Spring Forward With Interface, Inc. (TILE)

If you’re on the hunt for stocks to watch today, Interface, Inc. (NASDAQ:TILE) is a stock to give close attention to. The company shares are trading 3.6% or 0.47 points up from last closing price of $13.07, reaching $13.54 at last check. The TILE share price has risen in 4 of the last 5 days and is down -14.91% over the past week. It will be exciting to see whether the stock manages to continue increasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -114,517 shares, and in total 125383 shares valued at $1.698 million were seen changing hands compared with 239900 shares valued at $3.135 million recorded at the previous session. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes in TILE stock for the next couple of days.

Interface, Inc. (TILE) shares have notched a 3-month decline of about -14.91%, but has still tumbled -8.28% year to date. By comparison, the stock sank -44.74% over the past 12 months, while it jumped 16.28% over the 1 month. The company’s market cap is around $750.35M, with its short interest ratio standing at 4.54%.

In the current trading session for TILE, the stock witnessed two major price actions, it rose to a high of $13.64 and was down as much as $13.22 at one point. The high recorded is very low when compared to their 52-week high which is $10.37. The 52-week high is now at -43.19 distance from current price. Their recent low of $23.8 represents a 30.38% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for TILE is $18.2, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.

The stock of Interface, Inc. earned $0.75 per share in the trailing 12 months and has a P/E ratio of 18.05. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is higher than the ones recorded by the industry which is 17.95 and lower compared to the sector’s average of 27.18. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. TILE also has P/S multiple of 0.59. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 0.17x.

TILE‘s last price was down -10.62% as compared to the average trading price of 50 days recorded at $15.15 while enlarging the period to 200 trading days, the average closing price was $12.91. At present, there are 57.41 million in the total number of common shares owned by the public and among those 57.22 million shares have been available to trade. The percentage of shares being held by the company management was 0.3% while institutions stake was 98.8%. The company has generated positive returns on equity over the last 12 months (14.5%). It managed to keep its gross profit margin at 36.3% over the past 12 months.

When assessing the full upside of the TILE stock, there is another set of technicals that should be looked into and considered. Its 19.52% gain from moving average of $11.33 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 1.5 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.

Most of the analysts surveyed by Thomson/First Call think quite highly of Interface, Inc. — 2 analysts rate the stock as a buy with another 0 rating it strong buy. There are 1 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $20.3333 on shares of Interface, Inc. (NASDAQ:TILE), which corresponds to 49.84% upside potential than its current market price of $13.54 and implies potential despite the recent advance in the price. However, their current target price has fallen from $22.75 a month ago and is down handily from the consensus target of $24.6667 a quarter ago.

In the last five years, the EPS of the company has been roughly 0.1%. Though the percentage looks disappointing, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 33.1%. The revenue of the company has risen at an average annualized rate of about 4.2 over the last five years. The company recently recorded an increase of 26.1%, but this figure is rather attractive.

Let’s briefly check the hedge fund interest towards TILE stock. Chartwell Investment Partners LLC trimmed position in the company after it dumped -4.4% or 585,289 shares of its common stock. The hedge fund now owns 559,536 shares worth $7,576,117, SEC documents show. Royal Bank of Canada shored up assets in the stock as 92246.85 shares have been purchased, increasing its stake by 19.1% to 109,866 shares which are currently valued at $1,487,586. In addition, Ladenburg Thalmann Financial Services Inc. recently reported that it now owns 2,992 shares making a total of $40,512 based on the recent price. This refelects a change of 100.8% in their ownership.