Interface (NASDAQ:TILE) Earns Outperform Rating from Barrington Research

Key Points

• Barrington Research has reaffirmed Interface's stock with an "outperform" rating and set a price target of $32.00, indicating a potential upside of 19.67% from the last close.
• Interface's recent quarterly earnings report revealed earnings per share of $0.60, surpassing estimates and showing an 8.3% revenue growth compared to the previous year.
• Significant insider selling occurred, with the CFO selling 25,000 shares at an average price of $26.95, which represents a 14.67% decrease in their position.

Interface (NASDAQ:TILE - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities researchers at Barrington Research in a note issued to investors on Friday,Benzinga reports. They currently have a $32.00 price objective on the textile maker's stock. Barrington Research's price target would suggest a potential upside of 19.67% from the company's previous close.

Separately, Wall Street Zen raised shares of Interface from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Interface presently has an average rating of "Buy" and an average target price of $32.00.

Interface Stock Performance

Interface stock opened at $26.74 on Friday. The business has a 50 day moving average of $23.14 and a 200-day moving average of $21.00. Interface has a 1 year low of $17.24 and a 1 year high of $27.34. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.88 and a quick ratio of 1.59. The company has a market capitalization of $1.56 billion, a P/E ratio of 16.51, a P/E/G ratio of 1.06 and a beta of 2.00.

Interface (NASDAQ:TILE - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The textile maker reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.13. Interface had a return on equity of 18.97% and a net margin of 7.08%.The company had revenue of $375.52 million during the quarter, compared to the consensus estimate of $360.57 million. During the same quarter in the prior year, the firm posted $0.40 earnings per share. The firm'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. On average, equities research analysts predict that Interface will post 1.37 earnings per share for the current year.

Insider Transactions at Interface

In other news, CFO Bruce Andrew Hausmann sold 25,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $26.95, for a total transaction of $673,750.00. Following the completion of the sale, the chief financial officer owned 145,403 shares of the company's stock, valued at $3,918,610.85. This trade represents a 14.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP James Poppens sold 5,000 shares of the firm's 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 sale, the vice president directly owned 124,616 shares of the company's stock, valued at approximately $3,257,462.24. This trade represents a 3.86% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 109,497 shares of company stock valued at $2,839,573 in the last quarter. 2.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Interface

A number of large investors have recently modified their holdings of TILE. IFP Advisors Inc lifted its holdings in shares of Interface by 2,695.2% in the 2nd quarter. IFP Advisors Inc now owns 1,174 shares of the textile maker's stock worth $25,000 after purchasing an additional 1,132 shares in the last quarter. EverSource Wealth Advisors LLC bought a new position in shares of Interface in the 2nd quarter worth $35,000. Virtus Fund Advisers LLC bought a new position in shares of Interface in the 4th quarter worth $48,000. Versant Capital Management Inc lifted its holdings in shares of Interface by 49.6% in the 1st quarter. Versant Capital Management Inc now owns 2,458 shares of the textile maker's stock worth $49,000 after purchasing an additional 815 shares in the last quarter. Finally, Virtus Advisers LLC bought a new position in shares of Interface in the 1st quarter worth $57,000. 98.34% of the stock is currently owned by 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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