Interface (NASDAQ:TILE) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

TILE has been the topic of a number of other reports. Nomura lifted their price objective on shares of Interface from $24.00 to $28.00 and gave the company a “buy” rating in a report on Friday, October 27th. Stifel Nicolaus reiterated a “hold” rating and issued a $23.00 price objective on shares of Interface in a report on Thursday, October 26th. Finally, Zacks Investment Research upgraded shares of Interface from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Saturday, October 28th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $23.50.

Shares of Interface (NASDAQ TILE) opened at $24.15 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.40 and a current ratio of 2.51. The company has a market cap of $1,467.11, a P/E ratio of 21.36 and a beta of 1.35. Interface has a fifty-two week low of $17.17 and a fifty-two week high of $25.70.

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

In other news, Director Daniel T. Hendrix sold 5,000 shares of Interface stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $21.45, for a total value of $107,250.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Christopher G. Kennedy sold 29,500 shares of the firm’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $21.92, for a total transaction of $646,640.00. The disclosure for this sale can be found here. Insiders sold 84,000 shares of company stock worth $1,855,520 over the last quarter. 1.90% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the stock. Westwood Holdings Group Inc. grew its stake in shares of Interface by 5.3% in the second quarter. Westwood Holdings Group Inc. now owns 3,120,601 shares of the textile maker’s stock valued at $61,256,000 after buying an additional 157,800 shares in the last quarter. Frontier Capital Management Co. LLC grew its stake in shares of Interface by 0.7% in the third quarter. Frontier Capital Management Co. LLC now owns 2,803,740 shares of the textile maker’s stock valued at $61,402,000 after buying an additional 20,239 shares in the last quarter. FMR LLC grew its stake in shares of Interface by 14.8% in the second quarter. FMR LLC now owns 2,452,630 shares of the textile maker’s stock valued at $48,194,000 after buying an additional 315,606 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Interface by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,447,960 shares of the textile maker’s stock valued at $48,102,000 after buying an additional 7,975 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Interface by 1.5% in the third quarter. Bank of New York Mellon Corp now owns 2,143,358 shares of the textile maker’s stock valued at $46,939,000 after buying an additional 31,189 shares in the last quarter. 93.20% of the stock is owned by institutional investors and hedge funds.

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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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