Interface's (TILE) "Outperform" Rating Reaffirmed at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Interface (NASDAQ:TILE - Free Report) in a research report sent to investors on Tuesday morning,Benzinga reports. Barrington Research currently has a $30.00 price target on the textile maker's stock. Barrington Research also issued estimates for Interface's Q1 2025 earnings at $0.20 EPS, Q2 2025 earnings at $0.45 EPS, Q3 2025 earnings at $0.49 EPS, Q4 2025 earnings at $0.40 EPS, FY2025 earnings at $1.54 EPS and FY2026 earnings at $1.75 EPS.

Separately, StockNews.com raised shares of Interface from a "buy" rating to a "strong-buy" rating in a research note on Monday, February 24th.

Interface Stock Performance

Shares of TILE traded up $0.62 during mid-day trading on Tuesday, hitting $20.23. 771,540 shares of the company's stock were exchanged, compared to its average volume of 475,614. Interface has a 52 week low of $14.13 and a 52 week high of $27.34. The stock's 50-day simple moving average is $23.43 and its 200-day simple moving average is $21.92. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 0.96 and a beta of 2.10. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66.

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Interface (NASDAQ:TILE - Get Free Report) last announced its earnings results on Tuesday, February 25th. The textile maker reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. Interface had a net margin of 6.49% and a return on equity of 19.91%. The company had revenue of $335.00 million for the quarter, compared to analysts' expectations of $340.51 million. During the same period last year, the firm earned $0.41 earnings per share. The business's revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities research analysts expect that Interface will post 1.37 EPS for the current year.

Insider Activity at Interface

In other Interface news, VP David B. Foshee sold 15,175 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $26.27, for a total value of $398,647.25. Following the sale, the vice president now owns 202,398 shares in the company, valued at $5,316,995.46. This trade represents a 6.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Daniel T. Hendrix sold 18,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $26.33, for a total transaction of $473,940.00. Following the completion of the sale, the director now owns 153,147 shares in the company, valued at $4,032,360.51. This represents a 10.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 58,175 shares of company stock valued at $1,471,087 over the last three months. 2.60% of the stock is owned by insiders.

Institutional Trading of Interface

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Interface by 4.2% in the fourth quarter. Vanguard Group Inc. now owns 6,116,464 shares of the textile maker's stock valued at $148,936,000 after buying an additional 246,726 shares in the last quarter. State Street Corp lifted its holdings in shares of Interface by 0.6% during the third quarter. State Street Corp now owns 2,232,327 shares of the textile maker's stock worth $42,347,000 after purchasing an additional 13,686 shares during the period. American Century Companies Inc. lifted its holdings in shares of Interface by 12.3% during the fourth quarter. American Century Companies Inc. now owns 1,992,296 shares of the textile maker's stock worth $48,512,000 after purchasing an additional 218,113 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Interface by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,371,976 shares of the textile maker's stock worth $26,031,000 after purchasing an additional 11,931 shares during the period. Finally, Hood River Capital Management LLC acquired a new position in shares of Interface during the fourth quarter worth $28,897,000. Institutional investors and hedge funds 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.