Interface (NASDAQ:TILE) Rating Reiterated by Barrington Research

Interface (NASDAQ:TILE)‘s stock had its “outperform” rating reissued by investment analysts at Barrington Research in a research note issued on Friday, Benzinga reports. They presently have a $22.00 target price on the textile maker’s stock. Barrington Research’s price objective would indicate a potential upside of 15.36% from the company’s previous close.

Separately, StockNews.com upgraded Interface from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th.

Interface Stock Performance

Shares of NASDAQ:TILE traded up $0.07 during midday trading on Friday, hitting $19.07. The stock had a trading volume of 224,421 shares, compared to its average volume of 416,466. Interface has a 1 year low of $8.26 and a 1 year high of $19.25. The stock has a 50 day moving average price of $17.50 and a two-hundred day moving average price of $16.24. The company has a market capitalization of $1.11 billion, a PE ratio of 18.79, a P/E/G ratio of 0.94 and a beta of 1.98. 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 (NASDAQ:TILE) last posted its quarterly earnings results on Friday, August 2nd. The textile maker reported $0.40 EPS for the quarter, beating the consensus estimate of $0.28 by $0.12. Interface had a return on equity of 18.42% and a net margin of 5.20%. The business had revenue of $346.60 million during the quarter, compared to analysts’ expectations of $340.21 million. During the same period last year, the firm earned $0.25 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, equities analysts predict that Interface will post 1.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Daniel T. Hendrix sold 2,153 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $14.67, for a total transaction of $31,584.51. Following the completion of the transaction, the director now owns 246,147 shares of the company’s stock, valued at $3,610,976.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Interface news, Director Daniel T. Hendrix sold 3,555 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $17.53, for a total transaction of $62,319.15. Following the sale, the director now directly owns 191,147 shares of the company’s stock, valued at $3,350,806.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel T. Hendrix sold 2,153 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $14.67, for a total value of $31,584.51. Following the completion of the sale, the director now directly owns 246,147 shares in the company, valued at approximately $3,610,976.49. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 125,858 shares of company stock worth $2,091,604. 2.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Innealta Capital LLC bought a new position in shares of Interface in the second quarter valued at approximately $32,000. Allspring Global Investments Holdings LLC acquired a new position in Interface during the first quarter worth about $57,000. GAMMA Investing LLC raised its position in Interface by 131.1% in the first quarter. GAMMA Investing LLC now owns 3,943 shares of the textile maker’s stock worth $66,000 after acquiring an additional 2,237 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Interface in the 2nd quarter worth approximately $91,000. Finally, Point72 DIFC Ltd bought a new stake in shares of Interface in the 2nd quarter worth approximately $106,000. 98.34% of the stock is owned by institutional investors and hedge funds.

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.