Interface, Inc. $TILE Shares Sold by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Interface, Inc. by 13.0%, selling 107,866 shares and holding 725,064 shares valued at $14.39 million.
• Several hedge funds have increased their stakes in Interface, with Versant Capital Management Inc. seeing a significant 49.6% increase in ownership during the last quarter.
• Interface reported earnings of $0.60 per share, beating expectations of $0.47, with an annual revenue growth of 8.3% year-over-year.

Charles Schwab Investment Management Inc. trimmed its stake in Interface, Inc. (NASDAQ:TILE - Free Report) by 13.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 725,064 shares of the textile maker's stock after selling 107,866 shares during the period. Charles Schwab Investment Management Inc. owned about 1.24% of Interface worth $14,385,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Virtus Fund Advisers LLC purchased a new stake in shares of Interface in the 4th quarter valued at approximately $48,000. Versant Capital Management Inc raised its stake in shares of Interface by 49.6% in the 1st quarter. Versant Capital Management Inc now owns 2,458 shares of the textile maker's stock valued at $49,000 after acquiring an additional 815 shares during the period. Bayesian Capital Management LP purchased a new stake in shares of Interface in the 4th quarter valued at approximately $217,000. PharVision Advisers LLC purchased a new stake in Interface during the 4th quarter worth approximately $223,000. Finally, Allspring Global Investments Holdings LLC increased its stake in Interface by 56.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 14,649 shares of the textile maker's stock worth $291,000 after buying an additional 5,299 shares during the period. 98.34% of the stock is owned by hedge funds and other institutional investors.

Interface Stock Down 1.9%

Shares of NASDAQ TILE traded down $0.51 during mid-day trading on Thursday, reaching $26.61. The company had a trading volume of 120,835 shares, compared to its average volume of 449,110. The company has a current ratio of 2.88, a quick ratio of 1.59 and a debt-to-equity ratio of 0.53. The firm has a 50 day simple moving average of $23.01 and a two-hundred day simple moving average of $20.97. The stock has a market cap of $1.55 billion, a P/E ratio of 16.43, a PEG ratio of 1.06 and a beta of 2.00. Interface, Inc. has a 52-week low of $17.24 and a 52-week high of $27.34.

Interface (NASDAQ:TILE - Get Free Report) last posted its earnings results on Friday, August 1st. The textile maker reported $0.60 EPS for the quarter, beating 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 net margin of 7.08% and a return on equity of 18.97%. The company's revenue was up 8.3% on a year-over-year basis. During the same period last year, the firm posted $0.40 EPS. Interface has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts predict that Interface, Inc. will post 1.37 earnings per share for the current year.

Interface Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, August 29th. Interface's dividend payout ratio (DPR) is presently 2.47%.

Insider Buying and Selling at Interface

In other Interface news, VP Stansfield Nigel sold 79,497 shares of the firm'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 transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP James Poppens sold 5,000 shares of the firm's stock in a transaction 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 transaction, the vice president directly 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 a total of 85,023 shares of company stock worth $2,176,406 over the last three months. 2.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Interface from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Barrington Research upped their target price on shares of Interface from $30.00 to $32.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $32.00.

Interface Company 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.