Interface (NASDAQ:TILE) Coverage Initiated by Analysts at Barrington Research

Barrington Research initiated coverage on shares of Interface (NASDAQ:TILE) in a research report sent to investors on Monday, MarketBeat.com reports. The firm issued an outperform rating and a $20.00 target price on the textile maker’s stock.

A number of other equities analysts have also weighed in on TILE. Truist Financial lifted their price target on shares of Interface from $10.00 to $14.00 and gave the company a hold rating in a report on Wednesday, February 28th. TheStreet raised shares of Interface from a c rating to a b- rating in a research note on Tuesday, February 27th.

Interface Stock Up 0.1 %

Shares of TILE opened at $15.44 on Monday. The firm has a market cap of $898.61 million, a PE ratio of 20.32 and a beta of 1.98. The company’s fifty day moving average is $15.19 and its two-hundred day moving average is $12.37. Interface has a fifty-two week low of $6.51 and a fifty-two week high of $18.47. The company has a quick ratio of 1.42, a current ratio of 2.72 and a debt-to-equity ratio of 0.96.

Interface (NASDAQ:TILE) last announced its quarterly earnings results on Tuesday, February 27th. The textile maker reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.19. The company had revenue of $325.10 million for the quarter, compared to analyst estimates of $320.16 million. Interface had a net margin of 3.53% and a return on equity of 14.95%. Interface’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter last year, the business earned $0.31 EPS. Analysts forecast that Interface will post 1.02 earnings per share for the current year.

Interface Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.26%. The ex-dividend date was Wednesday, March 27th. Interface’s dividend payout ratio (DPR) is 5.26%.

Institutional Investors Weigh In On Interface

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Interface by 1.2% during the 2nd quarter. BlackRock Inc. now owns 9,897,731 shares of the textile maker’s stock worth $87,001,000 after buying an additional 119,605 shares during the period. Vanguard Group Inc. boosted its stake in Interface by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 6,600,201 shares of the textile maker’s stock valued at $59,335,000 after purchasing an additional 30,836 shares during the period. Pzena Investment Management LLC raised its position in shares of Interface by 65.2% during the 3rd quarter. Pzena Investment Management LLC now owns 3,614,372 shares of the textile maker’s stock worth $35,457,000 after buying an additional 1,426,749 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Interface by 0.5% during the 4th quarter. Wellington Management Group LLP now owns 2,508,961 shares of the textile maker’s stock worth $31,663,000 after buying an additional 12,847 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Interface by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,486,319 shares of the textile maker’s stock worth $20,188,000 after buying an additional 28,245 shares in the last quarter. Hedge funds and other institutional investors own 98.34% of the company’s stock.

About Interface

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.