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

Interface (NASDAQ:TILE) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued 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, April 15th.

Interface Stock Performance

Shares of TILE stock opened at $18.58 on Friday. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 0.96 and a beta of 1.93. Interface has a 52-week low of $14.13 and a 52-week high of $27.34. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66. The company’s 50 day moving average is $19.77 and its 200 day moving average is $22.15.

Interface (NASDAQ:TILE) last announced its quarterly earnings results on Tuesday, February 25th. The textile maker reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The business had revenue of $335.00 million for 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, sell-side analysts anticipate that Interface will post 1.37 EPS for the current fiscal year.

Insider Activity at Interface

In other Interface news, Director Daniel T. Hendrix sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $19.95, for a total transaction of $149,625.00. Following the sale, the director now owns 96,147 shares of the company’s stock, valued at approximately $1,918,132.65. The trade was a 7.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Interface

Institutional investors and hedge funds have recently made changes to their positions in the stock. Venturi Wealth Management LLC raised its stake in Interface by 204.4% in the 4th quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker’s stock worth $27,000 after acquiring an additional 750 shares during the last quarter. Huntington National Bank purchased a new position in shares of Interface in the fourth quarter worth about $28,000. Smartleaf Asset Management LLC raised its stake in shares of Interface by 78.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,242 shares of the textile maker’s stock worth $30,000 after purchasing an additional 546 shares during the last quarter. Principal Securities Inc. lifted its holdings in shares of Interface by 103.1% during the fourth quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker’s stock worth $36,000 after purchasing an additional 741 shares during the period. Finally, Virtus Fund Advisers LLC purchased a new stake in Interface in the fourth quarter valued at approximately $48,000. 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.