Interface (NASDAQ:TILE) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

A number of other analysts have also recently issued reports on TILE. Zacks Investment Research cut Interface from a “buy” rating to a “hold” rating in a research report on Thursday, June 28th. BidaskClub raised Interface from a “hold” rating to a “buy” rating in a research report on Saturday, July 7th. Finally, Longbow Research raised Interface from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Tuesday, August 14th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $26.75.

Shares of NASDAQ TILE opened at $19.55 on Friday. The stock has a market capitalization of $1.39 billion, a P/E ratio of 16.57 and a beta of 1.12. The company has a quick ratio of 1.46, a current ratio of 2.57 and a debt-to-equity ratio of 0.67. Interface has a 52-week low of $19.50 and a 52-week high of $26.25.

Interface (NASDAQ:TILE) last announced its earnings results on Wednesday, July 25th. The textile maker reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. The firm had revenue of $283.60 million during the quarter, compared to analysts’ expectations of $274.94 million. Interface had a return on equity of 23.63% and a net margin of 5.67%. The business’s revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 EPS. As a group, research analysts forecast that Interface will post 1.47 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of TILE. BlackRock Inc. lifted its position in Interface by 10.4% during the 1st quarter. BlackRock Inc. now owns 8,617,068 shares of the textile maker’s stock worth $217,152,000 after acquiring an additional 810,681 shares during the period. Citadel Advisors LLC lifted its position in Interface by 323.5% during the 2nd quarter. Citadel Advisors LLC now owns 289,512 shares of the textile maker’s stock worth $6,645,000 after acquiring an additional 221,144 shares during the period. Federated Investors Inc. PA lifted its position in Interface by 667.2% during the 2nd quarter. Federated Investors Inc. PA now owns 208,585 shares of the textile maker’s stock worth $4,787,000 after acquiring an additional 181,397 shares during the period. Renaissance Technologies LLC lifted its position in Interface by 76.1% during the 2nd quarter. Renaissance Technologies LLC now owns 326,300 shares of the textile maker’s stock worth $7,489,000 after acquiring an additional 140,960 shares during the period. Finally, TD Asset Management Inc. acquired a new stake in Interface during the 2nd quarter worth approximately $3,222,000. 90.82% of the stock is owned by institutional investors.

Interface Company Profile

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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