Interface (NASDAQ:TILE) Upgraded by StockNews.com to Strong-Buy Rating

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

Separately, Barrington Research restated an “outperform” rating and set a $30.00 target price on shares of Interface in a research note on Tuesday, January 28th.

Interface Price Performance

Shares of NASDAQ:TILE opened at $21.31 on Monday. The business has a 50 day moving average price of $23.94 and a 200 day moving average price of $21.88. Interface has a twelve month low of $13.15 and a twelve month high of $27.34. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 0.96 and a beta of 2.10. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66.

Insiders Place Their Bets

In other Interface news, VP David B. Foshee sold 15,175 shares of the firm’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 value of $398,647.25. Following the completion of the sale, the vice president now owns 202,398 shares in the company, valued at approximately $5,316,995.46. This trade represents a 6.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel T. Hendrix sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $24.10, for a total value of $301,250.00. Following the completion of the sale, the director now owns 116,147 shares of the company’s stock, valued at $2,799,142.70. This represents a 9.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 58,175 shares of company stock worth $1,471,087. 2.60% of the stock is currently owned by company insiders.

Institutional Trading of Interface

Hedge funds have recently modified their holdings of the company. Creative Planning lifted its position in shares of Interface by 24.7% during the 3rd quarter. Creative Planning now owns 22,720 shares of the textile maker’s stock worth $431,000 after buying an additional 4,496 shares during the period. Private Advisor Group LLC bought a new position in shares of Interface during the 3rd quarter worth approximately $790,000. New York State Teachers Retirement System lifted its position in shares of Interface by 1.6% during the 3rd quarter. New York State Teachers Retirement System now owns 115,339 shares of the textile maker’s stock worth $2,188,000 after buying an additional 1,767 shares during the period. Farther Finance Advisors LLC lifted its position in shares of 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 buying an additional 5,810 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Interface by 5.8% during the 3rd quarter. Principal Financial Group Inc. now owns 304,050 shares of the textile maker’s stock worth $5,768,000 after buying an additional 16,624 shares during the period. 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.