Interface (NASDAQ:TILE) Given Outperform Rating at Barrington Research

Barrington Research reissued their outperform rating on shares of Interface (NASDAQ:TILE) in a report released on Tuesday morning,Benzinga reports. The firm currently has a $30.00 target price on the textile maker’s stock.

Separately, StockNews.com raised Interface from a “buy” rating to a “strong-buy” rating in a report on Monday.

Interface Stock Down 11.5 %

TILE stock opened at $18.87 on Tuesday. 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 stock has a market capitalization of $1.10 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 0.96 and a beta of 2.10. The firm has a 50 day moving average of $23.84 and a 200 day moving average of $21.91.

Interface (NASDAQ:TILE) last announced its quarterly earnings data on Tuesday, February 25th. The textile maker reported $0.34 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $340.51 million. During the same period in the previous year, the company earned $0.41 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Sell-side analysts forecast that Interface will post 1.37 earnings per share for the current year.

Insider Activity

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position 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 in the last quarter. State Street Corp increased its holdings in shares of Interface by 0.6% during the 3rd quarter. State Street Corp now owns 2,232,327 shares of the textile maker’s stock valued at $42,347,000 after purchasing an additional 13,686 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Interface by 12.3% in the 4th quarter. American Century Companies Inc. now owns 1,992,296 shares of the textile maker’s stock valued at $48,512,000 after purchasing an additional 218,113 shares during the period. Geode Capital Management LLC boosted its holdings in Interface by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,371,976 shares of the textile maker’s stock worth $26,031,000 after buying an additional 11,931 shares in the last quarter. Finally, Hood River Capital Management LLC acquired a new stake in Interface during the fourth quarter valued at $28,897,000. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

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.