Interface’s (TILE) “Outperform” Rating Reaffirmed at Barrington Research

Barrington Research restated their outperform rating on shares of Interface (NASDAQ:TILE) in a research note issued to investors on Friday,Benzinga reports. They currently have a $36.00 target price on the textile maker’s stock.

TILE has been the topic of several other research reports. Weiss Ratings raised Interface from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 20th. Wall Street Zen cut Interface from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 17th. Finally, Zacks Research cut Interface from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $36.00.

Interface Price Performance

Shares of NASDAQ:TILE opened at $28.20 on Friday. Interface has a 12 month low of $17.72 and a 12 month high of $35.11. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 0.87 and a beta of 1.96. The stock’s 50 day moving average price is $28.54 and its 200 day moving average price is $28.41. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.34 and a quick ratio of 1.18.

Interface (NASDAQ:TILE) last announced its earnings results on Tuesday, February 24th. The textile maker reported $0.49 EPS for the quarter, topping the consensus estimate of $0.40 by $0.09. The firm had revenue of $349.39 million for the quarter, compared to analysts’ expectations of $350.54 million. Interface had a return on equity of 19.54% and a net margin of 8.37%.The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.34 earnings per share. Equities research analysts anticipate that Interface will post 1.37 earnings per share for the current fiscal year.

Interface Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were paid a dividend of $0.03 per share. This is an increase from Interface’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Friday, March 27th. This represents a $0.12 annualized dividend and a yield of 0.4%. Interface’s dividend payout ratio (DPR) is presently 6.12%.

Insider Transactions at Interface

In other Interface news, VP James Poppens sold 8,000 shares of the business’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $28.05, for a total transaction of $224,400.00. Following the sale, the vice president directly owned 103,846 shares of the company’s stock, valued at $2,912,880.30. The trade was a 7.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have sold 25,650 shares of company stock worth $736,292. 2.47% of the stock is owned by insiders.

Institutional Trading of Interface

Large investors have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC raised its stake in Interface by 180.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 981 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 631 shares during the period. TD Private Client Wealth LLC acquired a new stake in Interface during the 3rd quarter valued at $32,000. Blue Trust Inc. acquired a new stake in Interface during the 3rd quarter valued at $34,000. Larson Financial Group LLC raised its stake in Interface by 114.6% during the 3rd quarter. Larson Financial Group LLC now owns 1,176 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 628 shares during the period. Finally, EverSource Wealth Advisors LLC acquired a new stake in Interface during the 2nd quarter valued at $35,000. 98.34% of the stock is owned by institutional investors and hedge funds.

About Interface

Interface, Inc (NASDAQ: TILE) is a global manufacturer of modular flooring and resilient commercial flooring solutions. The company specializes in carpet tiles, luxury vinyl tile (LVT) and other environmentally responsible hard-surface products designed for use in corporate, education, healthcare, hospitality and retail environments. Interface’s portfolio also includes broadloom carpet, rubber flooring and acoustic underlays, all engineered to meet performance, design and sustainability requirements in modern interior spaces.

Founded in 1973 by Ray C.