Barrington Research Reiterates “Outperform” Rating for Interface (NASDAQ:TILE)

Interface (NASDAQ:TILE)‘s stock had its “outperform” rating reissued by research analysts at Barrington Research in a note issued to investors on Friday,Benzinga reports. They presently have a $36.00 target price on the textile maker’s stock. Barrington Research’s price objective indicates a potential upside of 27.66% from the company’s previous close.

Several other equities research analysts have also recently weighed in on TILE. Weiss Ratings upgraded shares of Interface from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 20th. Wall Street Zen cut shares of Interface from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 17th. Finally, Zacks Research cut shares of Interface from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $36.00.

Interface Trading Up 5.0%

TILE opened at $28.20 on Friday. The company has a current ratio of 2.34, a quick ratio of 1.18 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1.63 billion, a PE ratio of 14.39, a PEG ratio of 0.87 and a beta of 1.96. Interface has a 1-year low of $17.72 and a 1-year high of $35.11. The firm has a 50-day moving average price of $28.54 and a two-hundred day moving average price of $28.41.

Interface (NASDAQ:TILE) last posted its quarterly earnings data on Tuesday, February 24th. The textile maker reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.09. The firm had revenue of $349.39 million during the quarter, compared to analysts’ expectations of $350.54 million. Interface had a net margin of 8.37% and a return on equity of 19.54%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 EPS. As a group, equities analysts anticipate that Interface will post 1.37 earnings per share for the current fiscal year.

Insider Activity

In other news, VP James Poppens sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $29.42, for a total value of $294,200.00. Following the transaction, the vice president owned 119,496 shares of the company’s stock, valued at approximately $3,515,572.32. This trade represents a 7.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have sold 25,650 shares of company stock valued at $736,292. 2.47% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TILE. Fuller & Thaler Asset Management Inc. boosted 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 valued at $56,071,000 after purchasing an additional 1,149,733 shares during the last quarter. UBS Group AG boosted its stake in shares of Interface by 413.8% in the 4th quarter. UBS Group AG now owns 499,035 shares of the textile maker’s stock valued at $13,933,000 after purchasing an additional 401,912 shares during the last quarter. CX Institutional bought a new position in shares of Interface in the 3rd quarter valued at about $9,696,000. SG Capital Management LLC bought a new position in Interface during the 3rd quarter worth approximately $8,753,000. Finally, Balyasny Asset Management L.P. boosted its stake in Interface by 273.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 386,828 shares of the textile maker’s stock worth $10,800,000 after acquiring an additional 283,152 shares during the last quarter. Institutional investors 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.