StockNews.com Upgrades Interface (NASDAQ:TILE) to "Buy"

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

Separately, Barrington Research restated 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

Interface stock traded up $0.38 during mid-day trading on Monday, reaching $19.23. The company's stock had a trading volume of 520,625 shares, compared to its average volume of 515,910. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 0.96 and a beta of 1.93. Interface has a twelve month low of $14.13 and a twelve month high of $27.34. The business has a 50 day moving average price of $19.07 and a 200-day moving average price of $22.13. 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 announced its quarterly earnings data on Friday, May 2nd. The textile maker reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.04. Interface had a net margin of 6.49% and a return on equity of 19.91%. The business had revenue of $297.41 million during the quarter, compared to the consensus estimate of $297.11 million. During the same quarter in the prior year, the firm earned $0.24 EPS. The company's revenue for the quarter was up 2.7% compared to the same quarter last year. Sell-side analysts predict that Interface will post 1.37 EPS for the current fiscal year.

Insider Buying and Selling at Interface

In other news, Director Daniel T. Hendrix sold 7,500 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $19.95, for a total transaction of $149,625.00. Following the transaction, the director now directly owns 96,147 shares of the company's stock, valued at approximately $1,918,132.65. This trade represents a 7.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Interface

Institutional investors and hedge funds have recently bought and sold shares of the stock. 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 worth $27,000 after acquiring an additional 750 shares during the period. Huntington National Bank bought a new stake in Interface during the fourth quarter worth approximately $28,000. Smartleaf Asset Management LLC lifted its position in Interface by 78.4% in the fourth 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 period. Principal Securities Inc. boosted its stake 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 in the last quarter. Finally, Virtus Fund Advisers LLC acquired a new position in shares of Interface during the 4th quarter valued at $48,000. Institutional investors 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.