Fintel reports that on April 15, 2024, Barrington Research initiated coverage of Interface (NasdaqGS:TILE) with Get over it recommendation
Analytical Price Forecast Suggests 23.32% Up
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 a 23.32% increase from its last reported closing price of 15.44.
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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 Basic Sense?
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’s put/call ratio is 0.02, indicating a bullish outlook.
What Are Other Shareholders Doing?
IJR – iShares Core S&P Small-Cap ETF holds 3,902K shares representing 6.69% ownership of the company. In its previous filing, the company reported owning 3,927K shares, representing decline of 0.63%. The company increased its portfolio allocation in TILE by 10.56% during the last quarter.
Pzena Investment Management holds 3,490K shares representing 5.98% ownership of the company. In its previous filing, the company reported owning 3,614K shares, representing decline of 3.55%. The company increased its portfolio allocation in TILE by 8.70% during the last quarter.
Frontier Capital Management Co holds 3,038K shares representing 5.21% ownership of the company. In its previous filing, the company reported owning 3,074K shares, representing decline of 1.19%. The company increased its portfolio allocation in TILE by 16.82% during the last quarter.
Barrow Hanley Mewhinney & Strauss holds 2,886K shares representing 4.95% ownership of the company. In its previous filing, the company reported owning 2,933K shares, representing decline of 1.62%. The company increased its portfolio allocation in TILE by 108.59% during the last quarter.
CALF – Pacer US Small Cap Cash Cows 100 ETF holds 2,847K shares representing 4.88% ownership of the company. In its previous filing, the company reported owning 1,332K shares, representing an increase of 53.22%. The company increased its portfolio allocation in TILE by 52.44% during 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 clients 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 is committed to operating in a way that is restorative to the planet and creates a climate suitable for life.
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This story originally appeared on Fintel.
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