Interface (NASDAQ:TILE) Stock Rating Reaffirmed by Barrington Research

Barrington Research restated their outperform rating on shares of Interface (NASDAQ:TILE) in a report released on Friday, Benzinga reports. The firm currently has a $22.00 target price on the textile maker’s stock.

Separately, StockNews.com raised shares of Interface from a buy rating to a strong-buy rating in a report on Tuesday, August 6th.

Interface Stock Performance

NASDAQ:TILE opened at $18.55 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.45 and a current ratio of 2.76. The stock has a 50-day simple moving average of $17.62 and a two-hundred day simple moving average of $16.30. The firm has a market capitalization of $1.08 billion, a PE ratio of 18.37, a P/E/G ratio of 0.94 and a beta of 1.98. Interface has a 52-week low of $8.26 and a 52-week high of $19.45.

Interface (NASDAQ:TILE) last released its earnings results on Friday, August 2nd. The textile maker reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.12. Interface had a net margin of 5.20% and a return on equity of 18.42%. The company had revenue of $346.60 million during the quarter, compared to analyst estimates of $340.21 million. During the same period in the prior year, the firm posted $0.25 EPS. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. Analysts forecast that Interface will post 1.28 EPS for the current year.

Interface Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.22%. The ex-dividend date was Friday, August 30th. Interface’s payout ratio is currently 3.96%.

Insider Buying and Selling

In other Interface news, Director Daniel T. Hendrix sold 10,347 shares of the stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $14.43, for a total transaction of $149,307.21. Following the completion of the transaction, the director now owns 248,300 shares of the company’s stock, valued at approximately $3,582,969. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Daniel T. Hendrix sold 10,347 shares of the stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $14.43, for a total transaction of $149,307.21. Following the completion of the transaction, the director now directly owns 248,300 shares in the company, valued at approximately $3,582,969. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Bruce Andrew Hausmann sold 55,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $17.00, for a total transaction of $935,000.00. Following the completion of the sale, the chief financial officer now owns 198,475 shares in the company, valued at approximately $3,374,075. The disclosure for this sale can be found here. Over the last quarter, insiders sold 125,858 shares of company stock worth $2,091,604. 2.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ProShare Advisors LLC raised its holdings in Interface by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 11,576 shares of the textile maker’s stock valued at $195,000 after buying an additional 794 shares during the period. First Hawaiian Bank grew its stake in shares of Interface by 3.8% during the first quarter. First Hawaiian Bank now owns 36,890 shares of the textile maker’s stock valued at $620,000 after buying an additional 1,353 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Interface by 6.6% in the second quarter. The Manufacturers Life Insurance Company now owns 22,103 shares of the textile maker’s stock worth $324,000 after buying an additional 1,368 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Interface by 13.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,825 shares of the textile maker’s stock worth $218,000 after acquiring an additional 1,770 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Interface by 4.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 54,431 shares of the textile maker’s stock valued at $916,000 after acquiring an additional 2,073 shares during the period. Hedge funds and other institutional investors own 98.34% of the company’s stock.

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.