Barrington Research Reaffirms Outperform Rating for Interface (NASDAQ:TILE)

Interface (NASDAQ:TILE)‘s stock had its “outperform” rating restated by research analysts at Barrington Research in a report released on Friday,Benzinga reports. They currently have a $32.00 target price on the textile maker’s stock. Barrington Research’s target price points to a potential upside of 28.51% from the stock’s previous close.

A number of other research firms have also weighed in on TILE. Zacks Research lowered Interface from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Wall Street Zen lowered Interface from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 18th. Finally, Weiss Ratings raised Interface from a “hold (c+)” rating to a “buy (b-)” rating in a report on Saturday, October 25th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Interface presently has an average rating of “Moderate Buy” and an average price target of $32.00.

Interface Trading Down 6.6%

Shares of Interface stock opened at $24.90 on Friday. Interface has a 52-week low of $17.24 and a 52-week high of $30.20. The stock’s 50-day simple moving average is $27.72 and its 200 day simple moving average is $23.55. The stock has a market capitalization of $1.45 billion, a P/E ratio of 15.37, a P/E/G ratio of 1.04 and a beta of 2.07. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.59 and a current ratio of 2.88.

Interface (NASDAQ:TILE) last announced its quarterly earnings data on Friday, October 31st. The textile maker reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.15. Interface had a return on equity of 18.97% and a net margin of 7.08%.The business had revenue of $364.53 million for the quarter, compared to analysts’ expectations of $358.19 million. During the same period in the previous year, the business posted $0.48 EPS. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. Interface has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Interface will post 1.37 EPS for the current year.

Insider Transactions at Interface

In other 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bruce Andrew Hausmann sold 25,000 shares of the business’s stock in a transaction dated 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 109,497 shares of company stock valued at $2,839,573. 2.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TILE. Vanguard Group Inc. boosted its stake in Interface by 0.7% in the first quarter. Vanguard Group Inc. now owns 6,159,773 shares of the textile maker’s stock worth $122,210,000 after buying an additional 43,309 shares in the last quarter. Congress Asset Management Co. boosted its stake in Interface by 2.9% in the third quarter. Congress Asset Management Co. now owns 2,544,381 shares of the textile maker’s stock worth $73,634,000 after buying an additional 70,840 shares in the last quarter. American Century Companies Inc. boosted its stake in Interface by 3.2% in the second quarter. American Century Companies Inc. now owns 2,286,286 shares of the textile maker’s stock worth $47,852,000 after buying an additional 71,961 shares in the last quarter. Geode Capital Management LLC boosted its stake in Interface by 0.7% in the second quarter. Geode Capital Management LLC now owns 1,433,183 shares of the textile maker’s stock worth $30,000,000 after buying an additional 10,537 shares in the last quarter. Finally, GW&K Investment Management LLC boosted its stake in Interface by 15.0% in the first quarter. GW&K Investment Management LLC now owns 1,183,961 shares of the textile maker’s stock worth $23,490,000 after buying an additional 154,872 shares in the last quarter. Hedge funds and other 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.