Interface, Inc. (TILE) Receives Consensus Rating of “Hold” from Brokerages
Interface, Inc. (NASDAQ:TILE) has earned an average rating of “Hold” from the six ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $19.00.
TILE has been the topic of a number of recent research reports. ValuEngine raised shares of Interface from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. BidaskClub raised shares of Interface from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $19.00 target price on shares of Interface in a research report on Friday, July 28th.
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Interface (NASDAQ TILE) traded up 0.23% on Wednesday, hitting $21.95. 179,622 shares of the company’s stock were exchanged. Interface has a 52-week low of $14.59 and a 52-week high of $22.60. The firm has a 50 day moving average price of $20.47 and a 200-day moving average price of $19.66. The stock has a market cap of $1.35 billion, a P/E ratio of 28.14 and a beta of 1.24.
Interface (NASDAQ:TILE) last released its earnings results on Wednesday, July 26th. The textile maker reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.02. The firm had revenue of $251.70 million for the quarter, compared to the consensus estimate of $254.94 million. Interface had a net margin of 5.21% and a return on equity of 19.66%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 EPS. Analysts predict that Interface will post $1.14 earnings per share for the current fiscal year.
In related news, Director Daniel T. Hendrix sold 9,700 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $22.05, for a total value of $213,885.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Christopher G. Kennedy sold 29,500 shares of the company’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $21.92, for a total transaction of $646,640.00. The disclosure for this sale can be found here. Insiders sold a total of 71,450 shares of company stock worth $1,496,237 over the last ninety days. Insiders own 1.90% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. bought a new position in Interface in the 1st quarter worth about $106,000. Victory Capital Management Inc. boosted its stake in Interface by 38.3% in the 1st quarter. Victory Capital Management Inc. now owns 6,671 shares of the textile maker’s stock worth $127,000 after purchasing an additional 1,849 shares in the last quarter. KBC Group NV bought a new position in Interface in the 2nd quarter worth about $133,000. Trust Co. of Vermont boosted its stake in Interface by 34.6% in the 2nd quarter. Trust Co. of Vermont now owns 11,345 shares of the textile maker’s stock worth $223,000 after purchasing an additional 2,915 shares in the last quarter. Finally, Verition Fund Management LLC bought a new position in Interface in the 2nd quarter worth about $224,000. Institutional investors own 93.21% of the company’s stock.
Interface Company Profile
Interface Inc is engaged in design, production and sale of modular carpet, also known as carpet tile. As of January 1, 2017, the Company marketed its modular carpets in over 110 countries under the brand names Interface and FLOR. The Company operates through three segments: Americas, Europe and Asia-Pacific.
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