Interface (NASDAQ:TILE) Upgraded by Wall Street Zen to Strong-Buy Rating

Interface (NASDAQ:TILE) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

A number of other equities analysts have also recently weighed in on TILE. Barrington Research increased their price target on Interface from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, January 23rd. Weiss Ratings cut Interface from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, December 24th. Finally, Zacks Research cut shares of Interface from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Interface currently has a consensus rating of “Hold” and an average price target of $36.00.

Interface Price Performance

Shares of NASDAQ TILE opened at $32.56 on Friday. The company has a quick ratio of 1.70, a current ratio of 2.89 and a debt-to-equity ratio of 0.49. The firm has a 50-day simple moving average of $30.76 and a 200-day simple moving average of $28.45. Interface has a 52 week low of $17.24 and a 52 week high of $35.11. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 1.10 and a beta of 1.90.

Hedge Funds Weigh In On Interface

A number of hedge funds have recently modified their holdings of TILE. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Interface by 133.9% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,008,260 shares of the textile maker’s stock worth $56,071,000 after acquiring an additional 1,149,733 shares during the period. XTX Topco Ltd acquired a new stake in Interface in the fourth quarter valued at $471,000. Zacks Investment Management boosted its stake in shares of Interface by 40.2% during the 4th quarter. Zacks Investment Management now owns 53,739 shares of the textile maker’s stock worth $1,500,000 after purchasing an additional 15,401 shares during the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of Interface during the fourth quarter worth about $209,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Interface in the fourth quarter valued at approximately $224,000. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

About Interface

Interface, Inc (NASDAQ: TILE) is a global manufacturer of modular flooring and resilient commercial flooring solutions. The company specializes in carpet tiles, luxury vinyl tile (LVT) and other environmentally responsible hard-surface products designed for use in corporate, education, healthcare, hospitality and retail environments. Interface’s portfolio also includes broadloom carpet, rubber flooring and acoustic underlays, all engineered to meet performance, design and sustainability requirements in modern interior spaces.

Founded in 1973 by Ray C.