Interface (NASDAQ:TILE) Sets New 1-Year High - What's Next?

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)'s share price reached a new 52-week high on Thursday . The stock traded as high as $28.33 and last traded at $28.05, with a volume of 134897 shares. The stock had previously closed at $27.39.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TILE. Wall Street Zen upgraded Interface from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Barrington Research reissued an "outperform" rating and issued a $32.00 target price on shares of Interface in a research note on Friday, August 29th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $32.00.

Interface Stock Performance

The company has a market cap of $1.70 billion, a price-to-earnings ratio of 17.96, a P/E/G ratio of 1.15 and a beta of 2.11. The company has a current ratio of 2.88, a quick ratio of 1.59 and a debt-to-equity ratio of 0.53. The stock's 50 day moving average price is $24.84 and its 200 day moving average price is $21.55.

Interface (NASDAQ:TILE - Get Free Report) last released its earnings results on Friday, August 1st. The textile maker reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.13. The firm had revenue of $375.52 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 earnings per share. Interface has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts expect that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Interface Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, August 29th. Interface's dividend payout ratio (DPR) is 4.94%.

Insider Activity at Interface

In other Interface news, VP Stansfield Nigel sold 79,497 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $25.60, for a total transaction of $2,035,123.20. Following the completion of the sale, the vice president owned 65,125 shares of the company's stock, valued at approximately $1,667,200. The trade was a 54.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Bruce Andrew Hausmann sold 25,000 shares of Interface 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 completion of the transaction, the chief financial officer directly owned 145,403 shares in the company, valued at $3,918,610.85. This represents a 14.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 109,497 shares of company stock worth $2,839,573. 2.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Interface

Large investors have recently made changes to their positions in the business. IFP Advisors Inc lifted its holdings in shares of Interface by 2,695.2% during the 2nd quarter. IFP Advisors Inc now owns 1,174 shares of the textile maker's stock valued at $25,000 after acquiring an additional 1,132 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new position in shares of Interface during the second quarter worth about $35,000. Virtus Fund Advisers LLC acquired a new position in shares of Interface during the fourth quarter worth about $48,000. Versant Capital Management Inc grew its stake in shares of Interface by 49.6% in the first quarter. Versant Capital Management Inc now owns 2,458 shares of the textile maker's stock valued at $49,000 after buying an additional 815 shares in the last quarter. Finally, Virtus Advisers LLC acquired a new stake in shares of Interface in the first quarter valued at about $57,000. Institutional investors and hedge funds 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.