Interface (NASDAQ:TILE) Earns “Outperform” Rating from Barrington Research

Interface (NASDAQ:TILE)‘s stock had its “outperform” rating reaffirmed by Barrington Research in a note issued to investors on Tuesday,Benzinga reports. They currently have a $30.00 target price on the textile maker’s stock. Barrington Research’s price target indicates a potential upside of 57.87% from the company’s previous close.

Separately, StockNews.com downgraded Interface from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th.

Interface Price Performance

NASDAQ:TILE traded up $0.21 during midday trading on Tuesday, hitting $19.00. The company had a trading volume of 38,576 shares, compared to its average volume of 535,393. The stock’s fifty day moving average price is $20.11 and its 200-day moving average price is $22.17. Interface has a 52-week low of $14.13 and a 52-week high of $27.34. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $1.11 billion, a PE ratio of 13.28, a P/E/G ratio of 0.96 and a beta of 1.93.

Interface (NASDAQ:TILE) last announced its quarterly earnings results on Tuesday, February 25th. The textile maker reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.05. Interface had a net margin of 6.49% and a return on equity of 19.91%. The business had revenue of $335.00 million during the quarter, compared to analysts’ expectations of $340.51 million. During the same quarter in the prior year, the company posted $0.41 EPS. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, research analysts expect that Interface will post 1.37 earnings per share for the current year.

Insider Transactions at Interface

In related news, Director Daniel T. Hendrix sold 7,500 shares of Interface 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 in the company, valued at approximately $1,918,132.65. The trade was a 7.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Interface

Large investors have recently added to or reduced their stakes in the company. Venturi Wealth Management LLC increased its stake in 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 buying an additional 750 shares in the last quarter. Huntington National Bank purchased a new position in Interface during the 4th quarter valued at $28,000. Smartleaf Asset Management LLC increased its stake 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. lifted its position 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 purchasing an additional 741 shares during the last quarter. Finally, Virtus Fund Advisers LLC purchased a new stake in shares of Interface during the fourth quarter valued at $48,000. 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.