Interface (NASDAQ:TILE) Stock Rating Upgraded by Wall Street Zen

Interface (NASDAQ:TILE) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

Other equities analysts also recently issued research reports about the company. Zacks Research downgraded Interface from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Weiss Ratings lowered Interface from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, December 24th. Finally, Barrington Research lifted their price objective on Interface from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Interface currently has an average rating of “Moderate Buy” and an average target price of $36.00.

Interface Stock Down 0.9%

Shares of NASDAQ TILE opened at $32.56 on Friday. The firm’s 50-day moving average is $30.76 and its two-hundred day moving average is $28.49. The company has a market capitalization of $1.90 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 1.09 and a beta of 1.90. Interface has a 12-month low of $17.24 and a 12-month high of $35.11. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.89 and a quick ratio of 1.70.

Institutional Investors Weigh In On Interface

A number of institutional investors have recently bought and sold shares of TILE. Royal Bank of Canada raised its stake in Interface by 8.4% during the first quarter. Royal Bank of Canada now owns 19,657 shares of the textile maker’s stock worth $390,000 after purchasing an additional 1,522 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Interface by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,118 shares of the textile maker’s stock worth $677,000 after buying an additional 1,485 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Interface by 5.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 748,701 shares of the textile maker’s stock worth $14,854,000 after buying an additional 42,011 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Interface by 6.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 151,950 shares of the textile maker’s stock worth $3,015,000 after buying an additional 9,580 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Interface by 62.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 23,821 shares of the textile maker’s stock valued at $499,000 after acquiring an additional 9,172 shares during the last quarter. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

About Interface

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.