Matthew 25 Management Reduces Interface Stake by $2.38 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: Fool
- Stake Reduction: Matthew 25 Management sold 200,000 shares of Interface during Q3, reducing its stake by approximately $2.38 million, indicating a cautious outlook on the company's future performance.
- Remaining Holdings: Post-sale, the fund retains 225,000 shares valued at $6.51 million, suggesting some confidence in the company while potentially adjusting its investment strategy.
- Market Performance: Interface shares are currently priced at $27.98, reflecting a 14% increase over the past year, although this slightly underperforms the S&P 500's 16% growth, indicating mixed market sentiment regarding its growth potential.
- Financial Performance: Interface reported Q3 revenue of $364.5 million, up nearly 6% year-over-year, with GAAP EPS soaring 63% to $0.78, showcasing the company's strong execution in sustainability and pricing power amidst a competitive landscape.
TILE
$27.97+Infinity%1D
Analyst Views on TILE
Wall Street analysts forecast TILE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TILE is 32.00 USD with a low forecast of 32.00 USD and a high forecast of 32.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 27.930
Low
32.00
Averages
32.00
High
32.00
Current: 27.930
Low
32.00
Averages
32.00
High
32.00
About TILE
Interface, Inc. is a global flooring company. The Company offers an integrated portfolio of carbon neutral carpet tile and resilient flooring products that includes Interface carpet tile and luxury vinyl tile (LVT), nora rubber flooring, and FLOR premium area rugs for commercial and residential spaces. Its segments include Americas (AMS) and Europe, Africa, Asia and Australia (EAAA). The AMS segment includes the United States, Canada and Latin America geographic areas. It markets modular carpets under the brand names Interface and FLOR. It produces carpet tiles in a range of colors, patterns, textures, pile heights and densities. These varieties are designed to meet both the practical and aesthetic needs of commercial interiors. The Company offers a category of products, namely modular resilient flooring, and its products include LVT. It offers rubber flooring products under the noraplan and norament brands, which are included in its resilient flooring portfolio.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
