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

Interface (NASDAQ:TILE)‘s stock had its “outperform” rating reiterated by Barrington Research in a research note issued on Tuesday,Benzinga reports. They presently have a $30.00 price objective on the textile maker’s stock. Barrington Research’s target price would suggest a potential upside of 51.36% from the stock’s previous close.

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

Interface Stock Performance

Shares of NASDAQ:TILE opened at $19.82 on Tuesday. The business’s fifty day moving average price is $23.61 and its two-hundred day moving average price is $21.91. Interface has a fifty-two week low of $14.06 and a fifty-two week high of $27.34. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 0.96 and a beta of 2.10. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 1.38.

Interface (NASDAQ:TILE) last announced its earnings results on Tuesday, February 25th. The textile maker reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. The company had revenue of $335.00 million for the quarter, compared to analysts’ expectations of $340.51 million. Interface had a return on equity of 19.91% and a net margin of 6.49%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 earnings per share. As a group, analysts predict that Interface will post 1.37 EPS for the current fiscal year.

Insider Activity at Interface

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 transaction, the vice president now directly owns 202,398 shares in the company, valued at $5,316,995.46. This trade represents a 6.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel T. Hendrix sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $23.78, for a total value of $297,250.00. Following the completion of the transaction, the director now owns 103,647 shares of the company’s stock, valued at approximately $2,464,725.66. This represents a 10.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 58,175 shares of company stock valued at $1,471,087. 2.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TILE. Hood River Capital Management LLC acquired a new stake in Interface during the 4th quarter worth approximately $28,897,000. Nuveen Asset Management LLC raised its holdings in Interface by 170.3% in the 4th quarter. Nuveen Asset Management LLC now owns 641,730 shares of the textile maker’s stock valued at $15,626,000 after acquiring an additional 404,277 shares in the last quarter. Vanguard Group Inc. raised its holdings in Interface by 4.2% in the 4th quarter. Vanguard Group Inc. now owns 6,116,464 shares of the textile maker’s stock valued at $148,936,000 after acquiring an additional 246,726 shares in the last quarter. Foundry Partners LLC acquired a new position in Interface in the 3rd quarter valued at $4,308,000. Finally, Barclays PLC raised its holdings in Interface by 688.5% in the 3rd quarter. Barclays PLC now owns 256,987 shares of the textile maker’s stock valued at $4,873,000 after acquiring an additional 224,395 shares in the last quarter. 98.34% of the stock is currently owned by institutional investors.

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.