Stifel Nicolaus reiterated their hold rating on shares of Interface, Inc. (NASDAQ:TILE) in a report issued on Thursday, October 26th. The brokerage currently has a $23.00 price target on the textile maker’s stock.
A number of other analysts also recently issued reports on the company. ValuEngine downgraded Interface from a buy rating to a hold rating in a research report on Tuesday, August 1st. BidaskClub lowered Interface from a sell rating to a strong sell rating in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $23.50.
Shares of Interface (NASDAQ:TILE) traded up $0.20 during trading on Thursday, hitting $23.05. The company had a trading volume of 419,843 shares, compared to its average volume of 423,078. The company has a market cap of $1,406.62, a price-to-earnings ratio of 20.04 and a beta of 1.32. The company has a current ratio of 2.51, a quick ratio of 1.40 and a debt-to-equity ratio of 0.66. Interface has a 52 week low of $16.80 and a 52 week high of $23.85.
Interface (NASDAQ:TILE) last posted its earnings results on Wednesday, October 25th. The textile maker reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.02. The company 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 company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the company earned $0.25 earnings per share. analysts predict that Interface will post 1.15 earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Friday, November 10th will be issued a dividend of $0.065 per share. The ex-dividend date is Thursday, November 9th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.13%. Interface’s dividend payout ratio (DPR) is 30.59%.
In other news, Director Christopher G. Kennedy sold 29,500 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $21.92, for a total transaction of $646,640.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Daniel T. Hendrix sold 27,000 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $22.95, for a total value of $619,650.00. The disclosure for this sale can be found here. Insiders have sold a total of 98,450 shares of company stock worth $2,132,927 in the last quarter. Company insiders own 1.90% of the company’s stock.
Large investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. purchased a new stake in Interface in the 1st quarter worth $106,000. Victory Capital Management Inc. increased its stake in Interface by 38.3% in the 1st quarter. Victory Capital Management Inc. now owns 6,671 shares of the textile maker’s stock worth $127,000 after buying an additional 1,849 shares in the last quarter. KBC Group NV bought a new position in shares of Interface during the 2nd quarter valued at about $133,000. Trust Co. of Vermont boosted its holdings in shares of Interface by 34.6% during the 2nd quarter. Trust Co. of Vermont now owns 11,345 shares of the textile maker’s stock valued at $223,000 after purchasing an additional 2,915 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of Interface during the 2nd quarter valued at about $224,000. Hedge funds and other institutional investors own 92.97% of the company’s stock.
Interface Company Profile
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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