Interface (NASDAQ:TILE) PT Raised to $22.00 at Barrington Research

Interface (NASDAQ:TILE) had its target price upped by Barrington Research from $20.00 to $22.00 in a research report sent to investors on Friday, Benzinga reports. The brokerage currently has an outperform rating on the textile maker’s stock.

Several other brokerages also recently weighed in on TILE. TheStreet upgraded Interface from a c rating to a b- rating in a report on Tuesday, February 27th. Truist Financial increased their target price on Interface from $10.00 to $14.00 and gave the stock a hold rating in a research report on Wednesday, February 28th.

Interface Stock Performance

NASDAQ TILE opened at $16.43 on Friday. The company has a quick ratio of 1.30, a current ratio of 2.72 and a debt-to-equity ratio of 0.89. Interface has a fifty-two week low of $6.51 and a fifty-two week high of $18.47. The business has a fifty day moving average of $15.92 and a 200-day moving average of $13.01. The stock has a market cap of $956.23 million, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 1.10 and a beta of 1.99.

Interface (NASDAQ:TILE) last released its earnings results on Friday, May 3rd. The textile maker reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.12. The company had revenue of $289.70 million for the quarter, compared to analyst estimates of $284.76 million. Interface had a net margin of 4.73% and a return on equity of 16.94%. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 EPS. As a group, analysts predict that Interface will post 1.05 earnings per share for the current fiscal year.

Interface Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date was Wednesday, March 27th. Interface’s payout ratio is currently 3.96%.

Institutional Investors Weigh In On Interface

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in Interface by 6.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,496,114 shares of the textile maker’s stock worth $24,487,000 after purchasing an additional 140,521 shares in the last quarter. Pzena Investment Management LLC lifted its stake in shares of Interface by 65.2% during the third quarter. Pzena Investment Management LLC now owns 3,614,372 shares of the textile maker’s stock worth $35,457,000 after purchasing an additional 1,426,749 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Interface by 29.4% in the third quarter. American Century Companies Inc. now owns 610,702 shares of the textile maker’s stock worth $5,991,000 after buying an additional 138,800 shares during the period. Federated Hermes Inc. acquired a new stake in shares of Interface in the fourth quarter valued at about $1,187,000. Finally, Vanguard Group Inc. raised its holdings in shares of Interface by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 5,210,853 shares of the textile maker’s stock valued at $51,118,000 after buying an additional 48,805 shares during the period. 98.34% of the stock is currently owned by institutional investors and hedge funds.

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.