Interface (NASDAQ:TILE) Earns “Outperform” Rating from Barrington Research

Interface (NASDAQ:TILE)‘s stock had its “outperform” rating reissued by equities research analysts at Barrington Research in a research report issued on Tuesday,Benzinga reports. They presently have a $30.00 price objective on the textile maker’s stock. Barrington Research’s target price would suggest a potential upside of 22.90% from the company’s current price.

Separately, StockNews.com downgraded 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 $24.41 on Tuesday. Interface has a twelve month low of $12.36 and a twelve month high of $27.34. The company has a current ratio of 2.57, a quick ratio of 1.38 and a debt-to-equity ratio of 0.66. The firm has a 50-day moving average of $25.01 and a two-hundred day moving average of $21.06. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 1.06 and a beta of 2.10.

Interface (NASDAQ:TILE) last announced 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. The company had revenue of $344.30 million during the quarter, compared to the consensus estimate of $336.39 million. Interface had a return on equity of 19.91% and a net margin of 6.49%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 EPS. As a group, analysts expect that Interface will post 1.37 earnings per share for the current fiscal year.

Insider Transactions at Interface

In other Interface news, CFO Bruce Andrew Hausmann sold 30,000 shares of the company’s 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 completion of the sale, the chief financial officer now directly owns 168,475 shares in the company, valued at $4,296,112.50. This represents a 15.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Stansfield Nigel sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $24.12, for a total value of $482,400.00. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders sold 95,675 shares of company stock valued at $2,421,237 in the last three months. Corporate insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Interface

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its holdings in shares of Interface by 10.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,691,190 shares of the textile maker’s stock worth $39,507,000 after purchasing an additional 247,350 shares during the period. Foundry Partners LLC bought a new stake in shares of Interface in the 3rd quarter worth approximately $4,308,000. Barclays PLC grew its holdings in shares of Interface by 688.5% during the 3rd quarter. Barclays PLC now owns 256,987 shares of the textile maker’s stock worth $4,873,000 after purchasing an additional 224,395 shares in the last quarter. Weiss Asset Management LP bought a new stake in shares of Interface during the third quarter valued at approximately $4,206,000. Finally, Algert Global LLC acquired a new stake in Interface during the second quarter worth $1,828,000. 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.