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

Interface (NASDAQ:TILE - Get Free Report)'s stock had its "outperform" rating reaffirmed by Barrington Research in a report issued on Tuesday,Benzinga reports. They presently have a $30.00 target price on the textile maker's stock. Barrington Research's target price indicates a potential upside of 61.46% from the stock's current price.

Separately, StockNews.com lowered Interface from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th.

Interface Stock Down 0.4 %

Interface stock traded down $0.08 during mid-day trading on Tuesday, hitting $18.58. The company's stock had a trading volume of 841,353 shares, compared to its average volume of 518,936. Interface has a 52-week low of $14.13 and a 52-week high of $27.34. The company has a market cap of $1.08 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 0.96 and a beta of 1.93. 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 firm's 50 day moving average is $19.77 and its 200 day moving average is $22.15.

Interface (NASDAQ:TILE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The textile maker reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.05. The firm had revenue of $335.00 million for the quarter, compared to the consensus estimate of $340.51 million. Interface had a net margin of 6.49% and a return on equity of 19.91%. The firm's revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 earnings per share. On average, analysts anticipate that Interface will post 1.37 earnings per share for the current year.

Insider Activity

In other news, Director Daniel T. Hendrix sold 7,500 shares of Interface stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $19.95, for a total value of $149,625.00. Following the transaction, the director now directly owns 96,147 shares in the company, valued at approximately $1,918,132.65. The trade was a 7.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.60% of the stock is currently owned by insiders.

Institutional Trading of Interface

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Venturi Wealth Management LLC boosted its position in shares of Interface by 204.4% in the fourth quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker's stock valued at $27,000 after acquiring an additional 750 shares during the period. Huntington National Bank bought a new stake in Interface in the 4th quarter valued at $28,000. Smartleaf Asset Management LLC grew its position in Interface by 78.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,242 shares of the textile maker's stock worth $30,000 after purchasing an additional 546 shares during the last quarter. Principal Securities Inc. increased its holdings in shares of Interface by 103.1% during the 4th quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker's stock worth $36,000 after purchasing an additional 741 shares during the period. Finally, Virtus Fund Advisers LLC acquired a new position in shares of Interface during the fourth quarter valued at about $48,000. Institutional investors and hedge funds 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.