Interface (NASDAQ:TILE) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Saturday.

A number of other equities analysts also recently issued reports on the stock. Nomura increased their price objective on shares of Interface from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Stifel Nicolaus reiterated a “hold” rating and set a $23.00 price objective on shares of Interface in a research note on Thursday, October 26th. Finally, Zacks Investment Research upgraded shares of Interface from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Saturday, October 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $25.67.

Interface (NASDAQ:TILE) traded up $0.60 during midday trading on Friday, hitting $25.15. 470,422 shares of the stock were exchanged, compared to its average volume of 438,672. The company has a current ratio of 2.51, a quick ratio of 1.40 and a debt-to-equity ratio of 0.66. Interface has a 1 year low of $17.17 and a 1 year high of $25.70. The company has a market capitalization of $1,479.16, a P/E ratio of 29.59 and a beta of 1.35.

Interface (NASDAQ:TILE) last released its quarterly earnings data on Wednesday, October 25th. The textile maker reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.02. Interface had a net margin of 5.53% and a return on equity of 21.39%. The firm had revenue of $257.43 million for the quarter, compared to the consensus estimate of $255.63 million. During the same period last year, the firm earned $0.25 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. equities research analysts expect that Interface will post 1.15 earnings per share for the current year.

In related news, Director Daniel T. Hendrix sold 27,000 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $22.95, for a total transaction of $619,650.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel T. Hendrix sold 6,000 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $21.79, for a total transaction of $130,740.00. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Federated Investors Inc. PA lifted its position in Interface by 1.2% during the second quarter. Federated Investors Inc. PA now owns 50,004 shares of the textile maker’s stock valued at $983,000 after acquiring an additional 600 shares during the last quarter. Victory Capital Management Inc. lifted its position in Interface by 17.6% during the second quarter. Victory Capital Management Inc. now owns 7,846 shares of the textile maker’s stock valued at $154,000 after acquiring an additional 1,175 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position in Interface by 9.3% during the second quarter. UBS Asset Management Americas Inc. now owns 22,185 shares of the textile maker’s stock valued at $436,000 after acquiring an additional 1,880 shares during the last quarter. Rhumbline Advisers lifted its position in Interface by 1.7% during the third quarter. Rhumbline Advisers now owns 143,899 shares of the textile maker’s stock valued at $3,151,000 after acquiring an additional 2,455 shares during the last quarter. Finally, American International Group Inc. lifted its position in Interface by 5.4% during the third quarter. American International Group Inc. now owns 49,216 shares of the textile maker’s stock valued at $1,078,000 after acquiring an additional 2,525 shares during the last quarter. 92.28% of the stock is owned by institutional investors.

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About Interface

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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