Interface (NASDAQ:TILE) Sets New 12-Month High – Still a Buy?

Interface, Inc. (NASDAQ:TILE) reached a new 52-week high on Wednesday . The stock traded as high as $31.36 and last traded at $31.1660, with a volume of 138703 shares changing hands. The stock had previously closed at $30.31.

Wall Street Analyst Weigh In

A number of brokerages have commented on TILE. Weiss Ratings cut Interface from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, December 24th. Zacks Research lowered shares of Interface from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Wall Street Zen downgraded shares of Interface from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 16th. Finally, Barrington Research reissued an “outperform” rating and issued a $32.00 price objective on shares of Interface in a research note on Friday, October 31st. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $32.00.

Interface Stock Performance

The firm has a market capitalization of $1.82 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 1.03 and a beta of 1.90. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.70 and a current ratio of 2.89. The business’s fifty day simple moving average is $28.18 and its 200-day simple moving average is $26.71.

Interface (NASDAQ:TILE) last released its earnings results on Friday, October 31st. The textile maker reported $0.61 EPS for the quarter, topping the consensus estimate of $0.46 by $0.15. The firm had revenue of $364.53 million for the quarter, compared to the consensus estimate of $358.19 million. Interface had a net margin of 8.27% and a return on equity of 19.30%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 earnings per share. As a group, equities research analysts expect that Interface, Inc. will post 1.37 EPS for the current year.

Interface Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were given a dividend of $0.02 per share. The ex-dividend date was Friday, November 28th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.3%. Interface’s dividend payout ratio (DPR) is presently 4.17%.

Institutional Investors Weigh In On Interface

A number of hedge funds have recently made changes to their positions in TILE. TD Private Client Wealth LLC bought a new position in Interface during the third quarter valued at approximately $32,000. Blue Trust Inc. bought a new position in shares of Interface during the 3rd quarter valued at approximately $34,000. IFP Advisors Inc boosted its position in shares of Interface by 2,695.2% during the 2nd quarter. IFP Advisors Inc now owns 1,174 shares of the textile maker’s stock valued at $25,000 after acquiring an additional 1,132 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Interface by 114.6% in the third quarter. Larson Financial Group LLC now owns 1,176 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 628 shares in the last quarter. Finally, Wexford Capital LP bought a new stake in Interface in the third quarter worth $43,000. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Interface Company Profile

Interface, Inc (NASDAQ: TILE) is a global manufacturer of modular flooring and resilient commercial flooring solutions. The company specializes in carpet tiles, luxury vinyl tile (LVT) and other environmentally responsible hard-surface products designed for use in corporate, education, healthcare, hospitality and retail environments. Interface’s portfolio also includes broadloom carpet, rubber flooring and acoustic underlays, all engineered to meet performance, design and sustainability requirements in modern interior spaces.

Founded in 1973 by Ray C.