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

Interface (NASDAQ:TILE) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Monday.

Separately, Barrington Research upped their price target on Interface from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday.

Interface Trading Up 1.1 %

TILE stock traded up $0.26 during mid-day trading on Monday, reaching $23.50. 1,036,123 shares of the stock traded hands, compared to its average volume of 451,702. The stock’s fifty day moving average is $18.73 and its 200-day moving average is $16.89. The company has a market cap of $1.37 billion, a P/E ratio of 16.43, a P/E/G ratio of 0.91 and a beta of 1.97. The company has a current ratio of 2.76, a quick ratio of 1.45 and a debt-to-equity ratio of 0.84. Interface has a 52-week low of $9.04 and a 52-week high of $23.84.

Interface (NASDAQ:TILE) last posted its quarterly earnings data on Friday, November 1st. The textile maker reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.14. Interface had a net margin of 5.20% and a return on equity of 18.42%. The firm had revenue of $344.30 million during the quarter, compared to analyst estimates of $336.39 million. During the same quarter last year, the business posted $0.28 EPS. The company’s revenue was up 10.7% on a year-over-year basis. As a group, sell-side analysts expect that Interface will post 1.28 earnings per share for the current year.

Insider Activity

In other news, Director Daniel T. Hendrix sold 3,555 shares of Interface stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $17.53, for a total transaction of $62,319.15. Following the completion of the sale, the director now directly owns 191,147 shares in the company, valued at $3,350,806.91. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Interface news, VP Stansfield Nigel sold 17,500 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $16.44, for a total transaction of $287,700.00. Following the transaction, the vice president now directly owns 164,355 shares in the company, valued at $2,701,996.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel T. Hendrix sold 3,555 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $17.53, for a total value of $62,319.15. Following the completion of the sale, the director now directly owns 191,147 shares of the company’s stock, valued at $3,350,806.91. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 76,055 shares of company stock worth $1,285,019 in the last ninety days. Corporate insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TILE. Privium Fund Management B.V. bought a new stake in Interface during the third quarter worth approximately $508,000. Principal Financial Group Inc. boosted its holdings in shares of Interface by 5.8% during the 3rd quarter. Principal Financial Group Inc. now owns 304,050 shares of the textile maker’s stock worth $5,768,000 after buying an additional 16,624 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Interface by 1,348.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,241 shares of the textile maker’s stock worth $118,000 after buying an additional 5,810 shares during the period. New York State Teachers Retirement System raised its holdings in Interface by 1.6% in the 3rd quarter. New York State Teachers Retirement System now owns 115,339 shares of the textile maker’s stock worth $2,188,000 after acquiring an additional 1,767 shares during the period. Finally, Private Advisor Group LLC acquired a new position in Interface during the 3rd quarter worth $790,000. 98.34% of the stock is owned by institutional investors.

Interface Company Profile

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.