Interface (NASDAQ:TILE) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Interface (NASDAQ:TILE - Free Report) from a strong-buy rating to a buy rating in a research report report published on Tuesday morning.

Separately, Barrington Research reissued an "outperform" rating and set a $30.00 target price on shares of Interface in a research report on Tuesday, February 25th.

Interface Trading Down 0.8 %

NASDAQ TILE traded down $0.14 during trading hours on Tuesday, reaching $18.19. The company's stock had a trading volume of 121,874 shares, compared to its average volume of 484,261. 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 has a 52 week low of $14.13 and a 52 week high of $27.34. The firm has a fifty day simple moving average of $22.91 and a 200-day simple moving average of $21.97. The stock has a market cap of $1.06 billion, a P/E ratio of 12.74, a P/E/G ratio of 0.96 and a beta of 2.10.

Interface (NASDAQ:TILE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The textile maker reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.05. Interface had a net margin of 6.49% and a return on equity of 19.91%. The firm had revenue of $335.00 million for the quarter, compared to the consensus estimate of $340.51 million. During the same quarter in the previous year, the company earned $0.41 EPS. The company's revenue for the quarter was up 3.0% on a year-over-year basis. Equities analysts forecast that Interface will post 1.37 earnings per share for the current fiscal year.

Remove Ads

Insiders Place Their Bets

In other news, Director Daniel T. Hendrix sold 12,500 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $23.78, for a total transaction of $297,250.00. Following the completion of the sale, the director now directly owns 103,647 shares of the company's stock, valued at $2,464,725.66. This trade represents a 10.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 32,500 shares of company stock valued at $748,125 in the last three months. 2.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Interface

Several institutional investors have recently added to or reduced their stakes in the stock. Creative Planning grew 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 valued at $431,000 after acquiring an additional 4,496 shares during the period. New York State Teachers Retirement System raised its stake in shares of Interface by 1.6% in the third quarter. New York State Teachers Retirement System now owns 115,339 shares of the textile maker's stock valued at $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 valued at $118,000 after buying an additional 5,810 shares during the last quarter. Principal Financial Group Inc. grew its stake 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 acquiring an additional 16,624 shares during the period. Finally, Privium Fund Management B.V. bought a new stake in Interface in the 3rd quarter valued at about $508,000. 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.