Bridgeway Capital Management LLC Buys 22,700 Shares of Interface, Inc. $TILE

Key Points

• Bridgeway Capital Management LLC increased its holdings in Interface, Inc. by 13.4% during the first quarter, acquiring an additional 22,700 shares, bringing its total to 191,766 shares valued at approximately $3.8 million.
• Several large investors are actively buying shares, with Allspring Global Investments Holdings boosting its stake by 56.7% and Envestnet Asset Management increasing theirs by 277.1%.
• Interface's stock received recent upgrades from analysts, with a price target set at $32.00 and an overall rating of "Buy," indicating strong growth potential for the company.

Bridgeway Capital Management LLC lifted its position in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 13.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 191,766 shares of the textile maker's stock after purchasing an additional 22,700 shares during the quarter. Bridgeway Capital Management LLC owned about 0.33% of Interface worth $3,805,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Congress Asset Management Co. bought a new stake in shares of Interface during the 1st quarter valued at $44,969,000. Nuveen LLC purchased a new position in Interface during the 1st quarter valued at about $15,505,000. Pacer Advisors Inc. bought a new stake in Interface during the first quarter worth about $8,635,000. Nuveen Asset Management LLC grew its holdings in Interface by 170.3% in the fourth quarter. Nuveen Asset Management LLC now owns 641,730 shares of the textile maker's stock worth $15,626,000 after purchasing an additional 404,277 shares during the period. Finally, CW Advisors LLC bought a new position in shares of Interface during the first quarter valued at approximately $6,208,000. Institutional investors own 98.34% of the company's stock.

Insider Transactions at Interface

In related news, VP Stansfield Nigel sold 79,497 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $25.60, for a total transaction of $2,035,123.20. Following the completion of the sale, the vice president directly owned 65,125 shares in the company, valued at approximately $1,667,200. The trade was a 54.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP James Poppens sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $26.14, for a total transaction of $130,700.00. Following the completion of the transaction, the vice president owned 124,616 shares in the company, valued at $3,257,462.24. The trade was a 3.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 109,497 shares of company stock worth $2,839,573 in the last quarter. Company insiders own 2.30% of the company's stock.

Interface Stock Performance

Shares of NASDAQ TILE traded up $1.25 during trading on Thursday, reaching $28.64. 585,235 shares of the company traded hands, compared to its average volume of 363,700. The firm has a 50 day simple moving average of $24.41 and a 200-day simple moving average of $21.34. Interface, Inc. has a 52-week low of $17.24 and a 52-week high of $28.68. The stock has a market capitalization of $1.67 billion, a PE ratio of 17.68, a P/E/G ratio of 1.07 and a beta of 2.11. The company has a quick ratio of 1.59, a current ratio of 2.88 and a debt-to-equity ratio of 0.53.

Interface (NASDAQ:TILE - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The textile maker reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.13. The firm had revenue of $375.52 million for 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 company's revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the business posted $0.40 EPS. Interface has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts anticipate that Interface, Inc. will post 1.37 earnings per share for the current year.

Interface Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.08 annualized dividend and a dividend yield of 0.3%. Interface's dividend payout ratio is presently 4.94%.

Analyst Ratings Changes

A number of brokerages have recently commented on TILE. Barrington Research reissued an "outperform" rating and issued a $32.00 price target on shares of Interface in a research report on Friday, August 29th. Wall Street Zen upgraded Interface from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Interface has an average rating of "Buy" and a consensus target price of $32.00.

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.