Interface (NASDAQ:TILE) PT Raised to $22.00 at Barrington Research

Interface (NASDAQ:TILE - Get Free Report) had its target price raised by Barrington Research from $20.00 to $22.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an "outperform" rating on the textile maker's stock. Barrington Research's price objective would indicate a potential upside of 26.51% from the company's previous close.

Several other brokerages have also commented on TILE. TheStreet upgraded Interface from a "c" rating to a "b-" rating in a research note on Tuesday, February 27th. Truist Financial raised their target price on shares of Interface from $10.00 to $14.00 and gave the company a "hold" rating in a research report on Wednesday, February 28th.

Interface Trading Up 9.6 %

Shares of NASDAQ:TILE traded up $1.53 on Friday, hitting $17.39. 794,394 shares of the company's stock were exchanged, compared to its average volume of 385,721. The business's 50 day simple moving average is $15.85 and its two-hundred day simple moving average is $12.91. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.72 and a quick ratio of 1.42. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 0.97 and a beta of 1.99. Interface has a 12 month low of $6.51 and a 12 month high of $18.47.

Interface (NASDAQ:TILE - Get Free Report) last announced its quarterly earnings data on Friday, May 3rd. The textile maker reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.12. The company had revenue of $289.70 million during the quarter, compared to analyst estimates of $284.76 million. Interface had a net margin of 3.53% and a return on equity of 14.95%. The firm's revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the business posted $0.07 EPS. Analysts anticipate that Interface will post 1.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Interface

A number of institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in Interface in the 3rd quarter worth about $325,000. Independent Advisor Alliance grew its stake in Interface by 3.8% in the 3rd quarter. Independent Advisor Alliance now owns 67,510 shares of the textile maker's stock valued at $662,000 after acquiring an additional 2,476 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Interface by 86.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,235 shares of the textile maker's stock worth $149,000 after acquiring an additional 7,052 shares in the last quarter. Panagora Asset Management Inc. raised its position in Interface by 24.2% during the third quarter. Panagora Asset Management Inc. now owns 226,659 shares of the textile maker's stock worth $2,224,000 after acquiring an additional 44,186 shares during the period. Finally, Olympiad Research LP purchased a new position in Interface during the third quarter valued at $141,000. Hedge funds and other institutional investors 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.

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