Interface (NASDAQ:TILE - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Friday.
Separately, Barrington Research reaffirmed an "outperform" rating and issued a $30.00 price objective on shares of Interface in a research report on Tuesday.
Get Our Latest Report on TILE
Interface Stock Down 0.4 %
NASDAQ TILE traded down $0.08 during trading on Friday, hitting $18.58. The stock had a trading volume of 841,353 shares, compared to its average volume of 518,645. The company has a market capitalization of $1.08 billion, a PE ratio of 12.99, a P/E/G ratio of 0.96 and a beta of 1.93. Interface has a 12 month low of $14.13 and a 12 month high of $27.34. The company's 50-day moving average price is $19.77 and its two-hundred day moving average price is $22.12. 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 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. Interface had a net margin of 6.49% and a return on equity of 19.91%. The business had revenue of $335.00 million during the quarter, compared to analysts' expectations of $340.51 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The firm's revenue was up 3.0% on a year-over-year basis. As a group, sell-side analysts forecast that Interface will post 1.37 EPS for the current year.
Insider Activity
In other Interface news, Director Daniel T. Hendrix sold 7,500 shares of the company's stock in a transaction on 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 directly owns 96,147 shares in the company, valued at $1,918,132.65. This represents a 7.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.60% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Interface by 4.2% during the 4th quarter. Vanguard Group Inc. now owns 6,116,464 shares of the textile maker's stock worth $148,936,000 after purchasing an additional 246,726 shares during the last quarter. Congress Asset Management Co. bought a new position in shares of Interface in the first quarter valued at $44,969,000. State Street Corp boosted its stake in Interface by 0.6% during the 3rd quarter. State Street Corp now owns 2,232,327 shares of the textile maker's stock valued at $42,347,000 after purchasing an additional 13,686 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Interface by 12.3% during the fourth quarter. American Century Companies Inc. now owns 1,992,296 shares of the textile maker's stock valued at $48,512,000 after buying an additional 218,113 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Interface by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,371,976 shares of the textile maker's stock worth $26,031,000 after acquiring an additional 11,931 shares during the period. Institutional investors and hedge funds own 98.34% of the company's stock.
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.
Further Reading
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