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

Key Points

• Barrington Research has restated its "outperform" rating for Interface (NASDAQ:TILE) with a price target of $32.00, indicating a potential upside of 20.30% from the stock's previous close.
• The company's stock has received mixed reviews from analysts, with one upgrading it to a "strong buy" while another downgraded it to a "hold" rating; currently, the average rating remains a "hold."
• Insider trades have shown a significant decrease in ownership as CFO Bruce Andrew Hausmann sold 25,000 shares, along with other executives also reducing their stakes in the company recently.

Interface (NASDAQ:TILE - Get Free Report)'s stock had its "outperform" rating restated by investment analysts at Barrington Research in a research note issued on Wednesday,Benzinga reports. They currently have a $32.00 price target on the textile maker's stock. Barrington Research's price target indicates a potential upside of 20.30% from the stock's previous close.

A number of other research analysts have also weighed in on TILE. Weiss Ratings lowered Interface from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, October 8th. Wall Street Zen raised Interface from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Finally, Zacks Research lowered Interface from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 30th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $32.00.

Interface Price Performance

Shares of NASDAQ:TILE opened at $26.60 on Wednesday. The business's 50 day simple moving average is $27.43 and its 200-day simple moving average is $22.77. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 16.42, a price-to-earnings-growth ratio of 1.04 and a beta of 2.07. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.88 and a quick ratio of 1.59. Interface has a 12 month low of $17.24 and a 12 month high of $30.20.

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

Insiders Place Their Bets

In other Interface news, CFO Bruce Andrew Hausmann sold 25,000 shares of the firm's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $26.95, for a total value of $673,750.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 shares were sold at an average price of $26.14, for a total value of $130,700.00. Following the completion of the sale, the vice president owned 124,616 shares in the company, valued at approximately $3,257,462.24. This represents a 3.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 109,497 shares of company stock valued at $2,839,573 over the last quarter. Insiders own 2.60% of the company's stock.

Institutional Investors Weigh In On Interface

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc raised its holdings in Interface by 2,695.2% during the second 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 purchased a new position in Interface during the 2nd quarter worth approximately $35,000. Virtus Advisers LLC purchased a new position in Interface during the 1st quarter worth approximately $57,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Interface during the 2nd quarter valued at $87,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Interface by 399.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,763 shares of the textile maker's stock valued at $121,000 after buying an additional 4,608 shares during the period. Institutional investors own 98.34% of the company's stock.

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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