Interface (NASDAQ:TILE) Cut to Hold at Zacks Research

Key Points

• Interface has been downgraded from a "strong-buy" to a "hold" rating by Zacks Research, indicating a potential caution for investors.
• The company's shares traded down by 1.5%, reaching $28.14, with a current average rating of "Moderate Buy" and a consensus target price of $32.00.
• In its most recent earnings report, Interface reported earnings per share of $0.60, exceeding expectations and marking an 8.3% revenue increase compared to the same quarter last year.

Interface (NASDAQ:TILE - Get Free Report) was downgraded by equities researchers at Zacks Research from a "strong-buy" rating to a "hold" rating in a report released on Tuesday,Zacks.com reports.

Several other research analysts have also weighed in on TILE. Wall Street Zen raised shares of Interface from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Barrington Research reiterated an "outperform" rating and set a $32.00 target price on shares of Interface in a report on Friday, August 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $32.00.

Interface Trading Down 1.5%

TILE traded down $0.44 on Tuesday, reaching $28.14. 8,236 shares of the company traded hands, compared to its average volume of 456,276. The company has a quick ratio of 1.59, a current ratio of 2.88 and a debt-to-equity ratio of 0.53. The company has a market cap of $1.64 billion, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 1.13 and a beta of 2.07. The firm has a fifty day simple moving average of $26.57 and a two-hundred day simple moving average of $22.31. Interface has a one year low of $17.24 and a one year high of $30.20.

Interface (NASDAQ:TILE - Get Free Report) last released its earnings results on Friday, August 1st. The textile maker reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.13. Interface had a net margin of 7.08% and a return on equity of 18.97%. The company had revenue of $375.52 million for the quarter, compared to the consensus estimate of $360.57 million. During the same quarter in the previous year, the firm earned $0.40 EPS. Interface's revenue was up 8.3% compared to the same quarter last year. Interface has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts expect that Interface will post 1.37 earnings per share for the current year.

Insider Activity at Interface

In other news, VP James Poppens sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $26.14, for a total transaction of $130,700.00. Following the transaction, the vice president owned 124,616 shares in the company, valued at approximately $3,257,462.24. This trade represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Stansfield Nigel sold 79,497 shares of the firm's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $25.60, for a total value of $2,035,123.20. Following the completion of the sale, the vice president directly owned 65,125 shares in the company, valued at approximately $1,667,200. This represents a 54.97% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 109,497 shares of company stock valued at $2,839,573. Insiders own 2.30% of the company's stock.

Institutional Trading of Interface

Several institutional investors and hedge funds have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Interface by 32.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 142,370 shares of the textile maker's stock worth $3,467,000 after acquiring an additional 35,001 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Interface by 49.6% during the 1st quarter. Versant Capital Management Inc now owns 2,458 shares of the textile maker's stock valued at $49,000 after purchasing an additional 815 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Interface by 2,083.4% during the 1st quarter. GAMMA Investing LLC now owns 84,717 shares of the textile maker's stock valued at $16,810,000 after purchasing an additional 80,837 shares during the last quarter. Congress Asset Management Co. bought a new position in shares of Interface in the 1st quarter valued at about $44,969,000. Finally, Wedge Capital Management L L P NC raised its position in Interface by 22.3% in the 1st quarter. Wedge Capital Management L L P NC now owns 62,569 shares of the textile maker's stock worth $1,241,000 after purchasing an additional 11,416 shares during the period. 98.34% of the stock is currently 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.

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