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

Interface (NASDAQ:TILE - Get Free Report)'s stock had its "outperform" rating reissued by research analysts at Barrington Research in a report issued on Tuesday,Benzinga reports. They currently have a $30.00 target price on the textile maker's stock. Barrington Research's target price indicates a potential upside of 42.05% 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 Trading Up 1.9%

NASDAQ TILE traded up $0.40 during mid-day trading on Tuesday, hitting $21.12. The company's stock had a trading volume of 199,169 shares, compared to its average volume of 494,240. Interface has a 52-week low of $14.75 and a 52-week high of $27.34. The stock's fifty day simple moving average is $20.74 and its two-hundred day simple moving average is $20.81. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.76 and a quick ratio of 1.42. The firm has a market capitalization of $1.24 billion, a P/E ratio of 14.57, a price-to-earnings-growth ratio of 0.87 and a beta of 1.97.

Interface (NASDAQ:TILE - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The textile maker reported $0.25 EPS for the quarter, beating the consensus estimate of $0.21 by $0.04. Interface had a net margin of 6.48% and a return on equity of 17.73%. The firm had revenue of $297.41 million for the quarter, compared to analyst estimates of $297.11 million. During the same quarter last year, the firm posted $0.24 earnings per share. Interface's revenue for the quarter was up 2.7% compared to the same quarter last year. Research analysts expect that Interface will post 1.37 EPS for the current year.

Insider Buying and Selling at Interface

In other news, VP James Poppens sold 19,474 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $20.14, for a total transaction of $392,206.36. Following the completion of the sale, the vice president owned 130,142 shares of the company's stock, valued at approximately $2,621,059.88. This trade represents a 13.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.30% of the company's stock.

Institutional Trading of Interface

A number of hedge funds have recently made changes to their positions in TILE. Huntington National Bank bought a new position in Interface during the fourth quarter worth $28,000. Virtus Fund Advisers LLC bought a new stake in Interface in the fourth quarter valued at $48,000. Versant Capital Management Inc lifted its stake in Interface by 49.6% in the first quarter. Versant Capital Management Inc now owns 2,458 shares of the textile maker's stock valued at $49,000 after buying an additional 815 shares during the last quarter. Virtus Advisers LLC bought a new stake in Interface in the first quarter valued at $57,000. Finally, National Bank of Canada FI lifted its stake in Interface by 13.3% in the fourth quarter. National Bank of Canada FI now owns 3,850 shares of the textile maker's stock valued at $94,000 after buying an additional 451 shares during the last quarter. Institutional investors and hedge funds 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.