Interface (NASDAQ:TILE) Price Target Raised to $36.00

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 brokerage currently has an “outperform” rating on the textile maker’s stock. Barrington Research’s target price indicates a potential upside of 13.07% from the stock’s current price.

TILE has been the subject of a number of other research reports. Weiss Ratings cut Interface from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, December 24th. Wall Street Zen downgraded shares of Interface from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 16th. Finally, Zacks Research cut shares of Interface from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $36.00.

Interface Stock Up 2.1%

Shares of TILE stock opened at $31.84 on Friday. The firm’s fifty day moving average price is $28.38 and its two-hundred 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. The firm has a market capitalization of $1.86 billion, a P/E ratio of 16.58, a PEG ratio of 1.04 and a beta of 1.90.

Interface (NASDAQ:TILE) last announced its quarterly earnings data on Friday, October 31st. The textile maker reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.15. Interface had a return on equity of 19.30% and a net margin of 8.27%.The company had revenue of $364.53 million during the quarter, compared to analysts’ expectations of $358.19 million. During the same quarter last year, the company earned $0.48 EPS. Interface’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, equities analysts predict that Interface will post 1.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Interface

Hedge funds have recently modified their holdings of the business. Harbor Capital Advisors Inc. lifted its holdings in Interface by 44.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 16,684 shares of the textile maker’s stock worth $466,000 after buying an additional 5,144 shares during the period. Blue Trust Inc. grew its holdings in Interface by 88.3% during the 4th quarter. Blue Trust Inc. now owns 2,199 shares of the textile maker’s stock worth $61,000 after acquiring an additional 1,031 shares during the period. Wedge Capital Management L L P NC grew its holdings in Interface by 6.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 49,465 shares of the textile maker’s stock worth $1,381,000 after acquiring an additional 2,906 shares during the period. Baker Chad R acquired a new position in shares of Interface in the 4th quarter valued at about $1,718,000. Finally, Norden Group LLC boosted its position in shares of Interface by 23.0% during the 4th quarter. Norden Group LLC now owns 9,107 shares of the textile maker’s stock valued at $254,000 after purchasing an additional 1,700 shares in the last quarter. Institutional investors and hedge funds 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.