RHS Financial LLC Invests $212,000 in Interface, Inc. $TILE

Key Points

• RHS Financial LLC invested $212,000 in Interface, Inc. by purchasing 10,116 shares during the 2nd quarter, amidst increasing institutional interest in the stock.
• Interface, Inc. reported a quarterly earnings per share (EPS) of $0.60, surpassing the consensus estimate of $0.47, with revenues increasing by 8.3% year-over-year to $375.52 million.
• The company announced a quarterly dividend of $0.02 per share, reflecting a dividend yield of 0.3% and a payout ratio of 4.94%.

RHS Financial LLC purchased a new stake in shares of Interface, Inc. (NASDAQ:TILE - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 10,116 shares of the textile maker's stock, valued at approximately $212,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Nuveen LLC acquired a new stake in Interface in the first quarter valued at approximately $15,505,000. Pacer Advisors Inc. acquired a new stake in shares of Interface during the 1st quarter valued at $8,635,000. CW Advisors LLC acquired a new stake in shares of Interface during the 1st quarter valued at $6,208,000. American Century Companies Inc. grew its position in Interface by 11.1% during 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. Finally, Congress Asset Management Co. increased its holdings in Interface by 9.1% in the 2nd quarter. Congress Asset Management Co. now owns 2,473,541 shares of the textile maker's stock worth $51,771,000 after purchasing an additional 206,962 shares in the last quarter. Institutional investors own 98.34% of the company's stock.

Interface Stock Down 1.7%

Shares of NASDAQ:TILE opened at $26.22 on Monday. Interface, Inc. has a 1 year low of $17.24 and a 1 year high of $30.20. 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 business's 50-day moving average is $27.38 and its 200-day moving average is $22.69. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 16.19, a P/E/G ratio of 1.03 and a beta of 2.07.

Interface (NASDAQ:TILE - Get Free Report) last released its earnings results on Friday, August 1st. The textile maker reported $0.60 EPS for the quarter, topping the consensus estimate of $0.47 by $0.13. Interface had a return on equity of 18.97% and a net margin of 7.08%.The business had revenue of $375.52 million during the quarter, compared to analysts' expectations of $360.57 million. During the same quarter last year, the firm posted $0.40 earnings per share. The firm's 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. Equities research analysts predict that Interface, Inc. will post 1.37 earnings per share for the current year.

Interface Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.08 annualized dividend and a yield of 0.3%. Interface's dividend payout ratio is currently 4.94%.

Insiders Place Their Bets

In other Interface news, VP James Poppens sold 5,000 shares of Interface stock in a transaction 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 completion of the sale, the vice president directly owned 124,616 shares of the company's stock, valued at approximately $3,257,462.24. The trade was a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Stansfield Nigel sold 79,497 shares of the firm's 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 completion of the sale, the vice president owned 65,125 shares of the company's stock, valued at approximately $1,667,200. This represents a 54.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 109,497 shares of company stock worth $2,839,573. 2.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Zacks Research lowered Interface from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 30th. Weiss Ratings downgraded shares of Interface from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Interface from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. Finally, Barrington Research restated an "outperform" rating and issued a $32.00 price target on shares of Interface in a research report on Friday, August 29th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" 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.

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