Interface Inc. (TILE) Receives $21.00 Average Target Price from Analysts
Shares of Interface Inc. (NASDAQ:TILE) have received a consensus recommendation of “Hold” from the seven analysts that are presently covering the company. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $21.00.
Several equities analysts have recently issued reports on TILE shares. Zacks Investment Research lowered Interface from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 29th. TheStreet upgraded Interface from a “hold” rating to a “buy” rating in a report on Monday, June 20th. Finally, Raymond James Financial Inc. downgraded Interface from a “market perform” rating to an “underperform” rating in a report on Friday, June 24th.
In other Interface news, CEO Daniel T. Hendrix sold 3,000 shares of the stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $17.83, for a total value of $53,490.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Patrick C. Lynch sold 4,500 shares of the stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $18.00, for a total value of $81,000.00. The disclosure for this sale can be found here. 2.40% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in TILE. Westwood Holdings Group Inc. acquired a new stake in shares of Interface during the second quarter valued at about $31,942,000. Cambiar Investors LLC acquired a new stake in shares of Interface during the second quarter valued at about $25,405,000. SG Capital Management LLC acquired a new stake in shares of Interface during the second quarter valued at about $18,535,000. Emerald Acquisition Ltd. acquired a new stake in shares of Interface during the second quarter valued at about $16,868,000. Finally, Citadel Advisors LLC increased its stake in shares of Interface by 1,398.6% in the second quarter. Citadel Advisors LLC now owns 870,978 shares of the company’s stock valued at $13,282,000 after buying an additional 812,859 shares during the period. Institutional investors own 94.00% of the company’s stock.
Interface (NASDAQ:TILE) opened at 16.70 on Monday. Interface has a 52 week low of $13.70 and a 52 week high of $24.44. The company has a 50-day moving average price of $16.98 and a 200-day moving average price of $16.91. The stock has a market cap of $1.08 billion, a PE ratio of 15.25 and a beta of 1.21.
Interface (NASDAQ:TILE) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.03. Interface had a return on equity of 20.70% and a net margin of 7.40%. The business had revenue of $248.20 million for the quarter, compared to analyst estimates of $256.99 million. During the same quarter in the prior year, the firm posted $0.33 earnings per share. The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. Analysts anticipate that Interface will post $1.15 earnings per share for the current year.
Interface Inc is engaged in design, production and sales of modular carpet, also known as carpet tile across the world. The Company markets its modular carpets in over 110 countries under the brand names Interface and FLOR. The Company distributes its product through approximately two primary channels, including direct sales to end users and indirect sales through independent contractors or distributors.
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