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

Interface (NASDAQ:TILE - Get Free Report) was upgraded by research analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a report issued on Monday.

Separately, Barrington Research reissued an "outperform" rating and issued a $30.00 price target on shares of Interface in a research note on Tuesday, January 28th.

Interface Trading Up 3.2 %

Shares of TILE traded up $0.62 during trading hours on Monday, hitting $20.23. 771,540 shares of the stock were exchanged, compared to its average volume of 475,614. Interface has a fifty-two week low of $14.13 and a fifty-two week high of $27.34. The business has a 50-day moving average of $23.43 and a 200-day moving average of $21.92. The firm has a market capitalization of $1.18 billion, a P/E ratio of 14.15, 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 - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The textile maker reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.05. The firm had revenue of $335.00 million during the quarter, compared to the consensus estimate of $340.51 million. Interface had a return on equity of 19.91% and a net margin of 6.49%. The business's revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business posted $0.41 EPS. On average, research analysts expect that Interface will post 1.37 EPS for the current year.

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Insider Activity

In related news, VP David B. Foshee sold 15,175 shares of the stock in a transaction 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel T. Hendrix sold 18,000 shares of Interface stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $26.33, for a total transaction of $473,940.00. Following the completion of the sale, the director now directly owns 153,147 shares of the company's stock, valued at approximately $4,032,360.51. The trade was a 10.52 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,175 shares of company stock worth $1,471,087. Company insiders own 2.60% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Private Advisor Group LLC acquired a new stake in shares of Interface in the 3rd quarter worth about $790,000. HighTower Advisors LLC bought a new stake in Interface during the 3rd quarter worth approximately $1,138,000. Sanctuary Advisors LLC purchased a new stake in shares of Interface in the third quarter worth approximately $1,661,000. BNP Paribas Financial Markets lifted its holdings in shares of Interface by 13.3% in the third quarter. BNP Paribas Financial Markets now owns 29,555 shares of the textile maker's stock valued at $561,000 after purchasing an additional 3,464 shares in the last quarter. Finally, FMR LLC boosted its position in shares of Interface by 138.8% during the third quarter. FMR LLC now owns 95,215 shares of the textile maker's stock valued at $1,806,000 after buying an additional 55,345 shares during the last quarter. 98.34% of the stock is 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.