StockNews.com Downgrades Interface (NASDAQ:TILE) to Buy

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

Separately, Barrington Research increased their price objective on shares of Interface from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday.

Interface Stock Performance

TILE stock traded up $0.26 during trading on Monday, reaching $23.50. 1,036,123 shares of the stock were exchanged, compared to its average volume of 451,702. Interface has a twelve month low of $9.04 and a twelve month high of $23.84. The company has a current ratio of 2.76, a quick ratio of 1.45 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $1.37 billion, a P/E ratio of 16.43, a price-to-earnings-growth ratio of 0.91 and a beta of 1.97. The stock has a 50 day simple moving average of $18.73 and a 200-day simple moving average of $16.89.

Interface (NASDAQ:TILE) last announced its quarterly earnings data on Friday, November 1st. The textile maker reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.14. The company had revenue of $344.30 million for the quarter, compared to analyst estimates of $336.39 million. Interface had a return on equity of 18.42% and a net margin of 5.20%. Interface’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 EPS. As a group, sell-side analysts anticipate that Interface will post 1.28 earnings per share for the current year.

Insider Activity at Interface

In other news, CFO Bruce Andrew Hausmann sold 55,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $17.00, for a total value of $935,000.00. Following the sale, the chief financial officer now owns 198,475 shares of the company’s stock, valued at approximately $3,374,075. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Stansfield Nigel sold 17,500 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $16.44, for a total transaction of $287,700.00. Following the completion of the sale, the vice president now directly owns 164,355 shares of the company’s stock, valued at $2,701,996.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Bruce Andrew Hausmann sold 55,000 shares of Interface stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $17.00, for a total value of $935,000.00. Following the completion of the transaction, the chief financial officer now owns 198,475 shares of the company’s stock, valued at approximately $3,374,075. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 76,055 shares of company stock valued at $1,285,019 in the last 90 days. 2.60% of the stock is owned by corporate insiders.

Institutional Trading of Interface

Several large investors have recently made changes to their positions in TILE. Innealta Capital LLC acquired a new position in Interface during the 2nd quarter worth about $32,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Interface during the first quarter worth approximately $57,000. nVerses Capital LLC bought a new stake in shares of Interface during the third quarter valued at approximately $70,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Interface in the second quarter valued at approximately $91,000. Finally, Point72 DIFC Ltd bought a new position in Interface in the 2nd quarter worth approximately $106,000. 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.