Interface (NASDAQ:TILE) Rating Lowered to Buy at Wall Street Zen

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

Other research analysts have also recently issued research reports about the company. Barrington Research increased their price objective on Interface from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. Weiss Ratings cut Interface from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 6th. Finally, Zacks Research downgraded Interface from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $36.00.

Interface Stock Performance

NASDAQ:TILE opened at $27.25 on Tuesday. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 0.90 and a beta of 1.87. The stock’s 50 day simple moving average is $31.07 and its two-hundred day simple moving average is $28.81. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.34 and a quick ratio of 1.18. Interface has a 1 year low of $17.24 and a 1 year high of $35.11.

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

Insider Activity at Interface

In other news, VP James Poppens sold 8,000 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $28.05, for a total transaction of $224,400.00. Following the sale, the vice president owned 103,846 shares in the company, valued at approximately $2,912,880.30. The trade was a 7.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders sold 25,650 shares of company stock worth $736,292. Corporate insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. HB Wealth Management LLC purchased a new stake in Interface during the 3rd quarter worth approximately $1,161,000. American Century Companies Inc. lifted its position in Interface by 3.2% during the second quarter. American Century Companies Inc. now owns 2,286,286 shares of the textile maker’s stock worth $47,852,000 after buying an additional 71,961 shares in the last quarter. CX Institutional purchased a new position in Interface during the third quarter worth approximately $9,696,000. Dynamic Technology Lab Private Ltd acquired a new position in Interface during the second quarter worth $943,000. Finally, Geode Capital Management LLC boosted its stake in Interface by 0.7% during the second quarter. Geode Capital Management LLC now owns 1,433,183 shares of the textile maker’s stock worth $30,000,000 after buying an additional 10,537 shares during the last quarter. Hedge funds and other 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.