Public Sector Pension Investment Board Purchases 39,595 Shares of Interface, Inc. $TILE

Key Points

• The Public Sector Pension Investment Board increased its stake in Interface, Inc. ($TILE) by 27.3%, owning a total of 184,887 shares worth approximately $3.67 million.
• Interface reported a $0.60 earnings per share for the last quarter, exceeding analysts' expectations of $0.47, and experienced an 8.3% year-over-year revenue increase.
• The company has announced a dividend of $0.02 per share to be paid on September 12th, with a dividend payout ratio of 2.47%.

Public Sector Pension Investment Board boosted its position in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 27.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 184,887 shares of the textile maker's stock after purchasing an additional 39,595 shares during the period. Public Sector Pension Investment Board owned 0.32% of Interface worth $3,668,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Nuveen LLC bought a new position in Interface during the first quarter valued at about $15,505,000. Townsquare Capital LLC bought a new position in Interface during the first quarter valued at about $2,719,000. Vanguard Group Inc. raised its holdings in Interface by 0.7% during the first quarter. Vanguard Group Inc. now owns 6,159,773 shares of the textile maker's stock valued at $122,210,000 after buying an additional 43,309 shares in the last quarter. Jupiter Asset Management Ltd. raised its holdings in Interface by 28.5% during the first quarter. Jupiter Asset Management Ltd. now owns 343,102 shares of the textile maker's stock valued at $6,807,000 after buying an additional 76,103 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in Interface during the first quarter valued at about $303,000. 98.34% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Stansfield Nigel sold 79,497 shares of the business's 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 in the company, valued at $1,667,200. The trade was a 54.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP James Poppens sold 19,474 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $20.14, for a total value of $392,206.36. Following the transaction, the vice president owned 130,142 shares in the company, valued at $2,621,059.88. This represents a 13.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 104,497 shares of company stock worth $2,568,613 over the last 90 days. Corporate insiders own 2.30% of the company's stock.

Interface Stock Performance

Shares of Interface stock traded up $1.10 during trading on Friday, reaching $27.26. The company's stock had a trading volume of 396,356 shares, compared to its average volume of 430,229. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.59 and a current ratio of 2.88. The business's fifty day moving average price is $22.61 and its 200-day moving average price is $20.90. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 16.83, a price-to-earnings-growth ratio of 1.03 and a beta of 2.00. Interface, Inc. has a one year low of $17.24 and a one year high of $27.34.

Interface (NASDAQ:TILE - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The textile maker reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.13. The business 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%.The firm's revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 earnings per share. Interface has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts predict that Interface, Inc. will post 1.37 earnings per share for the current year.

Interface Dividend Announcement

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

Analysts Set New Price Targets

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