Interface (NASDAQ:TILE) now covered by began covering stocks of Interface (NASDAQ:TILE – Get Rating) in a research report released Thursday. The brokerage set a “strong buy” rating on the textile maker’s shares.

Several other analysts have also published reports on the company. Raymond James cut his price target on Interface from $19.00 to $17.00 and set an “outperform” rating for the company in a Wednesday, March 2 report. Zacks Investment Research downgraded Interface from a “buy” rating to a “hold” rating in a Saturday, March 5 report.

NASDAQ:TILE shares opened at $13.58 on Thursday. The company has a current ratio of 2.19, a quick ratio of 1.17 and a debt ratio of 1.38. Interface has a 1-year minimum of $11.89 and a 1-year maximum of $18.03. The company has a fifty-day simple moving average of $13.45 and a 200-day simple moving average of $14.69. The company has a market capitalization of $805.06 million, a price-earnings ratio of 14.45 and a beta of 1.88.

Interface (NASDAQ:TILE – Get Rating) last reported quarterly earnings data on Tuesday, March 1. The textile maker reported earnings per share (EPS) of $0.47 for the quarter, beating Thomson Reuters consensus estimate of $0.32 by $0.15. Interface had a return on equity of 21.39% and a net margin of 4.60%. The company posted revenue of $339.60 million in the quarter, compared to analyst estimates of $324.67 million. During the same period last year, the company earned earnings per share of $0.27. Interface’s quarterly revenue increased 22.6% compared to the same quarter last year. On average, sell-side analysts expect Interface to post EPS of 1.25 for the current year.

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A number of institutional investors have recently bought and sold shares of TILE. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Interface during the third quarter worth $39,138,000. Meros Investment Management LP acquired a new position in Interface during the fourth quarter worth $7,801,000. BlackRock Inc. increased its position in Interface by 2.6% during the fourth quarter. BlackRock Inc. now owns 9,484,692 shares of the textile maker worth $151,280,000 after buying an additional 244,770 shares in the last quarter. Schroder Investment Management Group increased its position in Interface by 22.9% during the third quarter. Schroder Investment Management Group now owns 1,182,342 shares of the textile maker worth $17,912,000 after buying an additional 220,595 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Interface shares by 110.1% in the fourth quarter. American Century Companies Inc. now owns 256,666 shares of the textile maker valued at $4,094,000 after buying an additional 134,525 shares in the last quarter. 95.57% of the shares are currently held by hedge funds and other institutional investors.

Company Profile (Get a rating)

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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