Interface (NASDAQ:TILE) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Other analysts have also issued reports about the company. Zacks Investment Research raised Interface from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Saturday, October 28th. Nomura lifted their price target on Interface from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $23.00 price target on shares of Interface in a research note on Thursday, October 26th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Interface currently has a consensus rating of “Hold” and a consensus target price of $23.50.

Interface (NASDAQ:TILE) traded up $0.30 during trading on Thursday, hitting $24.25. The stock had a trading volume of 2,250,000 shares, compared to its average volume of 500,747. The stock has a market capitalization of $1,480.00, a PE ratio of 21.01 and a beta of 1.34. Interface has a 1-year low of $17.17 and a 1-year high of $25.70. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.51 and a quick ratio of 1.40.

Interface (NASDAQ:TILE) last issued its quarterly earnings results on Wednesday, October 25th. The textile maker reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.02. The firm had revenue of $257.43 million for the quarter, compared to analyst estimates of $255.63 million. Interface had a return on equity of 21.39% and a net margin of 5.53%. The business’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 earnings per share. equities analysts forecast that Interface will post 1.15 EPS for the current fiscal year.

In other Interface news, Director Daniel T. Hendrix sold 9,700 shares of the business’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $22.05, for a total transaction of $213,885.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Christopher G. Kennedy sold 29,500 shares of the business’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $21.92, for a total value of $646,640.00. The disclosure for this sale can be found here. Insiders sold 78,000 shares of company stock worth $1,735,820 over the last ninety days. Corporate insiders own 1.90% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. boosted its stake in Interface by 3.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 430,386 shares of the textile maker’s stock worth $8,458,000 after buying an additional 16,228 shares during the last quarter. State Street Corp boosted its stake in Interface by 3.1% during the second quarter. State Street Corp now owns 1,580,198 shares of the textile maker’s stock worth $31,057,000 after buying an additional 46,986 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Interface by 1.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,112,169 shares of the textile maker’s stock valued at $41,504,000 after purchasing an additional 36,699 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of Interface by 19.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 89,748 shares of the textile maker’s stock valued at $1,764,000 after purchasing an additional 14,866 shares during the last quarter. Finally, OxFORD Asset Management LLP acquired a new position in shares of Interface in the 2nd quarter valued at $601,000. 93.20% of the stock is currently owned by institutional investors.

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About Interface

Interface Inc is engaged in design, production and sale of modular carpet, also known as carpet tile. As of January 1, 2017, the Company marketed its modular carpets in over 110 countries under the brand names Interface and FLOR. The Company operates through three segments: Americas, Europe and Asia-Pacific.

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