Interface (NASDAQ:TILE) Lowered to “Buy” Rating by StockNews.com

StockNews.com cut shares of Interface (NASDAQ:TILE) from a strong-buy rating to a buy rating in a report published on Tuesday morning.

Separately, Barrington Research reissued an “outperform” rating and set a $30.00 price target on shares of Interface in a research report on Tuesday, February 25th.

Interface Price Performance

NASDAQ:TILE opened at $18.76 on Tuesday. The stock has a market capitalization of $1.09 billion, a PE ratio of 13.12, a P/E/G ratio of 0.96 and a beta of 2.10. Interface has a 1-year low of $14.13 and a 1-year high of $27.34. The firm has a fifty day simple moving average of $23.18 and a 200 day simple moving average of $22.02. The company has a current ratio of 2.57, a quick ratio of 1.38 and a debt-to-equity ratio of 0.66.

Interface (NASDAQ:TILE) last announced its quarterly earnings results on Tuesday, February 25th. The textile maker reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The firm had revenue of $335.00 million during the quarter, compared to analysts’ expectations of $340.51 million. Interface had a net margin of 6.49% and a return on equity of 19.91%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 earnings per share. On average, research analysts expect that Interface will post 1.37 EPS for the current fiscal year.

Insider Buying and Selling at Interface

In other news, Director Daniel T. Hendrix sold 12,500 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $23.78, for a total value of $297,250.00. Following the transaction, the director now directly owns 103,647 shares of the company’s stock, valued at $2,464,725.66. This represents a 10.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.60% of the company’s stock.

Institutional Trading of Interface

Several hedge funds and other institutional investors have recently modified their holdings of TILE. HighTower Advisors LLC acquired a new stake in Interface during the third quarter worth approximately $1,138,000. Sanctuary Advisors LLC acquired a new stake in Interface during the 3rd quarter worth approximately $1,661,000. BNP Paribas Financial Markets lifted its holdings in Interface by 13.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 29,555 shares of the textile maker’s stock worth $561,000 after purchasing an additional 3,464 shares during the last quarter. FMR LLC boosted its stake in Interface by 138.8% in the 3rd quarter. FMR LLC now owns 95,215 shares of the textile maker’s stock valued at $1,806,000 after purchasing an additional 55,345 shares during the period. Finally, Jennison Associates LLC grew its holdings in Interface by 103.2% in the 4th quarter. Jennison Associates LLC now owns 65,494 shares of the textile maker’s stock valued at $1,595,000 after buying an additional 33,264 shares in the last quarter. Institutional investors own 98.34% of the company’s stock.

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.