Interface (TILE) Stock Rating Lowered by BidaskClub
Interface (NASDAQ:TILE) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Monday.
A number of other equities research analysts have also commented on TILE. ValuEngine lowered shares of Interface from a “buy” rating to a “hold” rating in a report on Thursday, May 24th. Zacks Investment Research raised shares of Interface from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Saturday, April 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $25.67.
Shares of NASDAQ:TILE opened at $22.60 on Monday. Interface has a 12 month low of $18.30 and a 12 month high of $26.25. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.44 and a current ratio of 2.60. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 19.15 and a beta of 1.24.
Institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC lifted its position in Interface by 611.0% during the 4th quarter. Millennium Management LLC now owns 960,638 shares of the textile maker’s stock valued at $24,160,000 after purchasing an additional 825,536 shares during the period. Stone Ridge Asset Management LLC acquired a new position in Interface during the 4th quarter valued at about $1,205,000. Wells Fargo & Company MN lifted its position in Interface by 6.3% during the 4th quarter. Wells Fargo & Company MN now owns 804,266 shares of the textile maker’s stock valued at $20,227,000 after purchasing an additional 47,408 shares during the period. Deutsche Bank AG lifted its position in Interface by 79.7% during the 4th quarter. Deutsche Bank AG now owns 551,855 shares of the textile maker’s stock valued at $13,877,000 after purchasing an additional 244,707 shares during the period. Finally, Citadel Advisors LLC lifted its position in Interface by 114.0% during the 4th quarter. Citadel Advisors LLC now owns 78,964 shares of the textile maker’s stock valued at $1,986,000 after purchasing an additional 42,063 shares during the period. Institutional investors own 93.00% of the company’s stock.
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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