Interface (NASDAQ:TILE) Upgraded by StockNews.com to Buy Rating

Interface (NASDAQ:TILE - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Monday.

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

Interface Stock Performance

NASDAQ TILE traded down $0.05 during trading on Monday, reaching $18.70. The company's stock had a trading volume of 318,999 shares, compared to its average volume of 516,518. The firm has a 50 day moving average price of $19.23 and a 200 day moving average price of $22.18. Interface has a 12 month low of $14.13 and a 12 month high of $27.34. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 0.96 and a beta of 1.93. The company has a current ratio of 2.57, a quick ratio of 1.38 and a debt-to-equity ratio of 0.66.

Interface (NASDAQ:TILE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The textile maker reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.05. The business had revenue of $335.00 million for the quarter, compared to the consensus estimate of $340.51 million. Interface had a return on equity of 19.91% and a net margin of 6.49%. The firm's quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 earnings per share. As a group, equities 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 the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $23.78, for a total transaction of $297,250.00. Following the completion of the sale, the director now directly owns 103,647 shares in the company, valued at $2,464,725.66. This represents a 10.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.60% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. National Bank of Canada FI grew its holdings in shares of Interface by 13.3% during the 4th quarter. National Bank of Canada FI now owns 3,850 shares of the textile maker's stock valued at $94,000 after purchasing an additional 451 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Interface by 78.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,242 shares of the textile maker's stock worth $30,000 after buying an additional 546 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Interface by 17.5% during the fourth quarter. GAMMA Investing LLC now owns 3,880 shares of the textile maker's stock worth $94,000 after buying an additional 578 shares during the last quarter. Principal Securities Inc. increased its holdings in shares of Interface by 103.1% during the fourth quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker's stock worth $36,000 after buying an additional 741 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in shares of Interface by 204.4% in the 4th 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 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.

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