Interface (NASDAQ:TILE) Rating Lowered to “Buy” at Wall Street Zen

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

A number of other equities analysts have also recently weighed in on the company. Weiss Ratings cut Interface from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 6th. Zacks Research cut shares of Interface from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Finally, Barrington Research lifted their price target on shares of Interface from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $36.00.

Interface Price Performance

Shares of NASDAQ:TILE opened at $26.07 on Tuesday. The company’s fifty day moving average price is $30.98 and its 200-day moving average price is $28.80. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.34 and a quick ratio of 1.18. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 0.88 and a beta of 1.87. Interface has a one year low of $17.24 and a one year high of $35.11.

Interface (NASDAQ:TILE) last posted its quarterly earnings data on Tuesday, February 24th. The textile maker reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.09. The company had revenue of $349.39 million during the quarter, compared to the consensus estimate of $350.54 million. Interface had a net margin of 8.37% and a return on equity of 19.54%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 EPS. On average, equities research analysts anticipate that Interface will post 1.37 earnings per share for the current fiscal year.

Insider Buying and Selling at Interface

In related news, VP James Poppens sold 8,000 shares of the stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $28.05, for a total transaction of $224,400.00. Following the completion of the sale, the vice president directly owned 103,846 shares in the company, valued at $2,912,880.30. This represents a 7.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 25,650 shares of company stock valued at $736,292. Insiders own 2.30% of the company’s stock.

Institutional Trading of Interface

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC boosted its stake 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 valued at $27,000 after purchasing an additional 631 shares during the period. TD Private Client Wealth LLC bought a new stake in Interface during the 3rd quarter valued at $32,000. Blue Trust Inc. bought a new stake in Interface during the 3rd quarter valued at $34,000. Larson Financial Group LLC boosted its position in Interface by 114.6% during the 3rd 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. Finally, EverSource Wealth Advisors LLC purchased a new stake in Interface during the 2nd quarter valued at $35,000. Institutional investors own 98.34% of the company’s stock.

About Interface

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.