE) last posted its quarterly earnings data on Friday, August 2nd. The textile maker reported $0.40 EPS for the quarter, topping the consensus estimate of $0.28 by $0.12. The firm had revenue of $346.60 million for the quarter, compared to the consensus estimate of $340.21 million. Interface had a return on equity of 18.42% and a net margin of 5.20%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.25 earnings per share. As a group, research analysts predict that Interface will post 1.28 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Daniel T. Hendrix sold 3,555 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $17.53, for a total transaction of $62,319.15. Following the sale, the director now directly owns 191,147 shares in the company, valued at approximately $3,350,806.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Daniel T. Hendrix sold 3,555 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $17.53, for a total transaction of $62,319.15. Following the completion of the transaction, the director now owns 191,147 shares in the company, valued at approximately $3,350,806.91. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Bruce Andrew Hausmann sold 55,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $17.00, for a total value of $935,000.00. Following the completion of the transaction, the chief financial officer now owns 198,475 shares in the company, valued at approximately $3,374,075. The disclosure for this sale can be found here. Insiders sold 125,858 shares of company stock valued at $2,091,604 over the last quarter. 2.60% of the stock is currently owned by company insiders.

Institutional Trading of Interface

A number of hedge funds and other institutional investors have recently modified their holdings of TILE. Innealta Capital LLC purchased a new stake in shares of Interface in the second quarter valued at about $32,000. Allspring Global Investments Holdings LLC purchased a new position in Interface during the 1st quarter valued at about $57,000. GAMMA Investing LLC increased its stake in Interface by 131.1% during the 1st quarter. GAMMA Investing LLC now owns 3,943 shares of the textile maker’s stock worth $66,000 after buying an additional 2,237 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of Interface in the 2nd quarter valued at about $91,000. Finally, Point72 DIFC Ltd purchased a new position in Interface in the second quarter valued at $106,000. 98.34% of the stock is 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.