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

Interface (NASDAQ:TILE - Get Free Report)'s stock had its "outperform" rating reaffirmed by Barrington Research in a research note issued on Tuesday,Benzinga reports. They presently have a $30.00 price target on the textile maker's stock. Barrington Research's price objective would suggest a potential upside of 43.92% from the stock's previous close.

Separately, Wall Street Zen raised shares of Interface from a "hold" rating to a "buy" rating in a research report on Saturday, May 10th.

Interface Stock Performance

Shares of TILE traded up $0.46 during mid-day trading on Tuesday, reaching $20.85. The company's stock had a trading volume of 104,399 shares, compared to its average volume of 492,868. The stock has a market cap of $1.22 billion, a P/E ratio of 14.38, a PEG ratio of 0.87 and a beta of 1.97. The company has a current ratio of 2.76, a quick ratio of 1.42 and a debt-to-equity ratio of 0.59. Interface has a 1-year low of $14.75 and a 1-year high of $27.34. The business has a 50-day simple moving average of $20.75 and a two-hundred day simple moving average of $20.84.

Interface (NASDAQ:TILE - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The textile maker reported $0.25 EPS for the quarter, beating the consensus estimate of $0.21 by $0.04. The business had revenue of $297.41 million during the quarter, compared to the consensus estimate of $297.11 million. Interface had a net margin of 6.48% and a return on equity of 17.73%. The firm's revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.24 EPS. As a group, equities research analysts anticipate that Interface will post 1.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Interface news, VP James Poppens sold 19,474 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $20.14, for a total value of $392,206.36. Following the sale, the vice president directly owned 130,142 shares in the company, valued at $2,621,059.88. This represents a 13.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. State of Alaska Department of Revenue increased its stake in Interface by 7.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 34,865 shares of the textile maker's stock worth $729,000 after purchasing an additional 2,559 shares during the period. Congress Asset Management Co. grew its holdings in shares of Interface by 9.1% in the second quarter. Congress Asset Management Co. now owns 2,473,541 shares of the textile maker's stock worth $51,771,000 after purchasing an additional 206,962 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new position in shares of Interface in the second quarter worth $755,000. Voya Investment Management LLC raised its holdings in Interface by 35.3% during the 1st quarter. Voya Investment Management LLC now owns 59,988 shares of the textile maker's stock valued at $1,190,000 after buying an additional 15,638 shares during the last quarter. Finally, Inspire Investing LLC boosted its position in Interface by 5.6% during the 1st quarter. Inspire Investing LLC now owns 17,372 shares of the textile maker's stock valued at $345,000 after buying an additional 928 shares during the period. 98.34% of the stock is owned by hedge funds and other institutional investors.

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.

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