Interface, Inc. $TILE Stake Boosted by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in Interface, Inc. by 11.1%, now owning approximately 3.80% of the company, valued at around $43.9 million.
• Interface's shares received a price upgrade from Barrington Research, raising their target from $30.00 to $32.00, reflecting a consensus "Buy" rating among analysts.
• The company announced a $0.02 dividend to be paid on September 12th, with a current payout ratio of 4.94%.

American Century Companies Inc. increased its position in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 11.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,214,325 shares of the textile maker's stock after purchasing an additional 222,029 shares during the quarter. American Century Companies Inc. owned 3.80% of Interface worth $43,932,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sei Investments Co. lifted its stake in Interface by 0.9% in the first quarter. Sei Investments Co. now owns 64,897 shares of the textile maker's stock valued at $1,288,000 after buying an additional 568 shares during the last quarter. Versant Capital Management Inc lifted its stake in Interface by 49.6% in the first quarter. Versant Capital Management Inc now owns 2,458 shares of the textile maker's stock valued at $49,000 after buying an additional 815 shares during the last quarter. New York State Common Retirement Fund lifted its stake in Interface by 7.3% in the first quarter. New York State Common Retirement Fund now owns 16,184 shares of the textile maker's stock valued at $321,000 after buying an additional 1,100 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Interface by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,633 shares of the textile maker's stock valued at $795,000 after buying an additional 1,123 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Interface by 2.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 59,340 shares of the textile maker's stock valued at $1,445,000 after buying an additional 1,483 shares during the last quarter. 98.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Transactions at Interface

In related news, VP Stansfield Nigel sold 79,497 shares of Interface stock in a transaction dated Wednesday, August 6th. The stock was 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 $1,667,200. The trade was a 54.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP James Poppens sold 19,474 shares of Interface stock in a transaction dated Thursday, May 29th. The stock was 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 in the company, valued at $2,621,059.88. This represents a 13.02% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,497 shares of company stock worth $2,568,613. 2.60% of the stock is owned by corporate insiders.

Interface Price Performance

NASDAQ:TILE traded up $0.24 during mid-day trading on Tuesday, reaching $26.92. 272,356 shares of the stock were exchanged, compared to its average volume of 445,108. The business has a fifty day moving average price of $22.87 and a 200 day moving average price of $20.93. The firm has a market capitalization of $1.57 billion, a PE ratio of 16.62, a PEG ratio of 1.05 and a beta of 2.00. Interface, Inc. has a 1-year low of $17.24 and a 1-year high of $27.34. The company has a current ratio of 2.88, a quick ratio of 1.59 and a debt-to-equity ratio of 0.53.

Interface (NASDAQ:TILE - Get Free Report) last released its 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 analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company earned $0.40 earnings per share. Interface has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts expect that Interface, Inc. will post 1.37 earnings per share for the current fiscal year.

Interface Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, August 29th. Interface's payout ratio is presently 2.47%.

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.