Interface (NASDAQ:TILE) Hits New 52-Week High - Time to Buy?

Key Points

• Interface, Inc. shares reached a new 52-week high of $28.33, closing at $28.05, reflecting significant trading activity with a volume of 134,897 shares.
• Equities analysts have a consensus rating of "Buy" for Interface, with a price target of $32.00, indicating positive market sentiment.
• The company recently announced a quarterly dividend of $0.02 per share, which represents a yield of 0.3% and will be paid to shareholders of record.

Interface, Inc. (NASDAQ:TILE - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $28.33 and last traded at $28.05, with a volume of 134897 shares trading hands. The stock had previously closed at $27.39.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Barrington Research restated an "outperform" rating and issued a $32.00 price objective on shares of Interface in a research note on Friday, August 29th. 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 investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $32.00.

Interface Stock Performance

The company has a 50-day moving average price of $24.28 and a two-hundred day moving average price of $21.29. 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 stock has a market capitalization of $1.67 billion, a P/E ratio of 17.68, a PEG ratio of 1.06 and a beta of 2.11.

Interface (NASDAQ:TILE - Get Free Report) last posted its earnings results on Friday, August 1st. The textile maker reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 7.08% and a return on equity of 18.97%. Interface's revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 EPS. Interface has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts expect that Interface, Inc. will post 1.37 earnings per share for the current year.

Interface Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, August 29th. Interface's dividend payout ratio is currently 4.94%.

Insider Buying and Selling

In related news, CFO Bruce Andrew Hausmann sold 25,000 shares of the company'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 value of $673,750.00. Following the transaction, the chief financial officer directly owned 145,403 shares in the company, valued at approximately $3,918,610.85. This represents a 14.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP James Poppens sold 5,000 shares of the stock in a transaction 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 completion of the transaction, the vice president directly owned 124,616 shares in the company, valued at $3,257,462.24. The trade was a 3.86% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 109,497 shares of company stock worth $2,839,573. Insiders own 2.30% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its holdings in shares of Interface by 56.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 14,649 shares of the textile maker's stock worth $291,000 after purchasing an additional 5,299 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Interface by 277.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 97,270 shares of the textile maker's stock worth $1,930,000 after acquiring an additional 71,476 shares during the last quarter. XTX Topco Ltd bought a new stake in Interface in the 1st quarter worth $303,000. North Star Investment Management Corp. grew its holdings in Interface by 9.9% in the 1st quarter. North Star Investment Management Corp. now owns 166,075 shares of the textile maker's stock worth $3,295,000 after acquiring an additional 15,000 shares during the last quarter. Finally, Jupiter Asset Management Ltd. grew its stake in shares of Interface by 28.5% in the first quarter. Jupiter Asset Management Ltd. now owns 343,102 shares of the textile maker's stock worth $6,807,000 after purchasing an additional 76,103 shares during the last quarter. 98.34% of the stock is owned by institutional investors.

About Interface

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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