Strs Ohio Takes Position in Interface, Inc. $TILE

Key Points

• Strs Ohio has acquired a new stake in Interface, Inc. by purchasing 24,600 shares valued at approximately $488,000 in the first quarter.
• Analysts have upgraded Interface's rating, with Wall Street Zen moving it to a "strong-buy" and Barrington Research setting a price target of $32.00 on the stock.
• In recent insider transactions, VP Stansfield Nigel sold 79,497 shares, representing a 54.97% decrease in their ownership, while total insider sales for the quarter amounted to 109,497 shares.

Strs Ohio purchased a new position in Interface, Inc. (NASDAQ:TILE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 24,600 shares of the textile maker's stock, valued at approximately $488,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TILE. Versant Capital Management Inc boosted its holdings in Interface by 49.6% in the 1st quarter. Versant Capital Management Inc now owns 2,458 shares of the textile maker's stock worth $49,000 after acquiring an additional 815 shares during the period. Virtus Advisers LLC purchased a new position in shares of Interface during the 1st quarter valued at approximately $57,000. Martingale Asset Management L P purchased a new position in shares of Interface during the 1st quarter valued at approximately $260,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Interface by 56.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 14,649 shares of the textile maker's stock valued at $291,000 after buying an additional 5,299 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Interface during the 1st quarter valued at approximately $303,000. Hedge funds and other institutional investors own 98.34% of the company's stock.

Interface Price Performance

TILE stock traded up $0.17 during trading hours on Monday, hitting $29.73. 372,144 shares of the stock traded hands, compared to its average volume of 486,795. The stock has a 50-day simple moving average of $25.47 and a 200 day simple moving average of $21.87. Interface, Inc. has a one year low of $17.24 and a one year high of $30.20. The company has a market cap of $1.74 billion, a P/E ratio of 18.35, a P/E/G ratio of 1.16 and a beta of 2.11. The company has a current ratio of 2.88, a quick ratio of 1.59 and a debt-to-equity ratio of 0.53.

Interface (NASDAQ:TILE - Get Free Report) last announced its earnings results on Friday, August 1st. The textile maker reported $0.60 earnings per share for the quarter, beating 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 business posted $0.40 earnings per share. The company'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. Equities analysts forecast that Interface, Inc. will post 1.37 earnings per share for the current year.

Interface Announces Dividend

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

Insider Activity at Interface

In related news, CFO Bruce Andrew Hausmann sold 25,000 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $26.95, for a total value of $673,750.00. Following the completion of the transaction, the chief financial officer owned 145,403 shares in the company, valued at $3,918,610.85. This trade represents a 14.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Stansfield Nigel sold 79,497 shares of the firm's stock in a transaction dated 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 owned 65,125 shares of the company's stock, valued at $1,667,200. The trade was a 54.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 109,497 shares of company stock worth $2,839,573 in the last quarter. 2.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TILE shares. Wall Street Zen upgraded Interface from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Barrington Research restated an "outperform" rating and set a $32.00 price objective on shares of Interface in a research note on Friday, August 29th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Interface currently has a consensus 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.