ValuEngine downgraded shares of Interface (NASDAQ:TILE) from a hold rating to a sell rating in a research note published on Friday morning.

TILE has been the topic of a number of other research reports. BidaskClub raised Interface from a hold rating to a buy rating in a research note on Saturday, July 7th. Longbow Research raised Interface from a neutral rating to a buy rating and set a $30.00 price objective 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 objective on the stock in a research note on Friday, August 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Interface presently has a consensus rating of Buy and a consensus target price of $26.75.

Interface stock traded down $0.64 on Friday, reaching $19.55. The company’s stock had a trading volume of 484,581 shares, compared to its average volume of 378,985. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.46 and a current ratio of 2.57. The firm has a market cap of $1.39 billion, a P/E ratio of 16.57 and a beta of 1.12. Interface has a twelve month low of $19.50 and a twelve month high of $26.25.

Interface (NASDAQ:TILE) last posted its quarterly earnings data on Wednesday, July 25th. The textile maker reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. The company had revenue of $283.60 million for the quarter, compared to analyst estimates of $274.94 million. Interface had a return on equity of 23.63% and a net margin of 5.67%. The business’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 earnings per share. On average, equities research analysts predict that Interface will post 1.47 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in TILE. BlackRock Inc. raised 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 acquiring an additional 810,681 shares during the last quarter. Citigroup Inc. increased its holdings in Interface by 134.4% in the first quarter. Citigroup Inc. now owns 29,520 shares of the textile maker’s stock valued at $744,000 after purchasing an additional 16,926 shares during the last quarter. Hsbc Holdings PLC bought a new stake in Interface in the first quarter valued at about $403,000. Profund Advisors LLC increased its holdings in Interface by 27.9% in the first quarter. Profund Advisors LLC now owns 11,896 shares of the textile maker’s stock valued at $300,000 after purchasing an additional 2,592 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in Interface by 6.0% in the first quarter. Nuveen Asset Management LLC now owns 147,037 shares of the textile maker’s stock valued at $3,705,000 after purchasing an additional 8,324 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.

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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