Interface (NASDAQ:TILE) Stock Rating Lowered by Wall Street Zen

Interface (NASDAQ:TILE) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

Several other equities research analysts also recently commented on TILE. Weiss Ratings downgraded shares of Interface from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Zacks Research lowered shares of Interface from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Finally, Barrington Research reissued an “outperform” rating and issued a $32.00 price objective on shares of Interface in a research note on Wednesday, October 15th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.00.

Interface Trading Down 0.2%

Shares of TILE stock opened at $27.16 on Friday. Interface has a twelve month low of $17.24 and a twelve month high of $30.20. The stock’s fifty day simple moving average is $27.55 and its 200 day simple moving average is $22.95. The company has a quick ratio of 1.59, a current ratio of 2.88 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $1.59 billion, a P/E ratio of 16.77, a P/E/G ratio of 1.07 and a beta of 2.07.

Interface (NASDAQ:TILE) last posted its earnings results on Friday, August 1st. The textile maker reported $0.60 EPS for the quarter, beating the consensus estimate of $0.47 by $0.13. The firm had revenue of $375.52 million during the quarter, compared to the consensus estimate of $360.57 million. Interface had a return on equity of 18.97% and a net margin of 7.08%.The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the company earned $0.40 earnings per share. Interface has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Interface will post 1.37 EPS for the current fiscal year.

Insider Transactions at Interface

In other news, VP James Poppens sold 5,000 shares of the business’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 transaction, the vice president directly owned 124,616 shares of the company’s stock, valued at $3,257,462.24. The trade was a 3.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 value of $673,750.00. Following the sale, the chief financial officer owned 145,403 shares in the company, valued at approximately $3,918,610.85. The trade was a 14.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 109,497 shares of company stock worth $2,839,573 over the last three months. 2.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Interface

Institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC grew its position in Interface by 15.1% during the third quarter. CWM LLC now owns 2,857 shares of the textile maker’s stock valued at $83,000 after buying an additional 375 shares during the period. Sei Investments Co. grew its position in shares of Interface by 0.9% during the 1st quarter. Sei Investments Co. now owns 64,897 shares of the textile maker’s stock valued at $1,288,000 after acquiring an additional 568 shares during the period. Atria Investments Inc grew its position in shares of Interface by 4.8% during the 2nd quarter. Atria Investments Inc now owns 12,990 shares of the textile maker’s stock valued at $272,000 after acquiring an additional 590 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Interface by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,361 shares of the textile maker’s stock worth $615,000 after purchasing an additional 618 shares during the last quarter. Finally, Summit Global Investments raised its holdings in shares of Interface by 1.4% in the 2nd quarter. Summit Global Investments now owns 47,750 shares of the textile maker’s stock worth $999,000 after purchasing an additional 662 shares during the period. 98.34% of the stock is currently 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.