Brokerages Set Interface Inc. (TILE) PT at $17.50
Shares of Interface Inc. (NASDAQ:TILE) have received an average rating of “Hold” from the seven research firms that are presently covering the stock. Three research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $17.50.
A number of equities research analysts have commented on TILE shares. Zacks Investment Research cut shares of Interface from a “hold” rating to a “sell” rating in a research note on Tuesday, November 1st. Seaport Global Securities started coverage on shares of Interface in a research note on Friday, November 4th. They set a “buy” rating and a $18.00 target price on the stock.
In related news, CEO Daniel T. Hendrix sold 3,000 shares of the firm’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $16.40, for a total value of $49,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.40% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of TILE. First Mercantile Trust Co. raised its position in Interface by 69.5% in the third quarter. First Mercantile Trust Co. now owns 7,886 shares of the company’s stock worth $132,000 after buying an additional 3,234 shares during the period. PineBridge Investments L.P. raised its position in Interface by 3.2% in the second quarter. PineBridge Investments L.P. now owns 8,303 shares of the company’s stock worth $127,000 after buying an additional 254 shares during the period. Teacher Retirement System of Texas raised its position in Interface by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 9,239 shares of the company’s stock worth $141,000 after buying an additional 1,118 shares during the period. BlackRock Inc. raised its position in Interface by 116.0% in the third quarter. BlackRock Inc. now owns 9,761 shares of the company’s stock worth $163,000 after buying an additional 5,243 shares during the period. Finally, Profund Advisors LLC acquired a new position in Interface during the third quarter worth $168,000. 92.04% of the stock is owned by hedge funds and other institutional investors.
Shares of Interface (NASDAQ:TILE) opened at 17.65 on Monday. The stock has a 50 day moving average of $16.43 and a 200-day moving average of $16.61. Interface has a one year low of $13.70 and a one year high of $20.92. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 17.05 and a beta of 1.28.
Interface (NASDAQ:TILE) last released its earnings results on Wednesday, October 26th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by $0.07. Interface had a return on equity of 18.80% and a net margin of 7.01%. The firm had revenue of $248.30 million for the quarter, compared to the consensus estimate of $251.55 million. During the same quarter in the previous year, the business posted $0.31 EPS. Interface’s revenue was down 2.5% on a year-over-year basis. On average, equities analysts expect that Interface will post $1.01 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 25th. Shareholders of record on Friday, November 11th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Tuesday, November 8th. Interface’s dividend payout ratio (DPR) is currently 22.86%.
Interface Company Profile
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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