Interface, Inc. (NASDAQ:TILE) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $15.21 and traded as low as $14.84. Interface shares last traded at $14.92, with a volume of 4,471 shares trading hands.
TILE has been the subject of several research reports. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. BidaskClub upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, July 6th. Finally, Zacks Investment Research cut shares of Green Plains from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 27th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Interface has an average rating of “Hold” and an average target price of $25.00.
The firm has a 50-day moving average of $15.16. The company has a current ratio of 2.43, a quick ratio of 1.20 and a debt-to-equity ratio of 2.03. The firm has a market cap of $902.85 million, a P/E ratio of 10.07 and a beta of 1.52.
Interface (NASDAQ:TILE) last issued its quarterly earnings results on Wednesday, April 24th. The textile maker reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. Interface had a net margin of 3.41% and a return on equity of 23.53%. The company had revenue of $298.00 million during the quarter, compared to analysts’ expectations of $300.16 million. During the same quarter in the previous year, the company earned $0.25 EPS. Interface’s revenue was up 23.7% on a year-over-year basis. On average, sell-side analysts anticipate that Interface, Inc. will post 1.6 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. Texas Permanent School Fund boosted its stake in Interface by 3.6% during the 1st quarter. Texas Permanent School Fund now owns 40,368 shares of the textile maker’s stock worth $618,000 after acquiring an additional 1,419 shares during the last quarter. Everence Capital Management Inc. bought a new position in Interface during the 1st quarter worth approximately $164,000. FMR LLC boosted its stake in Interface by 15.8% during the 4th quarter. FMR LLC now owns 2,788,403 shares of the textile maker’s stock worth $39,735,000 after acquiring an additional 379,771 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Interface by 3.1% during the 4th quarter. Bank of New York Mellon Corp now owns 951,422 shares of the textile maker’s stock worth $13,557,000 after acquiring an additional 28,664 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new position in Interface during the 4th quarter worth approximately $319,000. 92.38% of the stock is currently owned by institutional investors and hedge funds.
About Interface (NASDAQ:TILE)
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.
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