Shares of Interface, Inc. (NASDAQ:TILE) have earned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $19.00.
Several research analysts have issued reports on TILE shares. BidaskClub cut Interface from a “buy” rating to a “hold” rating in a report on Thursday, June 15th. ValuEngine raised Interface from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $19.00 price target on shares of Interface in a report on Friday, July 28th.
In other Interface news, Director Daniel T. Hendrix sold 6,000 shares of the business’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $18.95, for a total transaction of $113,700.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Stansfield Nigel sold 8,450 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $19.26, for a total transaction of $162,747.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,450 shares of company stock worth $391,107. Company insiders own 1.90% of the company’s stock.
Large investors have recently made changes to their positions in the business. Point72 Asset Management L.P. acquired a new stake in Interface during the 1st quarter valued at $4,913,000. BlackRock Inc. raised its stake in Interface by 144,783.3% during the 1st quarter. BlackRock Inc. now owns 7,815,006 shares of the textile maker’s stock valued at $148,876,000 after purchasing an additional 7,809,612 shares during the period. Arizona State Retirement System raised its stake in Interface by 0.3% during the 1st quarter. Arizona State Retirement System now owns 33,453 shares of the textile maker’s stock valued at $637,000 after purchasing an additional 100 shares during the period. Peregrine Capital Management LLC raised its stake in Interface by 2.0% during the 2nd quarter. Peregrine Capital Management LLC now owns 547,281 shares of the textile maker’s stock valued at $10,754,000 after purchasing an additional 10,950 shares during the period. Finally, Swiss National Bank raised its stake in Interface by 3.7% during the 1st quarter. Swiss National Bank now owns 106,700 shares of the textile maker’s stock valued at $2,033,000 after purchasing an additional 3,800 shares during the period. 93.36% of the stock is currently owned by institutional investors.
Interface (NASDAQ TILE) traded up 0.74% during trading on Friday, reaching $20.30. The company’s stock had a trading volume of 856,500 shares. Interface has a 52 week low of $14.59 and a 52 week high of $21.05. The firm has a 50-day moving average price of $19.15 and a 200-day moving average price of $19.33. The firm has a market capitalization of $1.25 billion, a P/E ratio of 26.13 and a beta of 1.19.
Interface (NASDAQ:TILE) last posted its quarterly earnings results on Wednesday, July 26th. The textile maker reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.02. The company had revenue of $251.70 million for the quarter, compared to analysts’ expectations of $254.94 million. Interface had a return on equity of 19.66% and a net margin of 5.21%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 earnings per share. On average, equities analysts anticipate that Interface will post $1.14 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 11th were paid a dividend of $0.065 per share. This is an increase from Interface’s previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a yield of 1.28%. The ex-dividend date was Wednesday, August 9th. Interface’s payout ratio is 33.33%.
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Interface Inc is engaged in design, production and sale of modular carpet, also known as carpet tile. As of January 1, 2017, the Company marketed its modular carpets in over 110 countries under the brand names Interface and FLOR. The Company operates through three segments: Americas, Europe and Asia-Pacific.
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