Interface (NASDAQ:TILE) Rating Lowered to “Buy” at StockNews.com

Interface (NASDAQ:TILE) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Monday.

Separately, Barrington Research boosted their target price on shares of Interface from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, November 1st.

Interface Stock Performance

NASDAQ TILE opened at $24.13 on Monday. The firm has a 50-day moving average price of $18.85 and a two-hundred day moving average price of $16.95. Interface has a 12-month low of $9.04 and a 12-month high of $24.49. The company has a market capitalization of $1.41 billion, a P/E ratio of 16.87, a P/E/G ratio of 1.21 and a beta of 1.97. 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 (NASDAQ:TILE) last issued its quarterly earnings results on Friday, November 1st. The textile maker reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.14. Interface had a return on equity of 19.91% and a net margin of 6.49%. The business had revenue of $344.30 million during the quarter, compared to analysts’ expectations of $336.39 million. During the same period in the previous year, the company posted $0.28 earnings per share. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. Analysts anticipate that Interface will post 1.28 earnings per share for the current year.

Insider Activity at Interface

In other Interface news, CFO Bruce Andrew Hausmann sold 55,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $17.00, for a total value of $935,000.00. Following the completion of the transaction, the chief financial officer now owns 198,475 shares of the company’s stock, valued at $3,374,075. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Interface news, Director Daniel T. Hendrix sold 3,555 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $17.53, for a total value of $62,319.15. Following the sale, the director now owns 191,147 shares in the company, valued at approximately $3,350,806.91. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Bruce Andrew Hausmann sold 55,000 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $17.00, for a total value of $935,000.00. Following the transaction, the chief financial officer now owns 198,475 shares of the company’s stock, valued at $3,374,075. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 76,055 shares of company stock valued at $1,285,019. 2.60% of the stock is owned by insiders.

Institutional Trading of Interface

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. ProShare Advisors LLC lifted its stake in Interface by 7.4% in the first quarter. ProShare Advisors LLC now owns 11,576 shares of the textile maker’s stock valued at $195,000 after buying an additional 794 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Interface by 6.6% during the second quarter. The Manufacturers Life Insurance Company now owns 22,103 shares of the textile maker’s stock worth $324,000 after acquiring an additional 1,368 shares in the last quarter. New York State Teachers Retirement System boosted its stake in Interface by 1.6% during the third quarter. New York State Teachers Retirement System now owns 115,339 shares of the textile maker’s stock worth $2,188,000 after acquiring an additional 1,767 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Interface by 13.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,825 shares of the textile maker’s stock worth $218,000 after purchasing an additional 1,770 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in Interface by 4.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 54,431 shares of the textile maker’s stock valued at $916,000 after purchasing an additional 2,073 shares in the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.

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.