Interface (NASDAQ:TILE) Lowered to "Buy" Rating by Wall Street Zen

Key Points

• Interface was downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen, while Weiss Ratings shifted their rating from "buy (b-)" to "hold (c+)."
• Despite the ratings changes, Barrington Research maintained an "outperform" rating with a price target of $32.00, reflecting a consensus rating of "Hold" among analysts.
• Insider activity saw significant selling, with Vice President Stansfield Nigel selling 79,497 shares and CFO Bruce Andrew Hausmann selling 25,000 shares in recent transactions.

Interface (NASDAQ:TILE - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

A number of other analysts also recently issued reports on the company. Weiss Ratings downgraded Interface from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, October 8th. Barrington Research restated an "outperform" rating and issued a $32.00 price target on shares of Interface in a research report on Wednesday. Finally, Zacks Research downgraded Interface from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 30th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $32.00.

Interface Stock Down 0.2%

NASDAQ TILE opened at $27.16 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.59 and a current ratio of 2.88. The company has a market capitalization of $1.59 billion, a P/E ratio of 16.77, a P/E/G ratio of 1.07 and a beta of 2.07. Interface has a one year low of $17.24 and a one year high of $30.20. The stock has a 50 day moving average price of $27.55 and a 200-day moving average price of $22.90.

Interface (NASDAQ:TILE - Get Free Report) last posted its earnings results on Friday, August 1st. The textile maker reported $0.60 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 return on equity of 18.97% and a net margin of 7.08%.The company's quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior 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 predict that Interface will post 1.37 EPS for the current fiscal year.

Insider Activity at Interface

In related news, VP Stansfield Nigel sold 79,497 shares of the firm'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 sale, the vice president owned 65,125 shares of the company's stock, valued at $1,667,200. This trade represents a 54.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 sale, the chief financial officer directly owned 145,403 shares in the company, valued at approximately $3,918,610.85. The trade was a 14.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 109,497 shares of company stock valued at $2,839,573 over the last quarter. 2.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Interface

A number of institutional investors have recently added to or reduced their stakes in TILE. CWM LLC boosted its holdings in Interface by 15.1% in the third quarter. CWM LLC now owns 2,857 shares of the textile maker's stock worth $83,000 after acquiring an additional 375 shares in the last quarter. Sei Investments Co. boosted its holdings in Interface by 0.9% in the first quarter. Sei Investments Co. now owns 64,897 shares of the textile maker's stock worth $1,288,000 after acquiring an additional 568 shares in the last quarter. Atria Investments Inc boosted its holdings in Interface by 4.8% in the second quarter. Atria Investments Inc now owns 12,990 shares of the textile maker's stock worth $272,000 after acquiring an additional 590 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Interface by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 29,361 shares of the textile maker's stock worth $615,000 after acquiring an additional 618 shares in the last quarter. Finally, Summit Global Investments boosted its holdings in Interface by 1.4% in the second quarter. Summit Global Investments now owns 47,750 shares of the textile maker's stock worth $999,000 after acquiring an additional 662 shares in the last quarter. Institutional investors own 98.34% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.