Interface (NASDAQ:TILE) Upgraded at StockNews.com

Interface (NASDAQ:TILE) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Monday.

Separately, Barrington Research reiterated an “outperform” rating and set a $30.00 price objective on shares of Interface in a report on Tuesday, January 28th.

Interface Stock Down 0.8 %

TILE stock traded down $0.17 during midday trading on Monday, reaching $21.31. The company had a trading volume of 773,720 shares, compared to its average volume of 418,909. The company has a 50 day moving average of $23.94 and a two-hundred day moving average of $21.88. The company has a market capitalization of $1.24 billion, a P/E ratio of 14.90, a PEG ratio of 0.96 and a beta of 2.10. Interface has a 1 year low of $13.15 and a 1 year high of $27.34. The company has a current ratio of 2.57, a quick ratio of 1.38 and a debt-to-equity ratio of 0.66.

Insider Activity at Interface

In other Interface news, Director Daniel T. Hendrix sold 18,000 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $26.33, for a total transaction of $473,940.00. Following the transaction, the director now directly owns 153,147 shares of the company’s stock, valued at $4,032,360.51. This represents a 10.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP David B. Foshee sold 15,175 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $26.27, for a total value of $398,647.25. Following the transaction, the vice president now owns 202,398 shares in the company, valued at approximately $5,316,995.46. This trade represents a 6.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,175 shares of company stock valued at $1,471,087. 2.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Interface

Large investors have recently added to or reduced their stakes in the stock. Hood River Capital Management LLC bought a new stake in shares of Interface during the 4th quarter worth $28,897,000. Nuveen Asset Management LLC raised its holdings in Interface by 170.3% in the 4th quarter. Nuveen Asset Management LLC now owns 641,730 shares of the textile maker’s stock worth $15,626,000 after acquiring an additional 404,277 shares during the period. Vanguard Group Inc. lifted its position in Interface by 4.2% during the 4th quarter. Vanguard Group Inc. now owns 6,116,464 shares of the textile maker’s stock worth $148,936,000 after acquiring an additional 246,726 shares during the last quarter. Foundry Partners LLC bought a new stake in Interface during the third quarter valued at about $4,308,000. Finally, Barclays PLC grew its position in shares of Interface by 688.5% in the third quarter. Barclays PLC now owns 256,987 shares of the textile maker’s stock valued at $4,873,000 after purchasing an additional 224,395 shares during the last quarter. Institutional investors own 98.34% of the company’s stock.

About Interface

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.