CW Advisors LLC Takes Position in Interface, Inc. $TILE

Key Points

• CW Advisors LLC has acquired a significant stake in Interface, Inc., purchasing 312,922 shares valued at approximately $6.2 million, which constitutes 0.54% of the company.
• Analysts have upgraded Interface's stock to a "strong-buy" rating, with a new price target of $32.00, reflecting positive sentiment and increasing investor interest.
• Interface recently reported earnings per share of $0.60, surpassing estimates, and declared a $0.02 dividend to be paid on September 12th.

CW Advisors LLC bought a new position in shares of Interface, Inc. (NASDAQ:TILE - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 312,922 shares of the textile maker's stock, valued at approximately $6,208,000. CW Advisors LLC owned approximately 0.54% of Interface as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in TILE. Wells Fargo & Company MN increased its position in shares of Interface by 29.9% during the fourth quarter. Wells Fargo & Company MN now owns 33,114 shares of the textile maker's stock worth $806,000 after purchasing an additional 7,618 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Interface by 26.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 25,794 shares of the textile maker's stock worth $628,000 after buying an additional 5,332 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Interface during the fourth quarter worth about $2,498,000. Mariner LLC grew its holdings in shares of Interface by 12.7% during the fourth quarter. Mariner LLC now owns 25,898 shares of the textile maker's stock worth $631,000 after buying an additional 2,913 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of Interface by 16.8% during the fourth quarter. Marshall Wace LLP now owns 49,866 shares of the textile maker's stock worth $1,214,000 after buying an additional 7,167 shares during the last quarter. Institutional investors and hedge funds own 98.34% of the company's stock.

Interface Price Performance

Shares of Interface stock traded up $0.19 during trading on Wednesday, hitting $27.11. 286,691 shares of the company were exchanged, compared to its average volume of 450,646. 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, Inc. has a fifty-two week low of $17.24 and a fifty-two week high of $27.34. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 16.73, a P/E/G ratio of 1.05 and a beta of 2.00. The firm has a 50 day moving average price of $22.87 and a 200 day moving average price of $20.93.

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

Interface Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, September 12th. Investors 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. Interface's dividend payout ratio is 4.94%.

Analyst Ratings Changes

TILE has been the topic of a number of research reports. Barrington Research raised their price target on Interface from $30.00 to $32.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Wall Street Zen raised Interface from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $32.00.

Insiders Place Their Bets

In related news, VP James Poppens sold 5,000 shares of the company's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $26.14, for a total transaction of $130,700.00. Following the completion of the sale, the vice president directly owned 124,616 shares of the company's stock, valued at approximately $3,257,462.24. This represents a 3.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stansfield Nigel sold 79,497 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $25.60, for a total value of $2,035,123.20. Following the sale, the vice president owned 65,125 shares of the company's stock, valued at $1,667,200. This represents a 54.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,497 shares of company stock valued at $2,568,613. 2.60% of the stock is owned by corporate insiders.

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.