Interface (TILE) Rating Increased to Buy at ValuEngine
Interface (NASDAQ:TILE) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.
A number of other research firms also recently commented on TILE. BidaskClub raised shares of Interface from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Investment Research downgraded shares of Interface from a “buy” rating to a “sell” rating in a research report on Wednesday, December 27th. Nomura raised their target price on shares of Interface from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $23.00 target price on shares of Interface in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $25.67.
Interface (NASDAQ TILE) opened at $25.15 on Friday. The company has a current ratio of 2.51, a quick ratio of 1.40 and a debt-to-equity ratio of 0.66. The company has a market cap of $1,515.31, a PE ratio of 29.59 and a beta of 1.35. Interface has a 12-month low of $17.17 and a 12-month high of $25.70.
In other news, Director Daniel T. Hendrix sold 6,000 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $21.79, for a total value of $130,740.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Daniel T. Hendrix sold 27,000 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $22.95, for a total transaction of $619,650.00. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. Zions Bancorporation acquired a new stake in Interface in the 3rd quarter worth approximately $118,000. KBC Group NV acquired a new stake in Interface in the 2nd quarter worth approximately $133,000. Victory Capital Management Inc. boosted its stake in Interface by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 7,846 shares of the textile maker’s stock worth $154,000 after purchasing an additional 1,175 shares in the last quarter. Verition Fund Management LLC acquired a new stake in Interface in the 2nd quarter worth approximately $224,000. Finally, SG Americas Securities LLC acquired a new stake in Interface in the 3rd quarter worth approximately $247,000. Institutional investors and hedge funds own 92.28% of the company’s stock.
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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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