Nuveen LLC Invests $15.51 Million in Interface, Inc. $TILE

Key Points

• Nuveen LLC acquired a new stake in Interface, Inc., purchasing 781,500 shares for approximately $15.5 million, representing 1.34% of the company's stock.
• Analysts have recently upgraded Interface's stock, with Wall Street Zen raising its rating to "strong-buy" and Barrington Research increasing the price target to $32.00.
• Interface's quarterly earnings exceeded expectations, reporting $0.60 earnings per share and revenue of $375.52 million, marking an 8.3% year-over-year increase.

Nuveen LLC acquired a new stake in Interface, Inc. (NASDAQ:TILE - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 781,500 shares of the textile maker's stock, valued at approximately $15,505,000. Nuveen LLC owned 1.34% of Interface at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Interface by 0.7% in the first quarter. Vanguard Group Inc. now owns 6,159,773 shares of the textile maker's stock valued at $122,210,000 after acquiring an additional 43,309 shares in the last quarter. Congress Asset Management Co. acquired a new stake in shares of Interface in the 1st quarter valued at approximately $44,969,000. Hood River Capital Management LLC acquired a new stake in Interface during the 4th quarter worth approximately $28,897,000. GW&K Investment Management LLC boosted its position in Interface by 15.0% during the 1st quarter. GW&K Investment Management LLC now owns 1,183,961 shares of the textile maker's stock worth $23,490,000 after buying an additional 154,872 shares during the period. Finally, Northern Trust Corp boosted its position in Interface by 11.6% during the 4th quarter. Northern Trust Corp now owns 665,537 shares of the textile maker's stock worth $16,206,000 after buying an additional 69,417 shares during the period. 98.34% of the stock is owned by institutional investors.

Insider Transactions at Interface

In other news, VP James Poppens sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $26.14, for a total value of $130,700.00. Following the transaction, the vice president owned 124,616 shares in the company, valued at $3,257,462.24. This represents a 3.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Stansfield Nigel sold 79,497 shares of the stock in a transaction that occurred on 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 completion of the transaction, the vice president owned 65,125 shares in the company, valued at $1,667,200. This trade represents a 54.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,497 shares of company stock worth $2,568,613 over the last ninety days. Insiders own 2.60% of the company's stock.

Interface Price Performance

Interface stock traded up $0.24 during mid-day trading on Tuesday, hitting $26.92. 272,356 shares of the company traded hands, compared to its average volume of 445,108. Interface, Inc. has a one year low of $17.24 and a one year high of $27.34. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 1.05 and a beta of 2.00. 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 stock has a fifty day moving average price of $22.87 and a 200-day moving average price of $20.93.

Interface (NASDAQ:TILE - Get Free Report) last announced its quarterly earnings data 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 net margin of 7.08% and a return on equity of 18.97%. The firm had revenue of $375.52 million during the quarter, compared to analyst estimates of $360.57 million. During the same period in the previous year, the business posted $0.40 EPS. The business's quarterly 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. On average, equities analysts predict that Interface, Inc. will post 1.37 earnings per share for the current fiscal year.

Interface Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, September 12th. Stockholders 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 dividend payout ratio is currently 2.47%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Interface from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. Barrington Research boosted their price target on shares of 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, Based on data from MarketBeat, Interface has a consensus rating of "Buy" and a consensus price target 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.