Interface (NASDAQ:TILE) Given New $22.00 Price Target at Barrington Research

Interface (NASDAQ:TILE) had its price target increased by stock analysts at Barrington Research from $20.00 to $22.00 in a report released on Friday, Benzinga reports. The firm presently has an “outperform” rating on the textile maker’s stock. Barrington Research’s price objective indicates a potential upside of 26.51% from the company’s previous close.

Several other research firms have also issued reports on TILE. TheStreet raised shares of Interface from a “c” rating to a “b-” rating in a research note on Tuesday, February 27th. Truist Financial raised their price target on shares of Interface from $10.00 to $14.00 and gave the company a “hold” rating in a research note on Wednesday, February 28th.

Interface Trading Up 9.6 %

TILE stock opened at $17.39 on Friday. The company’s 50-day simple moving average is $15.85 and its 200-day simple moving average is $12.93. The company has a quick ratio of 1.42, a current ratio of 2.72 and a debt-to-equity ratio of 0.96. Interface has a 52-week low of $6.51 and a 52-week high of $18.47. The firm has a market cap of $1.01 billion, a P/E ratio of 17.22, a PEG ratio of 1.10 and a beta of 1.99.

Interface (NASDAQ:TILE) last posted its earnings results on Friday, May 3rd. The textile maker reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.12. Interface had a net margin of 3.53% and a return on equity of 14.95%. The business had revenue of $289.70 million for the quarter, compared to analyst estimates of $284.76 million. During the same period in the prior year, the company posted $0.07 EPS. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, equities analysts forecast that Interface will post 1.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of Interface during the 1st quarter worth approximately $57,000. GAMMA Investing LLC increased its holdings in Interface by 131.1% in the 1st quarter. GAMMA Investing LLC now owns 3,943 shares of the textile maker’s stock valued at $66,000 after purchasing an additional 2,237 shares during the last quarter. Aristeia Capital LLC acquired a new stake in Interface in the 3rd quarter valued at approximately $101,000. Olympiad Research LP acquired a new stake in Interface in the 3rd quarter valued at approximately $141,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Interface by 86.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,235 shares of the textile maker’s stock valued at $149,000 after purchasing an additional 7,052 shares during the last quarter. 98.34% of the stock is owned by hedge funds and other institutional investors.

Interface Company Profile

Interface, Inc designs, produces, and sells modular carpet products primarily worldwide. The company operates in two segments, Americas (AMS), and Europe, Africa, Asia and Australia (EAAA). The company offers modular carpets under the Interface and FLOR brand names; luxury vinyl tiles; carpet tiles under the CQuestGB name for use in commercial interiors, include offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; and modular resilient flooring products.