BidaskClub Upgrades Interface (NASDAQ:TILE) to “Sell”

BidaskClub upgraded shares of Interface (NASDAQ:TILE) from a strong sell rating to a sell rating in a research report sent to investors on Saturday morning, BidAskClub reports.

A number of other equities analysts also recently weighed in on the company. ValuEngine downgraded Interface from a sell rating to a strong sell rating in a research note on Tuesday, July 2nd. SunTrust Banks set a $17.00 price objective on Interface and gave the stock a buy rating in a research report on Friday, July 26th. Finally, Zacks Investment Research cut Interface from a hold rating to a sell rating in a research report on Tuesday, July 30th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $20.33.

TILE opened at $13.14 on Friday. The company has a debt-to-equity ratio of 2.10, a current ratio of 2.49 and a quick ratio of 1.33. The company’s 50-day moving average is $11.97 and its 200 day moving average is $14.92. Interface has a fifty-two week low of $10.37 and a fifty-two week high of $23.80. The firm has a market capitalization of $685.65 million, a P/E ratio of 8.82 and a beta of 1.51.



Interface (NASDAQ:TILE) last issued its quarterly earnings data on Thursday, July 25th. The textile maker reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.02. The business had revenue of $357.50 million during the quarter, compared to the consensus estimate of $358.37 million. Interface had a net margin of 3.90% and a return on equity of 24.81%. The firm’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 EPS. On average, equities research analysts expect that Interface will post 1.52 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were given a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend was Thursday, August 8th. Interface’s dividend payout ratio is 17.45%.

Several institutional investors have recently added to or reduced their stakes in TILE. Dimensional Fund Advisors LP raised its holdings in shares of Interface by 1.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,485,804 shares of the textile maker’s stock worth $35,423,000 after purchasing an additional 45,312 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Interface by 288.7% in the first quarter. BNP Paribas Arbitrage SA now owns 14,989 shares of the textile maker’s stock valued at $230,000 after buying an additional 11,133 shares during the period. SG Americas Securities LLC raised its stake in shares of Interface by 153.8% in the first quarter. SG Americas Securities LLC now owns 21,269 shares of the textile maker’s stock valued at $326,000 after buying an additional 12,888 shares during the period. Comerica Bank lifted its position in shares of Interface by 0.5% during the 1st quarter. Comerica Bank now owns 188,712 shares of the textile maker’s stock valued at $3,059,000 after buying an additional 871 shares during the last quarter. Finally, Texas Permanent School Fund lifted its position in shares of Interface by 3.6% during the 1st quarter. Texas Permanent School Fund now owns 40,368 shares of the textile maker’s stock valued at $618,000 after buying an additional 1,419 shares during the last quarter. 90.03% of the stock is owned by hedge funds and other 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; rubber flooring under the norament and noraplan brands; and luxury vinyl tile products.

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