Barrington Research Raises Interface (NASDAQ:TILE) Price Target to $30.00

Interface (NASDAQ:TILE) had its price target hoisted by equities researchers at Barrington Research from $26.00 to $30.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the textile maker’s stock. Barrington Research’s price target points to a potential upside of 13.94% from the stock’s current price.

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

Interface Price Performance

Shares of NASDAQ:TILE opened at $26.33 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 1.38. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 1.29 and a beta of 2.09. The firm has a 50 day simple moving average of $22.83 and a 200 day simple moving average of $18.82. Interface has a one year low of $11.00 and a one year high of $27.34.

Interface (NASDAQ:TILE) last released its earnings results on Friday, November 1st. The textile maker reported $0.48 earnings per share 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 company had revenue of $344.30 million during the quarter, compared to analyst estimates of $336.39 million. During the same quarter in the previous year, the company posted $0.28 EPS. Interface’s revenue for the quarter was up 10.7% on a year-over-year basis. Research analysts predict that Interface will post 1.37 earnings per share for the current fiscal year.

Insider Buying and Selling at Interface

In other Interface news, VP Stansfield Nigel sold 20,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $24.12, for a total value of $482,400.00. Following the transaction, the vice president now owns 144,355 shares of the company’s stock, valued at approximately $3,481,842.60. The trade was a 12.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Bruce Andrew Hausmann sold 30,000 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $25.50, for a total transaction of $765,000.00. Following the completion of the sale, the chief financial officer now directly owns 168,475 shares in the company, valued at approximately $4,296,112.50. The trade was a 15.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 83,175 shares of company stock worth $2,119,987. 2.60% of the stock is currently owned by insiders.

Institutional Trading of Interface

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. raised its holdings in Interface by 3.7% during the third quarter. Franklin Resources Inc. now owns 89,576 shares of the textile maker’s stock valued at $1,735,000 after acquiring an additional 3,202 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Interface in the third quarter valued at approximately $1,661,000. Geode Capital Management LLC raised its stake in shares of Interface by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,371,976 shares of the textile maker’s stock valued at $26,031,000 after acquiring an additional 11,931 shares during the period. Barclays PLC increased its stake in Interface by 688.5% in the third quarter. Barclays PLC now owns 256,987 shares of the textile maker’s stock valued at $4,873,000 after purchasing an additional 224,395 shares during the last quarter. Finally, iSAM Funds UK Ltd acquired a new position in Interface in the 3rd quarter valued at $301,000. Hedge funds and other 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.