Barrington Research Boosts Interface (NASDAQ:TILE) Price Target to $22.00

Interface (NASDAQ:TILE) had its price target lifted by Barrington Research from $20.00 to $22.00 in a report issued on Friday, Benzinga reports. They currently have an outperform rating on the textile maker’s stock.

TILE has been the subject of several other reports. Truist Financial lifted their target price on shares of Interface from $10.00 to $14.00 and gave the company a hold rating in a report on Wednesday, February 28th. TheStreet upgraded shares of Interface from a c rating to a b- rating in a report on Tuesday, February 27th.

Interface Stock Up 9.6 %

TILE stock opened at $17.39 on Friday. Interface has a fifty-two week low of $6.51 and a fifty-two week high of $18.47. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 1.10 and a beta of 1.99. The business’s 50 day moving average price is $15.85 and its two-hundred day moving average price is $12.96. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.30 and a current ratio of 2.72.

Interface (NASDAQ:TILE) last announced its quarterly earnings data on Friday, May 3rd. The textile maker reported $0.24 EPS for the quarter, beating the consensus estimate of $0.12 by $0.12. The business had revenue of $289.70 million during the quarter, compared to analyst estimates of $284.76 million. Interface had a return on equity of 16.94% and a net margin of 4.73%. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 earnings per share. As a group, analysts forecast that Interface will post 1.05 earnings per share for the current fiscal year.

Interface Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend was Wednesday, March 27th. Interface’s payout ratio is currently 3.96%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Interface by 0.9% in the third quarter. Vanguard Group Inc. now owns 5,210,853 shares of the textile maker’s stock worth $51,118,000 after buying an additional 48,805 shares in the last quarter. Pzena Investment Management LLC raised its holdings in shares of Interface by 65.2% during the 3rd quarter. Pzena Investment Management LLC now owns 3,614,372 shares of the textile maker’s stock worth $35,457,000 after acquiring an additional 1,426,749 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Interface by 0.5% during the 4th quarter. Wellington Management Group LLP now owns 2,508,961 shares of the textile maker’s stock valued at $31,663,000 after acquiring an additional 12,847 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Interface by 112.4% in the fourth quarter. Pacer Advisors Inc. now owns 2,432,561 shares of the textile maker’s stock valued at $30,699,000 after purchasing an additional 1,287,420 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Interface by 7.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,275,194 shares of the textile maker’s stock worth $28,714,000 after purchasing an additional 165,536 shares during the last quarter. Institutional investors own 98.34% of the company’s stock.

Interface Company Profile

Interface, Inc designs, produces, and sells modular carpet products primarily worldwide. The company operates in two segments, Americas (AMS), and Europe, Africa, Asia and Australia (EAAA). The company offers modular carpets under the Interface and FLOR brand names; luxury vinyl tiles; carpet tiles under the CQuestGB name for use in commercial interiors, include offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; and modular resilient flooring products.