Interface, Inc. (NASDAQ:TILE) has earned an average rating of “Hold” from the six analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $23.50.

Several brokerages have commented on TILE. Zacks Investment Research raised Interface from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Saturday, October 28th. Nomura raised their price objective on 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 price objective on shares of Interface in a research report on Thursday, October 26th.

Shares of Interface (TILE) traded down $0.30 during mid-day trading on Thursday, reaching $24.95. The company had a trading volume of 505,682 shares, compared to its average volume of 447,440. Interface has a 12 month low of $16.80 and a 12 month high of $25.70. The stock has a market capitalization of $1,533.39, a price-to-earnings ratio of 22.33 and a beta of 1.32. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.51 and a quick ratio of 1.40.

Interface (NASDAQ:TILE) last announced its quarterly earnings results on Wednesday, October 25th. The textile maker reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The company had revenue of $257.43 million during the quarter, compared to analyst estimates of $255.63 million. Interface had a return on equity of 21.39% and a net margin of 5.53%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 earnings per share. research analysts predict that Interface will post 1.15 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Friday, November 10th were given a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Thursday, November 9th. Interface’s dividend payout ratio is currently 30.59%.

In other news, VP Stansfield Nigel sold 8,450 shares of Interface stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $19.26, for a total value of $162,747.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel T. Hendrix sold 6,000 shares of Interface stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $19.95, for a total value of $119,700.00. The disclosure for this sale can be found here. Insiders have sold 92,450 shares of company stock valued at $2,018,267 in the last three months. Insiders own 1.90% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of TILE. Zions Bancorporation purchased a new position in shares of Interface in the 3rd quarter worth about $118,000. KBC Group NV purchased a new position in shares of Interface in the 2nd quarter worth about $133,000. Victory Capital Management Inc. raised its position in shares of 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 during the last quarter. Verition Fund Management LLC purchased a new position in shares of Interface in the 2nd quarter worth about $224,000. Finally, State of Alaska Department of Revenue raised its position in shares of Interface by 77.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 12,587 shares of the textile maker’s stock worth $247,000 after purchasing an additional 5,497 shares during the last quarter. 93.13% of the stock is owned by hedge funds and other institutional investors.

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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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