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

Interface (NASDAQ:TILE - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities research analysts at Barrington Research in a report released on Tuesday,Benzinga reports. They currently have a $30.00 price objective on the textile maker's stock. Barrington Research's target price points to a potential upside of 21.18% from the stock's previous close.

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

Interface Trading Down 1.4 %

TILE traded down $0.36 on Tuesday, reaching $24.76. 191,892 shares of the company's stock were exchanged, compared to its average volume of 347,859. The company's 50 day moving average is $24.99 and its 200-day moving average is $21.11. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 1.05 and a beta of 2.10. Interface has a twelve month low of $12.40 and a twelve month high of $27.34. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.57.

Interface (NASDAQ:TILE - Get Free Report) last posted its earnings results on Friday, November 1st. The textile maker reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.14. The firm had revenue of $344.30 million during the quarter, compared to the consensus estimate of $336.39 million. Interface had a net margin of 6.49% and a return on equity of 19.91%. The company's revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 EPS. Equities analysts predict that Interface will post 1.37 earnings per share for the current year.

Insiders Place Their Bets

In other news, VP Stansfield Nigel sold 20,000 shares of the 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 completion of the transaction, the vice president now directly owns 144,355 shares in the company, valued at approximately $3,481,842.60. This represents a 12.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Daniel T. Hendrix sold 12,500 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $24.10, for a total value of $301,250.00. Following the transaction, the director now owns 116,147 shares of the company's stock, valued at approximately $2,799,142.70. This trade represents a 9.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 95,675 shares of company stock worth $2,421,237 in the last 90 days. 2.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Interface

Several institutional investors and hedge funds have recently made changes to their positions in TILE. Private Advisor Group LLC bought a new position in Interface during the third quarter worth $790,000. HighTower Advisors LLC bought a new position in Interface during the third quarter worth $1,138,000. Sanctuary Advisors LLC bought a new position in Interface during the third quarter worth $1,661,000. BNP Paribas Financial Markets lifted its stake in Interface by 13.3% during the third 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 during the last quarter. Finally, FMR LLC lifted its stake in Interface by 138.8% during the third quarter. FMR LLC now owns 95,215 shares of the textile maker's stock worth $1,806,000 after purchasing an additional 55,345 shares during the last quarter. 98.34% of the stock is currently owned by hedge funds and other 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.