Interface (TILE) Upgraded to “Buy” by BidaskClub

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BidaskClub upgraded shares of Interface (NASDAQ:TILE) from a hold rating to a buy rating in a research report report published on Wednesday morning.

Several other research analysts also recently weighed in on the stock. Nomura dropped their target price on shares of Interface from $26.00 to $24.00 and set a buy rating on the stock in a research report on Monday, January 7th. ValuEngine downgraded shares of Interface from a sell rating to a strong sell rating in a research report on Monday, October 29th. Macquarie set a $20.00 target price on shares of Interface and gave the stock a hold rating in a research report on Friday, October 26th. Finally, TheStreet downgraded shares of Interface from a b rating to a c+ rating in a research report on Wednesday, October 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $25.00.

NASDAQ TILE opened at $18.34 on Wednesday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.35 and a current ratio of 2.52. Interface has a 12 month low of $13.45 and a 12 month high of $26.25. The company has a market capitalization of $1.04 billion, a P/E ratio of 15.54 and a beta of 1.50.

Interface (NASDAQ:TILE) last released its earnings results on Tuesday, February 19th. The textile maker reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. The business had revenue of $337.06 million for the quarter, compared to the consensus estimate of $344.65 million. Interface had a net margin of 4.35% and a return on equity of 24.69%. The firm’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same period last year, the firm posted $0.32 earnings per share. On average, research analysts expect that Interface will post 1.48 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 8th will be paid a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, March 7th. Interface’s payout ratio is 22.03%.

Several institutional investors have recently modified their holdings of TILE. Hsbc Holdings PLC acquired a new stake in shares of Interface in the fourth quarter worth $164,000. Squarepoint Ops LLC bought a new stake in Interface in the 4th quarter valued at $191,000. Oppenheimer & Co. Inc. bought a new stake in Interface in the 3rd quarter valued at $236,000. First Mercantile Trust Co. increased its holdings in Interface by 88.6% in the 4th quarter. First Mercantile Trust Co. now owns 16,687 shares of the textile maker’s stock valued at $238,000 after buying an additional 7,839 shares during the period. Finally, Xact Kapitalforvaltning AB increased its holdings in Interface by 32.4% in the 4th quarter. Xact Kapitalforvaltning AB now owns 17,967 shares of the textile maker’s stock valued at $256,000 after buying an additional 4,400 shares during the period. Institutional investors and hedge funds own 92.43% of the company’s stock.

About Interface

Interface, Inc, a modular flooring company, designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific. The company offers modular carpets under the Interface and FLOR names; carpet tiles under the GlasBacRE name for use in commercial interiors, including offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; modular resilient flooring products; and luxury vinyl tile products.

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