Interface, Inc. $TILE Shares Bought by Bridgeway Capital Management LLC

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 grew its position in Interface, Inc. (NASDAQ:TILE - Free Report) by 13.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,766 shares of the textile maker's stock after buying an additional 22,700 shares during the quarter. Bridgeway Capital Management LLC owned 0.33% of Interface worth $3,805,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of TILE. Vanguard Group Inc. increased its stake in Interface by 0.7% during the first quarter. Vanguard Group Inc. now owns 6,159,773 shares of the textile maker's stock worth $122,210,000 after purchasing an additional 43,309 shares during the period. Congress Asset Management Co. purchased a new position in shares of Interface in the first quarter valued at approximately $44,969,000. American Century Companies Inc. grew its holdings in shares of Interface by 11.1% in the first quarter. American Century Companies Inc. now owns 2,214,325 shares of the textile maker's stock valued at $43,932,000 after purchasing an additional 222,029 shares in the last quarter. GW&K Investment Management LLC increased its stake in Interface by 15.0% during the 1st quarter. GW&K Investment Management LLC now owns 1,183,961 shares of the textile maker's stock worth $23,490,000 after buying an additional 154,872 shares during the period. Finally, Nuveen LLC acquired a new stake in Interface during the 1st quarter worth approximately $15,505,000. Institutional investors and hedge funds own 98.34% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Interface

In related news, CFO Bruce Andrew Hausmann sold 25,000 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $26.95, for a total value of $673,750.00. Following the transaction, the chief financial officer directly owned 145,403 shares of the company's stock, valued at $3,918,610.85. This trade represents a 14.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Stansfield Nigel sold 79,497 shares of the business's stock in a transaction 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 of the company's stock, valued at approximately $1,667,200. This trade represents a 54.97% 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 over the last three months. Insiders own 2.30% of the company's stock.

Interface Stock Down 3.9%

Shares of Interface stock traded down $1.09 during trading on Tuesday, hitting $27.04. 353,239 shares of the stock were exchanged, compared to its average volume of 447,787. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 16.69, a price-to-earnings-growth ratio of 1.11 and a beta of 2.11. The firm's 50-day moving average price is $24.16 and its 200 day moving average price is $21.25. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.88 and a quick ratio of 1.59. Interface, Inc. has a 12-month low of $17.24 and a 12-month high of $28.32.

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

Interface Dividend Announcement

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

Interface 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.