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

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) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $29.45 and last traded at $29.10, with a volume of 550731 shares changing hands. The stock had previously closed at $29.35.

Analysts Set New Price Targets

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

Interface Stock Performance

The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 1.14 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 is $25.30 and its 200-day moving average is $21.75.

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 firm had revenue of $375.52 million for the quarter, compared to analysts' expectations of $360.57 million. Interface had a net margin of 7.08% and a return on equity of 18.97%. The company's revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 earnings per share. Interface has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts predict that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Interface Dividend Announcement

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

Insider Buying and Selling

In other news, VP Stansfield Nigel sold 79,497 shares of Interface stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $25.60, for a total value of $2,035,123.20. Following the completion of the transaction, the vice president directly owned 65,125 shares of the company's stock, valued at approximately $1,667,200. This trade represents a 54.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP James Poppens sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $26.14, for a total value of $130,700.00. Following the transaction, the vice president owned 124,616 shares in the company, valued at $3,257,462.24. The trade was a 3.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 109,497 shares of company stock valued at $2,839,573 over the last quarter. Insiders own 2.30% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TILE. Congress Asset Management Co. bought a new position in Interface during the first quarter worth $44,969,000. Nuveen LLC bought a new position in Interface during the first quarter worth $15,505,000. Pacer Advisors Inc. bought a new position in Interface during the first quarter worth $8,635,000. Nuveen Asset Management LLC boosted its stake in Interface by 170.3% during the fourth quarter. Nuveen Asset Management LLC now owns 641,730 shares of the textile maker's stock worth $15,626,000 after acquiring an additional 404,277 shares in the last quarter. Finally, CW Advisors LLC acquired a new position in Interface during the first quarter worth $6,208,000. 98.34% of the stock is owned by institutional investors.

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.