Barrington Research Reaffirms Outperform Rating for Interface (NASDAQ:TILE)

Key Points

• Barrington Research reaffirmed an "Outperform" rating on Interface (TILE) with a $36 price target
• Interface beat Q4 EPS estimates ($0.49 vs. $0.40) while revenue was slightly below expectations at $349.4M, and the stock traded up 5.7% to $28.39; the company has a market cap of $1.65B, a P/E of 14.49 and a 52-week range of $17.72–$35.11.
• Insiders have been net sellers recently—VP James Poppens sold 8,000 shares and insiders sold 25,650 shares over 90 days—while institutional investors hold about 98.34% of the stock and insiders own 2.47%.

Interface (NASDAQ:TILE - Get Free Report)'s stock had its "outperform" rating restated by Barrington Research in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $36.00 price target on the textile maker's stock. Barrington Research's price objective suggests a potential upside of 26.81% from the company's current price.

A number of other research analysts also recently weighed in on TILE. Wall Street Zen downgraded Interface from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 17th. Zacks Research downgraded Interface from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 30th. Finally, Weiss Ratings raised Interface from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, March 20th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $36.00.

Interface Trading Up 5.7%

Interface stock traded up $1.54 during trading hours on Friday, reaching $28.39. 125,516 shares of the company's stock traded hands, compared to its average volume of 515,542. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.18 and a current ratio of 2.34. Interface has a fifty-two week low of $17.72 and a fifty-two week high of $35.11. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 0.88 and a beta of 1.96. The firm's 50 day moving average is $28.67 and its 200-day moving average is $28.42.

Interface (NASDAQ:TILE - Get Free Report) last released its earnings results on Tuesday, February 24th. The textile maker reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.09. The company had revenue of $349.39 million for the quarter, compared to the consensus estimate of $350.54 million. Interface had a net margin of 8.37% and a return on equity of 19.54%. The company's revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 EPS. On average, analysts predict that Interface will post 1.37 earnings per share for the current year.

Insider Buying and Selling

In related news, VP James Poppens sold 8,000 shares of the firm's stock in a transaction on Friday, March 6th. The stock was sold at an average price of $28.05, for a total transaction of $224,400.00. Following the sale, the vice president owned 103,846 shares of the company's stock, valued at approximately $2,912,880.30. This trade represents a 7.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 25,650 shares of company stock worth $736,292. Company insiders own 2.47% of the company's stock.

Institutional Trading of Interface

Hedge funds have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC raised its stake in Interface by 180.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 981 shares of the textile maker's stock worth $27,000 after buying an additional 631 shares during the period. TD Private Client Wealth LLC acquired a new stake in Interface during the 3rd quarter worth $32,000. Blue Trust Inc. acquired a new stake in Interface during the 3rd quarter worth $34,000. Larson Financial Group LLC raised its stake in Interface by 114.6% during the 3rd quarter. Larson Financial Group LLC now owns 1,176 shares of the textile maker's stock worth $34,000 after buying an additional 628 shares during the period. Finally, EverSource Wealth Advisors LLC acquired a new stake in Interface during the 2nd quarter worth $35,000. Institutional investors and hedge funds own 98.34% of the company's stock.

Interface Company Profile

Interface, Inc NASDAQ: TILE is a global manufacturer of modular flooring and resilient commercial flooring solutions. The company specializes in carpet tiles, luxury vinyl tile (LVT) and other environmentally responsible hard-surface products designed for use in corporate, education, healthcare, hospitality and retail environments. Interface's portfolio also includes broadloom carpet, rubber flooring and acoustic underlays, all engineered to meet performance, design and sustainability requirements in modern interior spaces.

Founded in 1973 by Ray C.

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