Landscape Capital Management L.L.C. Sells 76,912 Shares of Interface, Inc. $TILE

Key Points

• Landscape Capital Management significantly reduced its stake in Interface, Inc. by 79.2%, owning 20,174 shares worth $400,000 after selling 76,912 shares.
• Interface reported a $0.60 earnings per share for the last quarter, exceeding analysts' expectations of $0.47, along with an 8.3% increase in year-over-year revenue.
• The company has declared a quarterly dividend of $0.02 per share, with a low yield of 0.3% and a dividend payout ratio of 4.94%.

Landscape Capital Management L.L.C. lowered its position in Interface, Inc. (NASDAQ:TILE - Free Report) by 79.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 20,174 shares of the textile maker's stock after selling 76,912 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Interface were worth $400,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Virtus Advisers LLC purchased a new stake in Interface in the 1st quarter worth about $57,000. Northwestern Mutual Wealth Management Co. increased its holdings in Interface by 135.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 19,778 shares of the textile maker's stock worth $392,000 after acquiring an additional 11,365 shares during the last quarter. CW Advisors LLC purchased a new stake in Interface in the 1st quarter worth about $6,208,000. Martingale Asset Management L P purchased a new stake in Interface in the 1st quarter worth about $260,000. Finally, American Century Companies Inc. increased its holdings in Interface by 11.1% in the 1st quarter. American Century Companies Inc. now owns 2,214,325 shares of the textile maker's stock worth $43,932,000 after acquiring an additional 222,029 shares during the last quarter. Hedge funds and other institutional investors own 98.34% of the company's stock.

Analysts Set New Price Targets

TILE has been the subject of several recent research reports. Wall Street Zen raised Interface from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. Barrington Research reissued an "outperform" rating and issued a $32.00 price objective on shares of Interface in a report on Friday, August 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $32.00.

Interface Price Performance

TILE stock traded up $0.19 during mid-day trading on Wednesday, reaching $26.69. 494,802 shares of the company traded hands, compared to its average volume of 361,286. 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 company has a market capitalization of $1.56 billion, a P/E ratio of 16.48, a P/E/G ratio of 1.05 and a beta of 2.11. Interface, Inc. has a 52-week low of $17.24 and a 52-week high of $27.34. The company has a fifty day moving average price of $23.63 and a 200-day moving average price of $21.11.

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, beating analysts' consensus estimates of $0.47 by $0.13. The business had revenue of $375.52 million during 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 company's quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 EPS. Interface has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts anticipate that Interface, Inc. will post 1.37 earnings per share for the current year.

Interface Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, August 29th. Interface's dividend payout ratio (DPR) is 4.94%.

Insider Activity

In other news, VP James Poppens sold 5,000 shares of Interface stock in a transaction dated Thursday, August 21st. The stock was 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 owned 124,616 shares in the company, valued at approximately $3,257,462.24. This trade represents a 3.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Stansfield Nigel sold 79,497 shares of Interface 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 approximately $1,667,200. This trade represents a 54.97% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 109,497 shares of company stock worth $2,839,573. 2.60% of the stock is currently owned by insiders.

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.