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

Barrington Research reissued their outperform rating on shares of Interface (NASDAQ:TILE) in a research note published 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 report on Monday, November 4th.

Interface Stock Up 2.9 %

Shares of TILE opened at $25.12 on Tuesday. The company has a current ratio of 2.57, a quick ratio of 1.38 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $1.46 billion, a PE ratio of 17.57, a P/E/G ratio of 1.06 and a beta of 2.10. The firm’s 50 day moving average is $24.99 and its 200-day moving average is $21.09. Interface has a 12 month low of $12.40 and a 12 month high of $27.34.

Interface (NASDAQ:TILE) last issued its earnings results on Friday, November 1st. The textile maker reported $0.48 EPS for the quarter, beating the consensus estimate of $0.34 by $0.14. The company had revenue of $344.30 million during the quarter, compared to analysts’ expectations of $336.39 million. Interface had a net margin of 6.49% and a return on equity of 19.91%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 EPS. Equities research analysts forecast that Interface will post 1.37 EPS for the current year.

Interface Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors 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 yield of 0.16%. Interface’s payout ratio is 2.80%.

Insider Transactions at Interface

In other Interface news, VP Stansfield Nigel sold 20,000 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $3,481,842.60. This trade represents a 12.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $765,000.00. Following the transaction, the chief financial officer now owns 168,475 shares in the company, valued at $4,296,112.50. This represents a 15.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 95,675 shares of company stock worth $2,421,237 over the last ninety days. 2.60% of the stock is owned by insiders.

Institutional Trading of Interface

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Securities Inc. grew its stake in Interface by 103.1% in the fourth quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker’s stock valued at $36,000 after acquiring an additional 741 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Interface in the 4th quarter valued at $228,000. MeadowBrook Investment Advisors LLC bought a new stake in Interface during the 4th quarter valued at $257,000. Jennison Associates LLC raised its holdings in Interface by 103.2% during the fourth quarter. Jennison Associates LLC now owns 65,494 shares of the textile maker’s stock worth $1,595,000 after buying an additional 33,264 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Interface in the fourth quarter valued at $322,000. 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.