Interface (NASDAQ:TILE) Downgraded by StockNews.com to "Hold"

Interface (NASDAQ:TILE - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Friday.

Separately, Barrington Research restated an "outperform" rating and issued a $30.00 price objective on shares of Interface in a research report on Tuesday, April 15th.

Interface Stock Performance

Shares of Interface stock traded up $0.25 during trading hours on Friday, hitting $18.42. 210,599 shares of the company's stock traded hands, compared to its average volume of 541,483. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 0.96 and a beta of 1.93. Interface has a 12-month low of $14.13 and a 12-month high of $27.34. 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 company has a fifty day simple moving average of $19.58 and a 200-day simple moving average of $22.15.

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

Insider Buying and Selling at Interface

In related news, Director Daniel T. Hendrix sold 12,500 shares of Interface stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $23.78, for a total value of $297,250.00. Following the transaction, the director now owns 103,647 shares in the company, valued at $2,464,725.66. This trade represents a 10.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

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