Interface (TILE) Upgraded to Buy by ValuEngine

Interface (NASDAQ:TILE) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Sunday.

Several other research firms also recently commented on TILE. BidaskClub raised Interface from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Investment Research downgraded Interface from a “buy” rating to a “sell” rating in a report on Wednesday. Nomura increased their price objective on Interface from $24.00 to $28.00 and gave the company a “buy” rating in a report on Friday, October 27th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $23.00 price objective on shares of Interface in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $25.67.

Interface (NASDAQ TILE) traded up $0.60 during midday trading on Friday, hitting $25.15. The stock had a trading volume of 470,422 shares, compared to its average volume of 438,672. The firm has a market cap of $1,515.31, a P/E ratio of 29.59 and a beta of 1.35. The company has a current ratio of 2.51, a quick ratio of 1.40 and a debt-to-equity ratio of 0.66. Interface has a 12 month low of $17.17 and a 12 month high of $25.70.

Interface (NASDAQ:TILE) last released its quarterly earnings data on Wednesday, October 25th. The textile maker reported $0.32 EPS for the quarter, beating the consensus estimate of $0.30 by $0.02. The company had revenue of $257.43 million during the quarter, compared to the consensus estimate of $255.63 million. Interface had a return on equity of 21.39% and a net margin of 5.53%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. equities analysts predict that Interface will post 1.15 EPS for the current fiscal year.

In other Interface news, Director Daniel T. Hendrix sold 6,000 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $21.79, for a total transaction of $130,740.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.90% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Zions Bancorporation acquired a new stake in Interface during the 3rd quarter valued at $118,000. KBC Group NV acquired a new stake in Interface during the 2nd quarter valued at $133,000. Victory Capital Management Inc. lifted its holdings in Interface by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 7,846 shares of the textile maker’s stock valued at $154,000 after purchasing an additional 1,175 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Interface during the 3rd quarter valued at $247,000. Finally, Verition Fund Management LLC acquired a new stake in Interface during the 2nd quarter valued at $224,000. 92.28% of the stock is owned by institutional investors and hedge funds.

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About Interface

Interface Inc is engaged in design, production and sale of modular carpet, also known as carpet tile. As of January 1, 2017, the Company marketed its modular carpets in over 110 countries under the brand names Interface and FLOR. The Company operates through three segments: Americas, Europe and Asia-Pacific.

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