Interface (TILE) Upgraded to Sell at ValuEngine

ValuEngine upgraded shares of Interface (NASDAQ:TILE) from a strong sell rating to a sell rating in a report released on Wednesday morning, ValuEngine reports.

A number of other analysts have also commented on the company. BidaskClub raised Interface from a sell rating to a hold rating in a research note on Wednesday, May 8th. Zacks Investment Research lowered Interface from a hold rating to a sell rating in a research note on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $25.00.

TILE opened at $16.22 on Wednesday. The company has a current ratio of 2.43, a quick ratio of 1.20 and a debt-to-equity ratio of 2.03. The firm has a market cap of $990.39 million, a P/E ratio of 10.89 and a beta of 1.56. Interface has a 52 week low of $13.45 and a 52 week high of $24.55.

Interface (NASDAQ:TILE) last posted its quarterly earnings data on Wednesday, April 24th. The textile maker reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $298.00 million for the quarter, compared to analyst estimates of $300.16 million. Interface had a return on equity of 23.53% and a net margin of 3.41%. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.25 earnings per share. Equities analysts predict that Interface will post 1.6 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Thursday, May 9th. Interface’s payout ratio is 17.45%.

A number of large investors have recently modified their holdings of the business. BlackRock Inc. boosted its stake in Interface by 1.5% in the 1st quarter. BlackRock Inc. now owns 9,079,587 shares of the textile maker’s stock worth $139,100,000 after buying an additional 132,115 shares during the last quarter. Vanguard Group Inc. boosted its stake in Interface by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 5,981,953 shares of the textile maker’s stock worth $139,679,000 after buying an additional 115,036 shares during the last quarter. Frontier Capital Management Co. LLC boosted its stake in Interface by 24.2% in the 1st quarter. Frontier Capital Management Co. LLC now owns 4,555,383 shares of the textile maker’s stock worth $69,788,000 after buying an additional 887,883 shares during the last quarter. FMR LLC boosted its stake in Interface by 15.8% in the 4th quarter. FMR LLC now owns 2,788,403 shares of the textile maker’s stock worth $39,735,000 after buying an additional 379,771 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Interface by 6.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,658,390 shares of the textile maker’s stock worth $40,727,000 after buying an additional 172,586 shares during the last quarter. 97.30% of the stock is currently owned by hedge funds and other institutional investors.

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; rubber flooring under the norament and noraplan brands; and luxury vinyl tile products.

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