Interface (NASDAQ:TILE) Upgraded by StockNews.com to “Strong-Buy” Rating

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

Separately, Barrington Research restated an “outperform” rating and set a $30.00 target price on shares of Interface in a research note on Tuesday, January 28th.

Interface Stock Down 11.5 %

Shares of Interface stock opened at $18.87 on Monday. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66. Interface has a 52-week low of $13.15 and a 52-week high of $27.34. The company has a market capitalization of $1.10 billion, a P/E ratio of 13.20, a P/E/G ratio of 0.96 and a beta of 2.10. The company has a 50 day moving average of $23.84 and a 200 day moving average of $21.91.

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

Insider Activity at Interface

In other news, Director Daniel T. Hendrix sold 18,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $26.33, for a total value of $473,940.00. Following the completion of the sale, the director now directly owns 153,147 shares of the company’s stock, valued at approximately $4,032,360.51. The trade was a 10.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP David B. Foshee sold 15,175 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $26.27, for a total value of $398,647.25. Following the completion of the sale, the vice president now directly owns 202,398 shares of the company’s stock, valued at approximately $5,316,995.46. This trade represents a 6.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 58,175 shares of company stock valued at $1,471,087 over the last ninety days. Insiders own 2.60% of the company’s stock.

Institutional Trading of Interface

Several institutional investors and hedge funds have recently bought and sold shares of the business. Private Advisor Group LLC purchased a new stake in shares of Interface in the third quarter valued at about $790,000. HighTower Advisors LLC purchased a new stake in Interface during the 3rd quarter valued at 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 grew its stake in shares of Interface by 13.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 29,555 shares of the textile maker’s stock valued at $561,000 after purchasing an additional 3,464 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of Interface by 138.8% in the third 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. Hedge funds and other 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.