Interface (NASDAQ:TILE) Downgraded by Wall Street Zen to “Buy”

Interface (NASDAQ:TILE) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Sunday.

Several other brokerages have also recently commented on TILE. Zacks Research raised Interface from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Barrington Research reissued an “outperform” rating and issued a $32.00 price objective on shares of Interface in a report on Friday, October 31st. Finally, Weiss Ratings raised shares of Interface from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, October 25th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to MarketBeat.com, Interface presently has an average rating of “Buy” and a consensus price target of $32.00.

Interface Price Performance

NASDAQ TILE opened at $25.94 on Friday. Interface has a 12-month low of $17.24 and a 12-month high of $30.20. The firm’s 50 day moving average is $27.52 and its 200-day moving average is $24.08. The company has a market capitalization of $1.51 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 1.04 and a beta of 2.07. The company has a quick ratio of 1.59, a current ratio of 2.88 and a debt-to-equity ratio of 0.53.

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

Insider Buying and Selling at Interface

In related news, VP James Poppens sold 5,000 shares of Interface 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 completion of the sale, the vice president owned 124,616 shares of the company’s stock, valued at approximately $3,257,462.24. The trade was a 3.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Bruce Andrew Hausmann sold 25,000 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $26.95, for a total transaction of $673,750.00. Following the completion of the transaction, the chief financial officer owned 145,403 shares in the company, valued at approximately $3,918,610.85. This trade represents a 14.67% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Interface

A number of institutional investors have recently made changes to their positions in the company. IFP Advisors Inc lifted its holdings in Interface by 2,695.2% during the 2nd quarter. IFP Advisors Inc now owns 1,174 shares of the textile maker’s stock worth $25,000 after purchasing an additional 1,132 shares during the last quarter. TD Private Client Wealth LLC bought a new position in Interface during the 3rd quarter worth $32,000. Blue Trust Inc. acquired a new stake in shares of Interface during the third quarter worth $34,000. EverSource Wealth Advisors LLC bought a new stake in shares of Interface in the second quarter valued at about $35,000. Finally, Richardson Financial Services Inc. boosted its position in shares of Interface by 166.4% in the third quarter. Richardson Financial Services Inc. now owns 1,569 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 980 shares during the period. 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.