Interface (NASDAQ:TILE) Stock Rating Lowered by Wall Street Zen

Interface (NASDAQ:TILE) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.

Several other equities analysts also recently commented on TILE. Barrington Research increased their target price on Interface from $36.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Zacks Research downgraded Interface from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Benchmark assumed coverage on shares of Interface in a report on Tuesday, May 19th. They issued a “buy” rating and a $36.00 price objective for the company. Finally, Weiss Ratings upgraded shares of Interface from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.50.

Interface Stock Performance

NASDAQ TILE opened at $37.96 on Friday. The firm’s fifty day moving average price is $33.97 and its two-hundred day moving average price is $30.71. The stock has a market cap of $2.20 billion, a PE ratio of 15.37, a PEG ratio of 1.07 and a beta of 1.90. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.35 and a current ratio of 2.53. Interface has a fifty-two week low of $24.40 and a fifty-two week high of $40.50.

Interface (NASDAQ:TILE) last announced its quarterly earnings results on Friday, August 7th. The textile maker reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.24. The company had revenue of $395.70 million during the quarter, compared to analysts’ expectations of $391.22 million. Interface had a return on equity of 21.77% and a net margin of 10.10%.Interface’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 EPS. On average, equities analysts expect that Interface will post 2.36 EPS for the current fiscal year.

Insiders Place Their Bets

In other Interface news, CFO Bruce Andrew Hausmann sold 50,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $29.66, for a total transaction of $1,483,000.00. Following the completion of the sale, the chief financial officer owned 119,256 shares of the company’s stock, valued at approximately $3,537,132.96. This represents a 29.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.47% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. CIBC Private Wealth Group LLC increased its position in shares of Interface by 180.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 981 shares of the textile maker’s stock worth $27,000 after buying an additional 631 shares during the period. Larson Financial Group LLC lifted its holdings in Interface by 114.6% in the third quarter. Larson Financial Group LLC now owns 1,176 shares of the textile maker’s stock valued at $34,000 after buying an additional 628 shares during the period. EverSource Wealth Advisors LLC acquired a new position in Interface in the second quarter valued at $35,000. Allworth Financial LP bought a new stake in Interface during the second quarter valued at $36,000. Finally, Wexford Capital LP bought a new stake in Interface during the third quarter valued at $43,000. Institutional investors and hedge funds own 98.34% of the company’s stock.

Interface Company Profile

Interface, Inc (NASDAQ: TILE) is a global manufacturer of modular flooring and resilient commercial flooring solutions. The company specializes in carpet tiles, luxury vinyl tile (LVT) and other environmentally responsible hard-surface products designed for use in corporate, education, healthcare, hospitality and retail environments. Interface’s portfolio also includes broadloom carpet, rubber flooring and acoustic underlays, all engineered to meet performance, design and sustainability requirements in modern interior spaces.

Founded in 1973 by Ray C.