Interface, Inc. (NASDAQ:TILE) Given Average Recommendation of "Hold" by Analysts - MarketBeat

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Interface, Inc. (NASDAQ:TILE) has received a consensus recommendation of "Hold" from the ten analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $13.58.

TILE has been the topic of a number of recent research reports. Zacks Investment Research upgraded Interface from a "hold" rating to a "buy" rating and set a $7.50 target price on the stock in a report on Wednesday. BidaskClub cut Interface from a "sell" rating to a "strong sell" rating in a report on Friday, August 21st. Finally, ValuEngine cut Interface from a "sell" rating to a "strong sell" rating in a report on Monday, August 3rd.

Several institutional investors have recently made changes to their positions in TILE. Assenagon Asset Management S.A. increased its position in shares of Interface by 349.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 488,283 shares of the textile maker's stock valued at $2,988,000 after purchasing an additional 379,554 shares during the last quarter. Invesco Ltd. increased its position in shares of Interface by 12.6% during the 1st quarter. Invesco Ltd. now owns 3,148,714 shares of the textile maker's stock valued at $23,803,000 after purchasing an additional 353,113 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Interface by 1,540.6% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 285,651 shares of the textile maker's stock valued at $2,325,000 after purchasing an additional 268,240 shares during the last quarter. Bridgeway Capital Management Inc. purchased a new stake in shares of Interface during the 2nd quarter valued at $2,092,000. Finally, Matthew 25 Management Corp increased its position in shares of Interface by 420.0% during the 2nd quarter. Matthew 25 Management Corp now owns 286,000 shares of the textile maker's stock valued at $2,328,000 after purchasing an additional 231,000 shares during the last quarter. 87.73% of the stock is owned by hedge funds and other institutional investors.

Interface stock opened at $6.96 on Friday. The stock has a market capitalization of $407.49 million, a price-to-earnings ratio of -7.40 and a beta of 1.76. Interface has a 52-week low of $5.06 and a 52-week high of $17.67. The stock's 50 day moving average price is $6.93 and its two-hundred day moving average price is $7.83. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.16 and a current ratio of 2.29.

Interface (NASDAQ:TILE) last posted its quarterly earnings results on Friday, August 7th. The textile maker reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.20. Interface had a positive return on equity of 29.22% and a negative net margin of 4.44%. The firm had revenue of $259.20 million for the quarter, compared to analysts' expectations of $251.70 million. During the same period in the prior year, the business earned $0.51 EPS. The company's revenue for the quarter was down 27.5% compared to the same quarter last year. On average, equities research analysts forecast that Interface will post 1.14 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 4th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend was Thursday, September 3rd. Interface's dividend payout ratio is presently 2.52%.

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; rubber flooring under the norament and noraplan brands; and luxury vinyl tile products.