Barrington Research Forecasts Strong Price Appreciation for Interface (NASDAQ:TILE) Stock

Interface (NASDAQ:TILE) had its price target upped by investment analysts at Barrington Research from $22.00 to $26.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “outperform” rating on the textile maker’s stock. Barrington Research’s price objective would suggest a potential upside of 11.88% from the stock’s previous close.

Separately, StockNews.com upgraded shares of Interface from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th.

Interface Price Performance

TILE stock opened at $23.24 on Friday. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 0.91 and a beta of 1.97. The company has a current ratio of 2.76, a quick ratio of 1.45 and a debt-to-equity ratio of 0.84. The firm has a 50 day moving average of $18.64 and a 200-day moving average of $16.81. Interface has a 12-month low of $9.04 and a 12-month high of $23.46.

Interface (NASDAQ:TILE) last issued its quarterly earnings data on Friday, November 1st. The textile maker reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.14. The firm had revenue of $344.30 million during the quarter, compared to analysts’ expectations of $336.39 million. Interface had a return on equity of 18.42% and a net margin of 5.20%. Interface’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 earnings per share. As a group, equities analysts expect that Interface will post 1.28 EPS for the current fiscal year.

Insider Transactions at Interface

In related news, Director Daniel T. Hendrix sold 3,555 shares of Interface stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $17.53, for a total transaction of $62,319.15. Following the completion of the sale, the director now owns 191,147 shares in the company, valued at approximately $3,350,806.91. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Interface news, CFO Bruce Andrew Hausmann sold 55,000 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $17.00, for a total transaction of $935,000.00. Following the transaction, the chief financial officer now owns 198,475 shares of the company’s stock, valued at $3,374,075. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Daniel T. Hendrix sold 3,555 shares of Interface stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $17.53, for a total value of $62,319.15. Following the completion of the sale, the director now directly owns 191,147 shares of the company’s stock, valued at approximately $3,350,806.91. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,458 shares of company stock valued at $1,339,433 over the last three months. 2.60% of the stock is currently owned by insiders.

Institutional Trading of Interface

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Interface by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 5,298,736 shares of the textile maker’s stock worth $89,125,000 after acquiring an additional 43,184 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Interface by 1.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,892,968 shares of the textile maker’s stock valued at $42,469,000 after purchasing an additional 31,224 shares during the period. Dimensional Fund Advisors LP boosted its position in Interface by 10.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,691,190 shares of the textile maker’s stock valued at $39,507,000 after buying an additional 247,350 shares during the last quarter. American Century Companies Inc. boosted its holdings in Interface by 22.3% in the second quarter. American Century Companies Inc. now owns 1,563,447 shares of the textile maker’s stock valued at $22,951,000 after purchasing an additional 285,353 shares during the last quarter. Finally, Meros Investment Management LP increased its holdings in Interface by 1.5% during the 2nd quarter. Meros Investment Management LP now owns 698,305 shares of the textile maker’s stock worth $10,251,000 after purchasing an additional 10,616 shares during the last quarter. 98.34% of the stock is owned by institutional investors and hedge funds.

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.