Interface (NASDAQ:TILE) Price Target Raised to $26.00 at Barrington Research

Interface (NASDAQ:TILE) had its price target boosted by Barrington Research from $22.00 to $26.00 in a research report report published on Friday, Benzinga reports. They currently have an outperform rating on the textile maker’s stock.

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

Interface Trading Up 33.0 %

NASDAQ TILE traded up $5.77 during trading on Friday, hitting $23.24. The stock had a trading volume of 2,159,813 shares, compared to its average volume of 448,941. The company has a market capitalization of $1.35 billion, a PE ratio of 20.75, a PEG ratio of 0.93 and a beta of 1.97. The company has a quick ratio of 1.45, a current ratio of 2.76 and a debt-to-equity ratio of 0.84. The firm has a 50 day moving average price of $18.64 and a 200 day moving average price of $16.80. Interface has a twelve month low of $9.04 and a twelve month high of $23.46.

Interface (NASDAQ:TILE) last released its earnings results on Friday, November 1st. The textile maker reported $0.48 earnings per share 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 the consensus estimate of $336.39 million. Interface had a return on equity of 18.42% and a net margin of 5.20%. Interface’s revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 EPS. As a group, equities research analysts forecast that Interface will post 1.28 earnings per share 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 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date of this dividend was Friday, August 30th. Interface’s dividend payout ratio is presently 3.57%.

Insider Transactions at Interface

In other news, CFO Bruce Andrew Hausmann sold 55,000 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 198,475 shares of the company’s stock, valued at approximately $3,374,075. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Daniel T. Hendrix sold 3,555 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $17.53, for a total value of $62,319.15. Following the completion of the transaction, the director now directly owns 191,147 shares of the company’s stock, valued at $3,350,806.91. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Bruce Andrew Hausmann sold 55,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $17.00, for a total value of $935,000.00. Following the completion of the transaction, the chief financial officer now directly owns 198,475 shares of the company’s stock, valued at $3,374,075. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,458 shares of company stock valued at $1,339,433. 2.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Interface

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Innealta Capital LLC purchased a new stake in Interface in the second quarter valued at approximately $32,000. Allspring Global Investments Holdings LLC purchased a new stake in Interface in the first quarter valued at approximately $57,000. nVerses Capital LLC purchased a new stake in Interface in the third quarter valued at approximately $70,000. Farther Finance Advisors LLC lifted its stake in Interface by 1,348.0% in the third quarter. Farther Finance Advisors LLC now owns 6,241 shares of the textile maker’s stock valued at $118,000 after buying an additional 5,810 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Interface in the second quarter valued at approximately $91,000. 98.34% of the stock is owned by institutional investors and hedge funds.

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.