Barrington Research Forecasts Strong Price Appreciation for Interface (NASDAQ:TILE) Stock

Interface (NASDAQ:TILE) had its price target hoisted by research analysts at Barrington Research from $32.00 to $36.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the textile maker’s stock. Barrington Research’s price objective suggests a potential upside of 13.07% from the stock’s current price.

A number of other equities analysts have also weighed in on the company. Weiss Ratings lowered Interface from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, December 24th. Zacks Research downgraded shares of Interface from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Finally, Wall Street Zen cut shares of Interface from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 16th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $36.00.

Interface Price Performance

Shares of NASDAQ TILE opened at $31.84 on Friday. The firm has a market capitalization of $1.86 billion, a P/E ratio of 16.58, a P/E/G ratio of 1.04 and a beta of 1.90. The firm’s 50-day moving average price is $28.38 and its 200-day moving average price is $26.78. The company has a current ratio of 2.89, a quick ratio of 1.70 and a debt-to-equity ratio of 0.49. Interface has a 1-year low of $17.24 and a 1-year high of $32.15.

Interface (NASDAQ:TILE) last issued its earnings results on Friday, October 31st. The textile maker reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.15. Interface had a return on equity of 19.30% and a net margin of 8.27%.The business had revenue of $364.53 million during the quarter, compared to analyst estimates of $358.19 million. During the same period in the previous year, the company posted $0.48 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. Equities research analysts anticipate that Interface will post 1.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. CWM LLC grew its position in Interface by 15.1% in the 3rd quarter. CWM LLC now owns 2,857 shares of the textile maker’s stock worth $83,000 after purchasing an additional 375 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Interface by 2.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,953 shares of the textile maker’s stock worth $722,000 after buying an additional 495 shares during the last quarter. Atria Investments Inc grew its holdings in shares of Interface by 4.8% in the second quarter. Atria Investments Inc now owns 12,990 shares of the textile maker’s stock valued at $272,000 after acquiring an additional 590 shares in the last quarter. AlphaQuest LLC grew its holdings in shares of Interface by 5.1% in the third quarter. AlphaQuest LLC now owns 12,368 shares of the textile maker’s stock valued at $358,000 after acquiring an additional 601 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Interface by 2.2% during the second quarter. The Manufacturers Life Insurance Company now owns 29,361 shares of the textile maker’s stock valued at $615,000 after acquiring an additional 618 shares during the last quarter. 98.34% of the stock is owned by institutional investors.

Interface Company Profile

Interface, Inc (NASDAQ: TILE) is a global manufacturer of modular flooring and resilient commercial flooring solutions. The company specializes in carpet tiles, luxury vinyl tile (LVT) and other environmentally responsible hard-surface products designed for use in corporate, education, healthcare, hospitality and retail environments. Interface’s portfolio also includes broadloom carpet, rubber flooring and acoustic underlays, all engineered to meet performance, design and sustainability requirements in modern interior spaces.

Founded in 1973 by Ray C.