Interface’s (TILE) Outperform Rating Reiterated at Barrington Research

Barrington Research restated their outperform rating on shares of Interface (NASDAQ:TILE) in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a $30.00 target price 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 Monday, November 4th.

Interface Stock Up 2.9 %

Shares of Interface stock opened at $25.12 on Tuesday. Interface has a 1 year low of $12.40 and a 1 year high of $27.34. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 1.38. The company has a market capitalization of $1.46 billion, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 1.06 and a beta of 2.10. The business has a 50-day moving average of $24.99 and a two-hundred day moving average of $21.09.

Interface (NASDAQ:TILE) last announced its earnings results on Friday, November 1st. The textile maker reported $0.48 EPS for the quarter, topping the consensus estimate of $0.34 by $0.14. The firm had revenue of $344.30 million for the quarter, compared to the consensus estimate of $336.39 million. Interface had a net margin of 6.49% and a return on equity of 19.91%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the company posted $0.28 EPS. As a group, equities analysts predict that Interface will post 1.37 EPS for the current year.

Interface Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a $0.01 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.16%. Interface’s dividend payout ratio (DPR) is presently 2.80%.

Insider Buying and Selling at Interface

In other news, CFO Bruce Andrew Hausmann sold 30,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $25.50, for a total value of $765,000.00. Following the sale, the chief financial officer now directly owns 168,475 shares of the company’s stock, valued at approximately $4,296,112.50. This represents a 15.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Stansfield Nigel sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $24.12, for a total value of $482,400.00. Following the completion of the sale, the vice president now directly owns 144,355 shares of the company’s stock, valued at approximately $3,481,842.60. The trade was a 12.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 95,675 shares of company stock worth $2,421,237. Insiders own 2.60% of the company’s stock.

Institutional Trading of Interface

Several hedge funds and other institutional investors have recently modified their holdings of TILE. Principal Securities Inc. lifted its position in 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 acquiring an additional 741 shares during the last quarter. Quarry LP increased its stake in shares of Interface by 499.5% during the third quarter. Quarry LP now owns 2,476 shares of the textile maker’s stock worth $47,000 after purchasing an additional 2,063 shares during the period. National Bank of Canada FI lifted its holdings in Interface by 33.7% during the 3rd quarter. National Bank of Canada FI now owns 3,399 shares of the textile maker’s stock worth $64,000 after purchasing an additional 856 shares during the last quarter. KBC Group NV boosted its stake in Interface by 70.7% in the 3rd quarter. KBC Group NV now owns 3,472 shares of the textile maker’s stock valued at $66,000 after purchasing an additional 1,438 shares during the period. Finally, nVerses Capital LLC acquired a new position in Interface in the 3rd quarter valued at $70,000. 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.