Interface (NASDAQ:TILE - Get Free Report)'s stock had its "outperform" rating reiterated by equities researchers at Barrington Research in a research report issued on Tuesday,Benzinga reports. They presently have a $30.00 target price on the textile maker's stock. Barrington Research's price target points to a potential upside of 61.46% from the stock's current price.
Separately, StockNews.com cut Interface from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th.
Check Out Our Latest Research Report on Interface
Interface Price Performance
Shares of Interface stock traded down $0.08 during trading on Tuesday, reaching $18.58. The company's stock had a trading volume of 841,353 shares, compared to its average volume of 518,645. The business has a 50 day moving average price of $19.77 and a 200-day moving average price of $22.12. The company has a market capitalization of $1.08 billion, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 0.96 and a beta of 1.93. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66. Interface has a 12-month low of $14.13 and a 12-month high of $27.34.
Interface (NASDAQ:TILE - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The textile maker reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.05. The business had revenue of $335.00 million during the quarter, compared to the consensus estimate of $340.51 million. Interface had a net margin of 6.49% and a return on equity of 19.91%. The business's revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 EPS. As a group, sell-side analysts anticipate that Interface will post 1.37 EPS for the current year.
Insider Buying and Selling
In related news, Director Daniel T. Hendrix sold 7,500 shares of Interface stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $19.95, for a total transaction of $149,625.00. Following the completion of the sale, the director now owns 96,147 shares in the company, valued at approximately $1,918,132.65. This trade represents a 7.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.60% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. North Star Investment Management Corp. raised its position in shares of Interface by 9.9% in the first quarter. North Star Investment Management Corp. now owns 166,075 shares of the textile maker's stock valued at $3,295,000 after buying an additional 15,000 shares during the last quarter. SG Americas Securities LLC grew its stake in Interface by 23.8% in the 1st quarter. SG Americas Securities LLC now owns 16,386 shares of the textile maker's stock worth $325,000 after acquiring an additional 3,150 shares during the period. Harbor Capital Advisors Inc. acquired a new position in Interface in the 1st quarter valued at $304,000. Wedge Capital Management L L P NC lifted its stake in shares of Interface by 22.3% during the 1st quarter. Wedge Capital Management L L P NC now owns 62,569 shares of the textile maker's stock worth $1,241,000 after purchasing an additional 11,416 shares during the period. Finally, Congress Asset Management Co. acquired a new stake in shares of Interface during the first quarter worth $44,969,000. 98.34% of the stock is currently owned by hedge funds and other institutional investors.
About Interface
(
Get Free Report)
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.
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