Wall Street Zen cut shares of Interface (NASDAQ:TILE – Free Report) from a strong-buy rating to a buy rating in a report released on Saturday.
Several other brokerages have also recently commented on TILE. Zacks Research cut Interface from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Barrington Research reiterated an “outperform” rating and set a $32.00 price target on shares of Interface in a research report on Wednesday. Finally, Weiss Ratings lowered Interface from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $32.00.
Check Out Our Latest Stock Analysis on Interface
Interface Stock Down 0.2%
Interface (NASDAQ:TILE – Get Free Report) last issued its quarterly earnings data 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 return on equity of 18.97% and a net margin of 7.08%.The company had revenue of $375.52 million for the quarter, compared to analyst estimates of $360.57 million. During the same period last year, the company earned $0.40 earnings per share. Interface’s quarterly revenue was up 8.3% compared to the same quarter last year. Interface has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts predict that Interface will post 1.37 earnings per share for the current fiscal year.
Interface Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.08 annualized dividend and a yield of 0.3%. Interface’s dividend payout ratio is presently 4.94%.
Insider Buying and Selling
In other Interface news, VP Stansfield Nigel sold 79,497 shares of the company’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 sale, the vice president owned 65,125 shares in the company, valued at $1,667,200. This represents a 54.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP James Poppens sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $26.14, for a total value of $130,700.00. Following the sale, the vice president owned 124,616 shares in the company, valued at approximately $3,257,462.24. This trade represents a 3.86% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 109,497 shares of company stock valued at $2,839,573. Corporate insiders own 2.30% of the company’s stock.
Institutional Investors Weigh In On Interface
Large investors have recently bought and sold shares of the stock. Blue Trust Inc. purchased a new stake in Interface during the 3rd quarter worth about $34,000. IFP Advisors Inc increased its holdings in shares of Interface by 2,695.2% in the 2nd quarter. IFP Advisors Inc now owns 1,174 shares of the textile maker’s stock valued at $25,000 after acquiring an additional 1,132 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new position in shares of Interface in the 2nd quarter valued at about $35,000. CWM LLC increased its holdings in shares of Interface by 15.1% in the 3rd quarter. CWM LLC now owns 2,857 shares of the textile maker’s stock valued at $83,000 after acquiring an additional 375 shares during the last quarter. Finally, Virtus Advisers LLC purchased a new position in shares of Interface in the 1st quarter valued at about $57,000. 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.
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