Interface (NASDAQ:TILE) Stock Rating Lowered by Wall Street Zen

Interface (NASDAQ:TILE) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Sunday.

Several other equities analysts have also recently issued reports on TILE. Zacks Research cut Interface from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Barrington Research lifted their price target on Interface from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, January 23rd. Finally, Weiss Ratings upgraded Interface from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.00.

Interface Stock Performance

Shares of NASDAQ TILE opened at $31.49 on Friday. The company has a 50 day simple moving average of $31.10 and a two-hundred day simple moving average of $28.69. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 1.02 and a beta of 1.90. The company has a current ratio of 2.34, a quick ratio of 1.70 and a debt-to-equity ratio of 0.27. Interface has a 12 month low of $17.24 and a 12 month high of $35.11.

Interface (NASDAQ:TILE) last released its quarterly earnings data on Tuesday, February 24th. The textile maker reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.09. The firm had revenue of $349.39 million for the quarter, compared to analyst estimates of $350.54 million. Interface had a net margin of 8.37% and a return on equity of 19.54%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.34 earnings per share. As a group, analysts predict that Interface will post 1.37 earnings per share for the current year.

Hedge Funds Weigh In On Interface

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC increased its stake in shares of Interface by 180.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 981 shares of the textile maker’s stock worth $27,000 after acquiring an additional 631 shares during the last quarter. TD Private Client Wealth LLC acquired a new stake in shares of Interface during the 3rd quarter worth about $32,000. Blue Trust Inc. purchased a new stake in shares of Interface in the 3rd quarter valued at approximately $34,000. Larson Financial Group LLC raised its holdings in shares of Interface by 114.6% in the 3rd quarter. Larson Financial Group LLC now owns 1,176 shares of the textile maker’s stock valued at $34,000 after buying an additional 628 shares during the period. Finally, EverSource Wealth Advisors LLC acquired a new position in Interface during the 2nd quarter worth about $35,000. Institutional investors and hedge funds own 98.34% of the company’s stock.

Interface Company Profile

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.