Interface (NASDAQ:TILE) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Thursday, May 3rd.
Other research analysts have also issued research reports about the company. BidaskClub upgraded Interface from a “hold” rating to a “buy” rating in a research report on Tuesday, March 27th. Zacks Investment Research upgraded Interface from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $25.67.
Interface stock traded down $0.10 during trading on Thursday, reaching $22.70. The company had a trading volume of 200,900 shares, compared to its average volume of 402,212. Interface has a 52 week low of $18.30 and a 52 week high of $26.25. The stock has a market cap of $1.36 billion, a P/E ratio of 19.24 and a beta of 1.24. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.44 and a current ratio of 2.60.
Interface (NASDAQ:TILE) last posted its quarterly earnings results on Wednesday, April 25th. The textile maker reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02. The business had revenue of $241.00 million for the quarter, compared to analysts’ expectations of $234.96 million. Interface had a return on equity of 22.51% and a net margin of 5.88%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the firm earned $0.21 earnings per share. analysts predict that Interface will post 1.43 EPS for the current year.
Several institutional investors have recently bought and sold shares of TILE. Millennium Management LLC raised its stake in Interface by 611.0% in the fourth quarter. Millennium Management LLC now owns 960,638 shares of the textile maker’s stock worth $24,160,000 after buying an additional 825,536 shares in the last quarter. BlackRock Inc. increased its position in shares of Interface by 10.4% during the first quarter. BlackRock Inc. now owns 8,617,068 shares of the textile maker’s stock worth $217,152,000 after purchasing an additional 810,681 shares in the last quarter. Deutsche Bank AG increased its position in shares of Interface by 79.7% during the fourth quarter. Deutsche Bank AG now owns 551,855 shares of the textile maker’s stock worth $13,877,000 after purchasing an additional 244,707 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Interface during the fourth quarter worth $5,141,000. Finally, WINTON GROUP Ltd increased its position in shares of Interface by 173.0% during the fourth quarter. WINTON GROUP Ltd now owns 297,626 shares of the textile maker’s stock worth $7,485,000 after purchasing an additional 188,620 shares in the last quarter. 95.50% 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; and luxury vinyl tile products.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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