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

Barrington Research reissued their outperform rating on shares of Interface (NASDAQ:TILE) in a research note released on Tuesday,Benzinga reports. The brokerage currently has a $30.00 price objective on the textile maker’s stock.

Separately, StockNews.com cut shares of Interface from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th.

Interface Stock Down 0.4 %

NASDAQ:TILE opened at $18.58 on Tuesday. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 12.99, a P/E/G ratio of 0.96 and a beta of 1.93. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.57. The stock’s fifty day moving average price is $19.85 and its two-hundred day moving average price is $22.13. Interface has a 52-week low of $14.13 and a 52-week high of $27.34.

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

Interface Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were paid a $0.01 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.22%. Interface’s dividend payout ratio (DPR) is presently 2.72%.

Insider Activity at Interface

In other Interface news, Director Daniel T. Hendrix sold 7,500 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $19.95, for a total value of $149,625.00. Following the completion of the sale, the director now directly owns 96,147 shares in the company, valued at $1,918,132.65. This represents a 7.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.60% of the company’s stock.

Institutional Trading of Interface

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Interface by 4.2% in the fourth quarter. Vanguard Group Inc. now owns 6,116,464 shares of the textile maker’s stock valued at $148,936,000 after buying an additional 246,726 shares during the period. Congress Asset Management Co. acquired a new position in Interface in the 1st quarter worth $44,969,000. State Street Corp increased its holdings in Interface by 0.6% during the 3rd quarter. State Street Corp now owns 2,232,327 shares of the textile maker’s stock worth $42,347,000 after purchasing an additional 13,686 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Interface by 12.3% in the 4th quarter. American Century Companies Inc. now owns 1,992,296 shares of the textile maker’s stock valued at $48,512,000 after purchasing an additional 218,113 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Interface by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,371,976 shares of the textile maker’s stock valued at $26,031,000 after purchasing an additional 11,931 shares in the last quarter. 98.34% of the stock is owned by institutional investors.

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.