TILE

Barrington Research Initiates Coverage of Interface (TILE) with Outperform Recommendation

Fintel reports that on April 15, 2024, Barrington Research initiated coverage of Interface (NasdaqGS:TILE) with a Outperform recommendation.

Analyst Price Forecast Suggests 23.32% Upside

As of March 31, 2024, the average one-year price target for Interface is 19.04. The forecasts range from a low of 14.14 to a high of $26.25. The average price target represents an increase of 23.32% from its latest reported closing price of 15.44.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Interface is 1,374MM, an increase of 8.92%. The projected annual non-GAAP EPS is 1.69.

What is the Fund Sentiment?

There are 440 funds or institutions reporting positions in Interface. This is an increase of 10 owner(s) or 2.33% in the last quarter. Average portfolio weight of all funds dedicated to TILE is 0.11%, an increase of 9.73%. Total shares owned by institutions increased in the last three months by 5.33% to 64,899K shares. TILE / Interface, Inc. Put/Call Ratios The put/call ratio of TILE is 0.02, indicating a bullish outlook.

What are Other Shareholders Doing?

TILE / Interface, Inc. Shares Held by Institutions

IJR - iShares Core S&P Small-Cap ETF holds 3,902K shares representing 6.69% ownership of the company. In it's prior filing, the firm reported owning 3,927K shares, representing a decrease of 0.63%. The firm increased its portfolio allocation in TILE by 10.56% over the last quarter.

Pzena Investment Management holds 3,490K shares representing 5.98% ownership of the company. In it's prior filing, the firm reported owning 3,614K shares, representing a decrease of 3.55%. The firm increased its portfolio allocation in TILE by 8.70% over the last quarter.

Frontier Capital Management Co holds 3,038K shares representing 5.21% ownership of the company. In it's prior filing, the firm reported owning 3,074K shares, representing a decrease of 1.19%. The firm increased its portfolio allocation in TILE by 16.82% over the last quarter.

Barrow Hanley Mewhinney & Strauss holds 2,886K shares representing 4.95% ownership of the company. In it's prior filing, the firm reported owning 2,933K shares, representing a decrease of 1.62%. The firm increased its portfolio allocation in TILE by 108.59% over the last quarter.

CALF - Pacer US Small Cap Cash Cows 100 ETF holds 2,847K shares representing 4.88% ownership of the company. In it's prior filing, the firm reported owning 1,332K shares, representing an increase of 53.22%. The firm increased its portfolio allocation in TILE by 52.44% over the last quarter.

Interface Background Information
(This description is provided by the company.)

Interface, Inc. is a global flooring company specializing in carbon neutral carpet tile and resilient flooring, including luxury vinyl tile (LVT) and nora® rubber flooring. Interface helps its customers create high-performance interior spaces that support well-being, productivity, and creativity, as well as the sustainability of the planet. With its mission, Climate Take Back™, Interface commits to operating in a way that is restorative to the planet and creates a climate fit for life.

Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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