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

Key Points

• Interface, Inc. (NASDAQ:TILE) shares reached a new 52-week high of $29.45, with an average price target from analysts at $32.00.
• The company reported earnings per share (EPS) of $0.60 for the last quarter, exceeding expectations and reflecting an 8.3% increase in revenue year-over-year.
• Interface declared a quarterly dividend of $0.02, representing a 0.3% yield on an annualized basis.

Interface, Inc. (NASDAQ:TILE - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $29.45 and last traded at $29.10, with a volume of 550731 shares traded. The stock had previously closed at $29.35.

Wall Street Analysts Forecast Growth

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

Interface Stock Performance

The firm's fifty day moving average price is $25.30 and its 200 day moving average price is $21.77. 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 firm has a market capitalization of $1.73 billion, a PE ratio of 18.25, a PEG ratio of 1.16 and a beta of 2.11.

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

Interface Announces Dividend

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

Insider Transactions at Interface

In other Interface news, CFO Bruce Andrew Hausmann sold 25,000 shares of Interface stock in a transaction that occurred on Wednesday, August 27th. The stock was 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 of the company's stock, valued at $3,918,610.85. The trade was a 14.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP James Poppens sold 5,000 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $26.14, for a total transaction of $130,700.00. Following the transaction, the vice president directly owned 124,616 shares of the company's stock, valued at $3,257,462.24. This represents a 3.86% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 109,497 shares of company stock worth $2,839,573. Company insiders own 2.30% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TILE. IFP Advisors Inc increased its holdings in shares of 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 buying an additional 1,132 shares in the last quarter. EverSource Wealth Advisors LLC bought a new position in Interface in the second quarter valued at approximately $35,000. Versant Capital Management Inc boosted its stake in 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 acquiring an additional 815 shares during the last quarter. Virtus Advisers LLC bought a new position in Interface in the first quarter valued at approximately $57,000. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Interface during the second quarter worth $87,000. 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.