Interface (NASDAQ:TILE) Given Outperform Rating at Barrington Research

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

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

Interface Stock Down 2.2 %

Interface stock opened at $18.55 on Friday. Interface has a twelve month low of $8.26 and a twelve month high of $19.45. The business has a fifty day moving average of $17.62 and a two-hundred day moving average of $16.30. The firm has a market cap of $1.08 billion, a P/E ratio of 18.37, a P/E/G ratio of 0.94 and a beta of 1.98. The company has a quick ratio of 1.45, a current ratio of 2.76 and a debt-to-equity ratio of 0.84.

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

Interface Dividend Announcement

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

Insider Buying and Selling at Interface

In other news, Director Daniel T. Hendrix sold 10,347 shares of the business’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $14.43, for a total transaction of $149,307.21. Following the sale, the director now directly owns 248,300 shares of the company’s stock, valued at $3,582,969. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Interface news, Director Daniel T. Hendrix sold 10,347 shares of Interface stock in a transaction dated 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 sale, the director now owns 248,300 shares of the company’s stock, valued at approximately $3,582,969. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel T. Hendrix sold 3,555 shares of the stock in a transaction dated Wednesday, August 21st. The shares were 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 in the company, valued at $3,350,806.91. The disclosure for this sale can be found here. In the last quarter, insiders have sold 125,858 shares of company stock worth $2,091,604. 2.60% of the stock is owned by corporate insiders.

Institutional Trading of Interface

Several large investors have recently made changes to their positions in the business. First Eagle Investment Management LLC acquired a new stake in Interface during the 1st quarter worth about $2,027,000. SG Americas Securities LLC raised its position in shares of Interface by 1,195.5% in the second quarter. SG Americas Securities LLC now owns 84,647 shares of the textile maker’s stock worth $1,243,000 after acquiring an additional 78,113 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in shares of Interface by 182.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 130,020 shares of the textile maker’s stock worth $2,187,000 after acquiring an additional 83,932 shares in the last quarter. Inspire Investing LLC acquired a new stake in shares of Interface during the 1st quarter valued at about $859,000. Finally, Victory Capital Management Inc. raised its holdings in Interface by 107.2% in the 2nd quarter. Victory Capital Management Inc. now owns 182,620 shares of the textile maker’s stock worth $2,681,000 after purchasing an additional 94,499 shares during the period. 98.34% of the stock is owned by hedge funds and other 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.