Interface (NASDAQ:TILE) hits new 1-year low at $12.18

Interface, Inc. (NASDAQ:TILE – Get Rating) hit a new 52-week low during trading on Thursday. The stock traded as low as $12.18 and last traded at $12.21, with volume at 2988 shares. The stock previously closed at $13.34.

Several research analysts have commented on TILE shares. Raymond James lowered his price target on Interface shares from $19.00 to $17.00 and set an “outperform” rating for the company in a Wednesday, March 2 report. began covering Interface shares in a report on Thursday, March 31. They established a “Strong Buy” rating for the company.

The company’s fifty-day moving average price is $13.43 and its 200-day moving average price is $13.91. The company has a current ratio of 2.37, a quick ratio of 1.08 and a debt ratio of 1.38. The company has a market capitalization of $726.77 million, a price-earnings ratio of 11.79 and a beta of 1.78.

Interface (NASDAQ:TILE – Get Rating) last released its results on Friday, May 6. The textile maker reported earnings per share (EPS) of $0.28 for the quarter, beating the consensus estimate of $0.17 by $0.11. Interface had a net margin of 4.99% and a return on equity of 22.58%. The company posted revenue of $288.00 million in the quarter, compared to analysts’ expectations of $282.97 million. In the same quarter a year earlier, the company posted EPS of $0.17. The company’s revenue for the quarter increased 13.7% year over year. On average, sell-side analysts expect Interface, Inc. to post earnings per share of 1.33 for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 17. Shareholders of record on Friday, June 3 received a dividend of $0.01. This represents an annualized dividend of $0.04 and a dividend yield of 0.33%. The ex-dividend date was Thursday, June 2. Interface’s payout ratio is 3.85%.

A number of hedge funds have recently increased or reduced their holdings in TILE. Captrust Financial Advisors raised its position in Interface by 228.8% in Q1. Captrust Financial Advisors now owns 2,604 shares of the textile maker valued at $35,000 after buying an additional 1,812 shares in the last quarter. Royal Bank of Canada increased its position in Interface by 51.2% in the third quarter. Royal Bank of Canada now owns 6,471 shares of the textile maker valued at $98,000 after buying an additional 2,190 shares in the last quarter. Advisor Group Holdings Inc. increased its position in Interface by 19.8% in the fourth quarter. Advisor Group Holdings Inc. now owns 7,584 shares of the textile maker worth $122,000 after buying 1,256 additional shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Interface in Q1 for $157,000. Finally, Zebra Capital Management LLC acquired a new stake in Interface in the 1st quarter at a value of $174,000. Hedge funds and other institutional investors own 96.30% of the company’s shares.

About the interface (NASDAQ: TILE)

Interface, Inc, a modular flooring company, designs, produces and sells modular carpet products primarily in America, Europe and Asia-Pacific. The company offers modular carpets under the Interface and FLOR brands; carpet tiles under the name GlasBacRE for use in commercial interiors, including offices, healthcare facilities, airports, educational and other facilities, hospitality and retail spaces, 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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