Interface (NASDAQ:TILE) Given “Outperform” Rating at 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 price objective on the textile maker’s stock.

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

Interface Stock Down 0.2 %

NASDAQ:TILE opened at $18.97 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.76 and a quick ratio of 1.45. The firm’s 50-day moving average price is $17.57 and its 200-day moving average price is $16.27. The company has a market capitalization of $1.10 billion, a PE ratio of 18.78, a P/E/G ratio of 0.94 and a beta of 1.98. Interface has a 1-year low of $8.26 and a 1-year high of $19.45.

Interface (NASDAQ:TILE) last announced its quarterly earnings data on Friday, August 2nd. The textile maker reported $0.40 earnings per share 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 for the quarter, compared to analysts’ expectations of $340.21 million. During the same quarter in the prior year, the company earned $0.25 earnings per share. The business’s revenue was up 5.2% compared to the same quarter last year. On average, equities analysts predict that Interface will post 1.28 EPS for the current fiscal year.

Interface Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $0.01 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.04 annualized dividend and a yield of 0.21%. Interface’s dividend payout ratio (DPR) is presently 3.96%.

Insider Transactions at Interface

In related news, Director Daniel T. Hendrix sold 10,347 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 248,300 shares of the company’s stock, valued at $3,582,969. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Daniel T. Hendrix sold 10,347 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $14.43, for a total value of $149,307.21. Following the transaction, the director now directly 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 is accessible through this hyperlink. Also, CFO Bruce Andrew Hausmann sold 55,000 shares of Interface stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $17.00, for a total value of $935,000.00. Following the completion of the sale, the chief financial officer now directly owns 198,475 shares of the company’s stock, valued at approximately $3,374,075. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 125,858 shares of company stock worth $2,091,604. Corporate insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Interface

A number of hedge funds have recently bought and sold shares of the business. ProShare Advisors LLC grew its stake in shares of Interface by 7.4% in the first quarter. ProShare Advisors LLC now owns 11,576 shares of the textile maker’s stock worth $195,000 after acquiring an additional 794 shares during the period. First Hawaiian Bank boosted its holdings in Interface by 3.8% in the first quarter. First Hawaiian Bank now owns 36,890 shares of the textile maker’s stock worth $620,000 after purchasing an additional 1,353 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Interface by 6.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,103 shares of the textile maker’s stock worth $324,000 after purchasing an additional 1,368 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Interface by 13.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,825 shares of the textile maker’s stock valued at $218,000 after buying an additional 1,770 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of 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 buying an additional 2,073 shares during the period. Hedge funds and other 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.