Matthew 25 Management Corp Reduces Holdings in Interface, Inc. $TILE

Key Points

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Matthew 25 Management Corp reduced its holdings in Interface, Inc. (NASDAQ:TILE - Free Report) by 8.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 555,000 shares of the textile maker's stock after selling 54,000 shares during the quarter. Interface comprises 4.1% of Matthew 25 Management Corp's holdings, making the stock its 13th largest holding. Matthew 25 Management Corp owned 0.95% of Interface worth $11,011,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Sei Investments Co. increased its holdings in Interface by 0.9% in the first quarter. Sei Investments Co. now owns 64,897 shares of the textile maker's stock worth $1,288,000 after purchasing an additional 568 shares in the last quarter. Versant Capital Management Inc increased its holdings in Interface by 49.6% in the first quarter. Versant Capital Management Inc now owns 2,458 shares of the textile maker's stock worth $49,000 after purchasing an additional 815 shares in the last quarter. Bank of Montreal Can increased its holdings in Interface by 4.2% in the fourth quarter. Bank of Montreal Can now owns 21,870 shares of the textile maker's stock worth $533,000 after purchasing an additional 891 shares in the last quarter. New York State Common Retirement Fund increased its holdings 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 worth $321,000 after purchasing an additional 1,100 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 worth $795,000 after purchasing an additional 1,123 shares in the last quarter. 98.34% of the stock is currently owned by institutional investors.

Insider Activity at Interface

In other Interface news, VP Stansfield Nigel sold 79,497 shares of the business's stock in a transaction 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 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 filing with the SEC, which is available through the SEC website. Also, VP James Poppens sold 19,474 shares of the business's stock in a transaction 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 sale, the vice president owned 130,142 shares in the company, valued at approximately $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 ninety days, insiders have sold 104,497 shares of company stock worth $2,568,613. 2.60% of the stock is owned by insiders.

Interface Stock Up 4.2%

Interface stock traded up $1.10 during mid-day trading on Friday, reaching $27.26. The stock had a trading volume of 396,356 shares, compared to its average volume of 436,213. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.59 and a current ratio of 2.88. Interface, Inc. has a fifty-two week low of $17.24 and a fifty-two week high of $27.34. The stock's 50-day simple moving average is $22.61 and its 200-day simple moving average is $20.86. The firm has a market capitalization of $1.59 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 1.07 and a beta of 2.00.

Interface (NASDAQ:TILE - Get Free Report) last announced its earnings results on Friday, August 1st. The textile maker reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.13. The company had revenue of $375.52 million for the quarter, compared to analysts' expectations of $360.57 million. Interface had a return on equity of 18.97% and a net margin of 7.08%.Interface's quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.40 earnings per share. Interface has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Interface Dividend Announcement

The business also recently announced 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 payout ratio is presently 2.47%.

Analyst Ratings Changes

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