Interface (NASDAQ:TILE) Raised to Buy at StockNews.com

Interface (NASDAQ:TILE) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report issued on Monday.

Separately, Barrington Research reiterated an “outperform” rating and issued a $30.00 price objective on shares of Interface in a research note on Tuesday, April 15th.

Interface Trading Up 1.6 %

Interface stock opened at $18.99 on Monday. Interface has a 52 week low of $14.13 and a 52 week high of $27.34. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.57. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 13.28, a P/E/G ratio of 0.96 and a beta of 1.93. The company has a 50 day moving average price of $19.17 and a 200 day moving average price of $22.16.

Interface (NASDAQ:TILE) last announced its quarterly earnings data on Tuesday, February 25th. The textile maker reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.05. The firm had revenue of $335.00 million during the quarter, compared to the consensus estimate of $340.51 million. Interface had a return on equity of 19.91% and a net margin of 6.49%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 EPS. Research analysts forecast that Interface will post 1.37 EPS for the current year.

Insiders Place Their Bets

In other Interface news, Director Daniel T. Hendrix sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $19.95, for a total value of $149,625.00. Following the completion of the sale, the director now directly owns 96,147 shares of the company’s stock, valued at $1,918,132.65. The trade was a 7.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On Interface

Institutional investors and hedge funds have recently modified their holdings of the business. Amundi raised its holdings in Interface by 202.0% during the fourth quarter. Amundi now owns 34,408 shares of the textile maker’s stock valued at $804,000 after buying an additional 23,013 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Interface by 103.2% during the 4th quarter. Jennison Associates LLC now owns 65,494 shares of the textile maker’s stock valued at $1,595,000 after acquiring an additional 33,264 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Interface in the 4th quarter valued at approximately $479,000. Vanguard Group Inc. lifted its holdings in Interface by 4.2% in the 4th quarter. Vanguard Group Inc. now owns 6,116,464 shares of the textile maker’s stock worth $148,936,000 after purchasing an additional 246,726 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Interface during the fourth quarter worth approximately $322,000. Institutional investors and hedge funds 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.