Interface (NASDAQ:TILE) Stock Price Passes Below 200-Day Moving Average - Should You Sell?

Key Points

• Below its 200‑day moving average: Interface (TILE) traded as low as $24.80 and last at $24.87, below its 200‑day moving average of $28.54.
• Analysts remain generally positive with an average rating of Moderate Buy and an average price target of $36, despite recent mixed upgrades and downgrades.
• Fundamentals were mixed: the company beat EPS ($0.49 vs. $0.40), announced a higher quarterly dividend of $0.03, and saw insider selling (VP sold 8,000 shares).

Interface, Inc. (NASDAQ:TILE - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $28.54 and traded as low as $24.80. Interface shares last traded at $24.87, with a volume of 740,863 shares trading hands.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Weiss Ratings raised shares of Interface from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, March 20th. Wall Street Zen cut shares of Interface from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 17th. Zacks Research cut shares of Interface from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 30th. Finally, Barrington Research upped their price objective on shares of Interface from $32.00 to $36.00 and gave the company an "outperform" rating in a research note on Friday, January 23rd. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Interface presently has an average rating of "Moderate Buy" and an average price target of $36.00.

Interface Price Performance

The stock's fifty day moving average price is $29.55 and its 200-day moving average price is $28.54. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 12.69, a P/E/G ratio of 0.83 and a beta of 1.96. The company has a current ratio of 2.34, a quick ratio of 1.18 and a debt-to-equity ratio of 0.27.

Interface (NASDAQ:TILE - Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The textile maker reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.09. The business had revenue of $349.39 million during 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 business's revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.34 EPS. As a group, equities research analysts forecast that Interface, Inc. will post 1.37 earnings per share for the current fiscal year.

Interface Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be issued a dividend of $0.03 per share. The ex-dividend date is Friday, March 27th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from Interface's previous quarterly dividend of $0.02. Interface's payout ratio is 6.12%.

Insider Activity

In other news, VP James Poppens sold 8,000 shares of the firm's stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $28.05, for a total transaction of $224,400.00. Following the completion of the sale, the vice president owned 103,846 shares in the company, valued at $2,912,880.30. This trade represents a 7.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have sold 25,650 shares of company stock worth $736,292. 2.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Interface

Hedge funds have recently made changes to their positions in the stock. CIBC Private Wealth Group LLC boosted its position in shares of 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 purchasing an additional 631 shares during the period. TD Private Client Wealth LLC purchased a new position in shares of Interface during the 3rd quarter worth approximately $32,000. Blue Trust Inc. purchased a new position in shares of Interface during the 3rd quarter worth approximately $34,000. Larson Financial Group LLC boosted its position in shares of 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 purchasing an additional 628 shares during the period. Finally, EverSource Wealth Advisors LLC purchased a new position in shares of Interface during the 2nd quarter worth approximately $35,000. Hedge funds and other institutional investors 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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