Interface (TILE) Raised to “Hold” at BidaskClub

BidaskClub upgraded shares of Interface (NASDAQ:TILE) from a sell rating to a hold rating in a research note issued to investors on Thursday.

A number of other equities research analysts have also issued reports on TILE. ValuEngine lowered shares of Interface from a hold rating to a sell rating in a report on Friday, October 12th. TheStreet lowered shares of Interface from a b rating to a c+ rating in a report on Wednesday, October 24th. Macquarie set a $20.00 target price on shares of Interface and gave the stock a hold rating in a report on Friday, October 26th. Finally, Nomura set a $26.00 price objective on shares of Interface and gave the company a buy rating in a research report on Monday, December 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $25.00.

Interface stock traded up $0.06 during mid-day trading on Thursday, reaching $15.62. 294,900 shares of the company’s stock were exchanged, compared to its average volume of 512,050. The firm has a market cap of $915.42 million, a PE ratio of 13.23 and a beta of 1.43. Interface has a twelve month low of $13.45 and a twelve month high of $26.25. The company has a quick ratio of 1.35, a current ratio of 2.52 and a debt-to-equity ratio of 1.75.



Interface (NASDAQ:TILE) last released its earnings results on Wednesday, October 24th. The textile maker reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. The company had revenue of $318.33 million for the quarter, compared to analyst estimates of $316.38 million. Interface had a net margin of 4.35% and a return on equity of 24.69%. During the same period in the prior year, the business earned $0.32 EPS. On average, equities research analysts anticipate that Interface will post 1.48 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the business. Teachers Advisors LLC increased its position in shares of Interface by 2.6% in the 3rd quarter. Teachers Advisors LLC now owns 119,298 shares of the textile maker’s stock valued at $2,786,000 after purchasing an additional 2,974 shares during the last quarter. Vanguard Group Inc increased its position in shares of Interface by 2.0% in the 3rd quarter. Vanguard Group Inc now owns 5,981,953 shares of the textile maker’s stock valued at $139,679,000 after purchasing an additional 115,036 shares during the last quarter. Federated Investors Inc. PA increased its position in shares of Interface by 84.3% in the 3rd quarter. Federated Investors Inc. PA now owns 384,483 shares of the textile maker’s stock valued at $8,977,000 after purchasing an additional 175,898 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Interface by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 5,981,953 shares of the textile maker’s stock valued at $139,679,000 after purchasing an additional 115,036 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of Interface by 7.2% in the 3rd quarter. Legal & General Group Plc now owns 139,152 shares of the textile maker’s stock valued at $3,244,000 after purchasing an additional 9,301 shares during the last quarter. 91.70% of the stock is currently owned by institutional investors.

Interface Company Profile

Interface, Inc, a modular flooring company, designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific. The company offers modular carpets under the Interface and FLOR names; carpet tiles under the GlasBacRE name for use in commercial interiors, including offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; modular resilient flooring products; and luxury vinyl tile products.

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