Interface (NASDAQ:TILE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Interface (NASDAQ:TILE) from a buy rating to a strong-buy rating in a research note published on Saturday morning.

A number of other research analysts have also recently issued reports on TILE. Zacks Research cut shares of Interface from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Barrington Research lifted their price target on Interface from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings lowered Interface from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, December 24th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Interface presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.00.

Interface Price Performance

Shares of TILE opened at $31.50 on Friday. The business’s fifty day moving average is $30.82 and its 200 day moving average is $28.53. Interface has a 12-month low of $17.24 and a 12-month high of $35.11. The company has a quick ratio of 1.70, a current ratio of 2.89 and a debt-to-equity ratio of 0.49. The stock has a market cap of $1.84 billion, a P/E ratio of 16.41, a P/E/G ratio of 1.09 and a beta of 1.90.

Hedge Funds Weigh In On Interface

Several hedge funds have recently modified their holdings of TILE. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Interface by 133.9% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,008,260 shares of the textile maker’s stock valued at $56,071,000 after acquiring an additional 1,149,733 shares in the last quarter. XTX Topco Ltd purchased a new position in Interface in the fourth quarter worth $471,000. Zacks Investment Management grew its stake in Interface by 40.2% in the 4th quarter. Zacks Investment Management now owns 53,739 shares of the textile maker’s stock valued at $1,500,000 after purchasing an additional 15,401 shares during the period. Tudor Investment Corp ET AL purchased a new stake in shares of Interface during the 4th quarter valued at $209,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Interface during the 4th quarter worth $224,000. Institutional investors own 98.34% of the company’s stock.

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.