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

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

Separately, Barrington Research restated an “outperform” rating and issued a $22.00 target price on shares of Interface in a research note on Monday, June 17th.

Interface Price Performance

TILE stock traded down $0.32 during trading on Monday, hitting $17.08. 336,299 shares of the stock traded hands, compared to its average volume of 405,008. The company has a current ratio of 2.72, a quick ratio of 1.30 and a debt-to-equity ratio of 0.89. The stock has a market cap of $994.74 million, a price-to-earnings ratio of 16.91, a P/E/G ratio of 0.98 and a beta of 2.01. Interface has a one year low of $8.26 and a one year high of $18.47. The company has a 50 day simple moving average of $15.40 and a 200 day simple moving average of $15.01.

Interface (NASDAQ:TILE) last announced its earnings results on Friday, May 3rd. The textile maker reported $0.24 EPS for the quarter, topping the consensus estimate of $0.12 by $0.12. Interface had a return on equity of 16.94% and a net margin of 4.73%. The business had revenue of $289.70 million for the quarter, compared to the consensus estimate of $284.76 million. During the same period in the previous year, the business earned $0.07 EPS. Interface’s revenue was down 2.1% compared to the same quarter last year. Equities analysts expect that Interface will post 1.18 EPS for the current fiscal year.

Insider Buying and Selling at Interface

In other news, Director Daniel T. Hendrix sold 12,500 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $15.05, for a total transaction of $188,125.00. Following the transaction, the director now owns 258,647 shares of the company’s stock, valued at $3,892,637.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Daniel T. Hendrix sold 17,300 shares of the stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $17.05, for a total value of $294,965.00. Following the transaction, the director now owns 213,647 shares of the company’s stock, valued at approximately $3,642,681.35. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Daniel T. Hendrix sold 12,500 shares of Interface stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $15.05, for a total value of $188,125.00. Following the sale, the director now directly owns 258,647 shares of the company’s stock, valued at $3,892,637.35. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 78,890 shares of company stock worth $1,264,933. Insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Interface

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC bought a new position in Interface during the 1st quarter worth approximately $2,027,000. State Board of Administration of Florida Retirement System increased its position in shares of Interface by 182.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 130,020 shares of the textile maker’s stock valued at $2,187,000 after buying an additional 83,932 shares in the last quarter. Access Investment Management LLC acquired a new stake in Interface during the 4th quarter worth $2,024,000. Inspire Investing LLC bought a new position in Interface during the first quarter worth about $859,000. Finally, Federated Hermes Inc. acquired a new position in Interface in the fourth quarter valued at about $1,187,000. Institutional investors 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.