Interface’s (TILE) “Outperform” Rating Reiterated at Barrington Research

Interface (NASDAQ:TILE)‘s stock had its “outperform” rating reissued by stock analysts at Barrington Research in a report released on Tuesday,Benzinga reports. They presently have a $30.00 target price on the textile maker’s stock. Barrington Research’s price target would indicate a potential upside of 23.00% from the stock’s previous close.

Separately, StockNews.com cut shares of Interface from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 4th.

Interface Stock Down 0.3 %

TILE opened at $24.39 on Tuesday. The company has a market capitalization of $1.42 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of 1.06 and a beta of 2.10. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 1.38. Interface has a fifty-two week low of $12.19 and a fifty-two week high of $27.34. The business has a 50-day moving average of $25.04 and a 200-day moving average of $20.93.

Interface (NASDAQ:TILE) last issued its quarterly earnings data on Friday, November 1st. The textile maker reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.14. Interface had a return on equity of 19.91% and a net margin of 6.49%. The business had revenue of $344.30 million for the quarter, compared to analyst estimates of $336.39 million. During the same quarter in the prior year, the firm posted $0.28 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. Equities research analysts forecast that Interface will post 1.37 EPS for the current fiscal year.

Insider Transactions at Interface

In other Interface news, VP Stansfield Nigel sold 20,000 shares of Interface stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $24.12, for a total transaction of $482,400.00. Following the sale, the vice president now owns 144,355 shares in the company, valued at $3,481,842.60. The trade was a 12.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Bruce Andrew Hausmann sold 30,000 shares of Interface stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $25.50, for a total transaction of $765,000.00. Following the sale, the chief financial officer now owns 168,475 shares in the company, valued at approximately $4,296,112.50. This trade represents a 15.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 95,675 shares of company stock worth $2,421,237. 2.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Interface

A number of institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC increased its position in Interface by 17.5% in the 4th quarter. GAMMA Investing LLC now owns 3,880 shares of the textile maker’s stock valued at $94,000 after acquiring an additional 578 shares in the last quarter. National Bank of Canada FI grew its stake in shares of Interface by 33.7% during the third quarter. National Bank of Canada FI now owns 3,399 shares of the textile maker’s stock valued at $64,000 after purchasing an additional 856 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Interface by 6.6% in the second quarter. The Manufacturers Life Insurance Company now owns 22,103 shares of the textile maker’s stock valued at $324,000 after purchasing an additional 1,368 shares in the last quarter. KBC Group NV raised its position in Interface by 70.7% in the 3rd quarter. KBC Group NV now owns 3,472 shares of the textile maker’s stock worth $66,000 after purchasing an additional 1,438 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its holdings in Interface by 1.6% during 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 buying an additional 1,767 shares in the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.

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.