Interface (TILE) Lowered to “Strong Sell” at ValuEngine

ValuEngine downgraded shares of Interface (NASDAQ:TILE) from a sell rating to a strong sell rating in a research report report published on Monday morning.

TILE has been the topic of a number of other research reports. Macquarie set a $20.00 price target on shares of Interface and gave the stock a hold rating in a report on Friday, October 26th. TheStreet lowered shares of Interface from a b rating to a c+ rating in a report on Wednesday, October 24th. BidaskClub lowered shares of Interface from a buy rating to a hold rating in a report on Saturday, July 21st. Longbow Research upgraded shares of Interface from a neutral rating to a buy rating and set a $30.00 price target on the stock in a report on Tuesday, August 14th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of Interface from a hold rating to a strong-buy rating and set a $26.00 price target on the stock in a report on Friday, August 10th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $25.33.

Shares of NASDAQ TILE traded up $0.24 during midday trading on Monday, reaching $16.96. 14,593 shares of the company were exchanged, compared to its average volume of 427,642. The stock has a market cap of $975.11 million, a PE ratio of 14.42 and a beta of 1.12. Interface has a one year low of $15.79 and a one year high of $26.25. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.37 and a current ratio of 2.57.

Interface (NASDAQ:TILE) last posted its earnings results on Wednesday, October 24th. The textile maker reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The firm had revenue of $318.33 million for the quarter, compared to analysts’ expectations of $316.38 million. Interface had a net margin of 4.35% and a return on equity of 24.69%. During the same quarter in the previous year, the firm posted $0.32 earnings per share. As a group, sell-side analysts predict that Interface will post 1.48 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 23rd. Stockholders of record on Friday, November 9th will be issued a dividend of $0.065 per share. The ex-dividend date is Thursday, November 8th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.53%. Interface’s dividend payout ratio (DPR) is presently 22.03%.

Large investors have recently modified their holdings of the company. NumerixS Investment Technologies Inc lifted its holdings in shares of Interface by 122.6% during the second quarter. NumerixS Investment Technologies Inc now owns 6,900 shares of the textile maker’s stock worth $158,000 after purchasing an additional 3,800 shares during the period. Itau Unibanco Holding S.A. acquired a new position in shares of Interface during the second quarter worth $170,000. Oppenheimer & Co. Inc. acquired a new position in shares of Interface during the third quarter worth $236,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Interface in the second quarter valued at $289,000. Finally, GAM Holding AG acquired a new position in Interface in the second quarter valued at $340,000. Institutional investors own 92.02% of the company’s stock.

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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