Meros Investment Management LP Sells 13,296 Shares of Interface, Inc. $TILE

Key Points

• Meros Investment Management LP reduced its stake in Interface, Inc. by 3.1%, owning 411,498 shares valued at approximately $8.16 million.
• Interface's stock recently reported quarterly earnings of $0.60 EPS, exceeding estimates, with revenue of $375.52 million, reflecting an 8.3% year-over-year increase.
• The company announced a $0.02 dividend to be paid on September 12th, with a current dividend payout ratio of 2.47%.

Meros Investment Management LP cut its holdings in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 3.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 411,498 shares of the textile maker's stock after selling 13,296 shares during the period. Interface accounts for approximately 4.8% of Meros Investment Management LP's holdings, making the stock its 6th biggest holding. Meros Investment Management LP owned about 0.71% of Interface worth $8,164,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its position in shares of Interface by 29.9% during the 4th quarter. Wells Fargo & Company MN now owns 33,114 shares of the textile maker's stock worth $806,000 after buying an additional 7,618 shares during the period. Envestnet Asset Management Inc. raised its stake in Interface by 26.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 25,794 shares of the textile maker's stock valued at $628,000 after acquiring an additional 5,332 shares during the period. Bank of Montreal Can raised its stake in Interface by 4.2% in the 4th quarter. Bank of Montreal Can now owns 21,870 shares of the textile maker's stock valued at $533,000 after acquiring an additional 891 shares during the period. Raymond James Financial Inc. bought a new position in Interface during the 4th quarter worth $2,498,000. Finally, Mariner LLC grew its holdings in shares of Interface by 12.7% during the 4th quarter. Mariner LLC now owns 25,898 shares of the textile maker's stock worth $631,000 after purchasing an additional 2,913 shares in the last quarter. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TILE. Wall Street Zen raised Interface from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. Barrington Research lifted their price target on Interface from $30.00 to $32.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $32.00.

Interface Trading Down 0.7%

Shares of NASDAQ:TILE traded down $0.19 during trading hours on Thursday, hitting $26.26. 134,994 shares of the company's stock traded hands, compared to its average volume of 452,762. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.88 and a quick ratio of 1.59. The firm has a market capitalization of $1.53 billion, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 1.06 and a beta of 2.00. The business has a fifty day moving average price of $22.36 and a 200-day moving average price of $20.86. Interface, Inc. has a 1 year low of $17.24 and a 1 year 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 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.13. Interface had a return on equity of 18.97% and a net margin of 7.08%.The company had revenue of $375.52 million during the quarter, compared to analyst estimates of $360.57 million. During the same quarter in the prior year, the business earned $0.40 earnings per share. Interface's revenue was up 8.3% on a year-over-year basis. Interface has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts expect that Interface, Inc. will post 1.37 earnings per share for the current year.

Interface Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a $0.02 dividend. The ex-dividend date of this dividend is Friday, August 29th. Interface's payout ratio is presently 4.94%.

Insider Buying and Selling at Interface

In related news, VP Stansfield Nigel sold 79,497 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The stock was 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 in the company, valued at $1,667,200. This represents a 54.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP James Poppens sold 19,474 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $20.14, for a total value of $392,206.36. Following the completion of the transaction, the vice president directly owned 130,142 shares of the company's stock, valued at $2,621,059.88. The trade was a 13.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 99,497 shares of company stock valued at $2,437,913. Insiders own 2.30% of the company's stock.

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.