Interface Inc. (NASDAQ:TILE) has been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the company. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $21.00.
A number of analysts have commented on TILE shares. Zacks Investment Research lowered Interface from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 29th. Raymond James Financial Inc. lowered Interface from a “market perform” rating to an “underperform” rating in a report on Friday, June 24th. Finally, TheStreet raised Interface from a “hold” rating to a “buy” rating in a report on Monday, June 20th.
In related news, insider Raymond S. Willoch sold 23,007 shares of the company’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $17.08, for a total value of $392,959.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Daniel T. Hendrix sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $16.40, for a total value of $49,200.00. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of the stock. First Mercantile Trust Co. increased its position in Interface by 69.5% in the third quarter. First Mercantile Trust Co. now owns 7,886 shares of the company’s stock valued at $132,000 after buying an additional 3,234 shares during the last quarter. Macquarie Group Ltd. purchased a new position in Interface during the second quarter valued at approximately $1,888,000. Mason Street Advisors LLC purchased a new position in Interface during the second quarter valued at approximately $195,000. Front Street Capital Management Inc. purchased a new position in Interface during the second quarter valued at approximately $447,000. Finally, Wedge Capital Management L L P NC purchased a new position in Interface during the second quarter valued at approximately $11,073,000. Institutional investors and hedge funds own 94.00% of the company’s stock.
Interface (NASDAQ:TILE) opened at 16.70 on Monday. The stock’s 50 day moving average price is $16.98 and its 200 day moving average price is $16.91. The firm has a market capitalization of $1.08 billion, a PE ratio of 15.25 and a beta of 1.21. Interface has a 52-week low of $13.70 and a 52-week high of $24.44.
Interface (NASDAQ:TILE) last issued its earnings results on Wednesday, July 27th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. Interface had a return on equity of 20.70% and a net margin of 7.40%. The business earned $248.20 million during the quarter, compared to analyst estimates of $256.99 million. During the same period in the previous year, the company posted $0.33 EPS. The firm’s revenue was down 5.8% compared to the same quarter last year. On average, analysts predict that Interface will post $1.15 EPS for the current fiscal year.
Interface Company Profile
Interface Inc is engaged in design, production and sales of modular carpet, also known as carpet tile across the world. The Company markets its modular carpets in over 110 countries under the brand names Interface and FLOR. The Company distributes its product through approximately two primary channels, including direct sales to end users and indirect sales through independent contractors or distributors.
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