Interface (TILE) Stock Rating Lowered by BidaskClub

BidaskClub cut shares of Interface (NASDAQ:TILE) from a sell rating to a strong sell rating in a research note published on Friday.

Several other equities analysts have also issued reports on the company. ValuEngine lowered Interface from a sell rating to a strong sell rating in a research note on Monday, October 29th. Macquarie set a $20.00 price target on Interface and gave the company a hold rating in a research note on Friday, October 26th. TheStreet lowered Interface from a b rating to a c+ rating in a research note on Wednesday, October 24th. Longbow Research raised Interface from a neutral rating to a buy rating and set a $30.00 price target on the stock in a research note on Tuesday, August 14th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Interface from a hold rating to a strong-buy rating and set a $26.00 price target on the stock in a research note on Friday, August 10th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Interface currently has a consensus rating of Hold and a consensus target price of $25.33.

Shares of Interface stock traded down $0.22 during midday trading on Friday, reaching $15.11. The company had a trading volume of 485,237 shares, compared to its average volume of 378,527. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.52 and a quick ratio of 1.35. The firm has a market cap of $912.44 million, a P/E ratio of 12.81 and a beta of 1.49. Interface has a fifty-two week low of $14.91 and a fifty-two week high of $26.25.

Interface (NASDAQ:TILE) last issued its quarterly earnings results on Wednesday, October 24th. The textile maker reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.01. Interface had a return on equity of 24.69% and a net margin of 4.35%. The firm had revenue of $318.33 million for the quarter, compared to analyst estimates of $316.38 million. During the same period in the previous year, the firm earned $0.32 earnings per share. Equities analysts anticipate that Interface will post 1.48 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 23rd. Shareholders of record on Friday, November 9th were paid a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Thursday, November 8th. Interface’s dividend payout ratio (DPR) is presently 22.03%.

A number of institutional investors and hedge funds have recently modified their holdings of TILE. NumerixS Investment Technologies Inc lifted its stake in Interface by 122.6% in the second quarter. NumerixS Investment Technologies Inc now owns 6,900 shares of the textile maker’s stock valued at $158,000 after buying 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 approximately $170,000. Oppenheimer & Co. Inc. acquired a new position in shares of Interface during the third quarter worth approximately $236,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Interface during the second quarter worth approximately $289,000. Finally, GAM Holding AG acquired a new position in shares of Interface during the second quarter worth approximately $340,000. 92.40% of the stock is currently owned by hedge funds and other institutional investors.

About Interface

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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