Interface (NASDAQ:TILE) Reaches New 1-Year High – Should You Buy?

Shares of Interface, Inc. (NASDAQ:TILE) reached a new 52-week high during trading on Monday . The stock traded as high as $32.43 and last traded at $32.1190, with a volume of 158387 shares. The stock had previously closed at $31.47.

Wall Street Analysts Forecast Growth

TILE has been the topic of a number of research analyst reports. Zacks Research downgraded shares of Interface from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Barrington Research boosted their price target on Interface from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Weiss Ratings downgraded Interface from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, December 24th. Finally, Wall Street Zen lowered Interface from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 16th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $36.00.

Interface Stock Performance

The business has a 50-day moving average of $29.36 and a two-hundred day moving average of $27.48. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.89 and a quick ratio of 1.70. The company has a market cap of $1.94 billion, a P/E ratio of 17.34, a P/E/G ratio of 1.09 and a beta of 1.90.

Interface Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, November 28th. Interface’s dividend payout ratio (DPR) is 4.17%.

Institutional Trading of Interface

Several hedge funds and other institutional investors have recently made changes to their positions in TILE. Congress Asset Management Co. grew its stake in Interface by 3.3% during the 4th quarter. Congress Asset Management Co. now owns 2,629,174 shares of the textile maker’s stock worth $73,407,000 after buying an additional 84,793 shares during the last quarter. American Century Companies Inc. boosted its holdings in Interface by 5.5% in the third quarter. American Century Companies Inc. now owns 2,412,549 shares of the textile maker’s stock worth $69,819,000 after acquiring an additional 126,263 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Interface by 0.7% in the second quarter. Geode Capital Management LLC now owns 1,433,183 shares of the textile maker’s stock worth $30,000,000 after acquiring an additional 10,537 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Interface by 5.9% during the first quarter. Goldman Sachs Group Inc. now owns 748,701 shares of the textile maker’s stock worth $14,854,000 after acquiring an additional 42,011 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in shares of Interface by 2.1% during the third quarter. Qube Research & Technologies Ltd now owns 646,357 shares of the textile maker’s stock valued at $18,706,000 after acquiring an additional 13,095 shares in the last quarter. Hedge funds and other institutional investors own 98.34% of the company’s stock.

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.