Trexquant Investment LP Acquires 16,689 Shares of Interface, Inc. $TILE

Key Points

• Trexquant Investment LP increased its stake in Interface, Inc. by 6.9%, owning a total of 257,283 shares worth approximately $5.1 million, as part of a broader trend of institutional investors raising their holdings in the company.
• Interface reported earnings of $0.60 per share for the last quarter, exceeding analysts' expectations, and revealed a revenue increase of 8.3% year-over-year to $375.52 million.
• The company announced a quarterly dividend of $0.02 per share, with a yield of 0.3%, underscoring its commitment to returning value to shareholders.

Trexquant Investment LP boosted its holdings in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 6.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 257,283 shares of the textile maker's stock after buying an additional 16,689 shares during the quarter. Trexquant Investment LP owned approximately 0.44% of Interface worth $5,104,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TILE. Congress Asset Management Co. acquired a new position in Interface during the first quarter worth approximately $44,969,000. Nuveen LLC acquired a new position in Interface during the first quarter worth approximately $15,505,000. Pacer Advisors Inc. acquired a new position in Interface during the first quarter worth approximately $8,635,000. Nuveen Asset Management LLC increased its position in Interface by 170.3% during the fourth quarter. Nuveen Asset Management LLC now owns 641,730 shares of the textile maker's stock worth $15,626,000 after buying an additional 404,277 shares during the last quarter. Finally, CW Advisors LLC acquired a new position in Interface during the first quarter worth approximately $6,208,000. Institutional investors and hedge funds own 98.34% of the company's stock.

Interface Stock Performance

Shares of NASDAQ:TILE traded up $1.19 during trading on Thursday, reaching $27.88. 513,797 shares of the stock were exchanged, compared to its average volume of 449,613. Interface, Inc. has a 12 month low of $17.24 and a 12 month high of $27.91. The firm has a market cap of $1.63 billion, a PE ratio of 17.21, a PEG ratio of 1.05 and a beta of 2.11. The stock has a 50-day moving average price of $23.63 and a 200-day moving average price of $21.11. 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 issued its quarterly earnings data on Friday, August 1st. The textile maker reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.13. The company had revenue of $375.52 million during 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%.The business's revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 earnings per share. Interface has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts expect that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Interface Announces Dividend

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

Insider Transactions at Interface

In other 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 transaction of $673,750.00. Following the sale, the chief financial officer directly owned 145,403 shares of the company's stock, valued at approximately $3,918,610.85. This represents a 14.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP James Poppens sold 5,000 shares of the company's 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 sale, the vice president directly owned 124,616 shares of the company's stock, valued at $3,257,462.24. This represents a 3.86% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 109,497 shares of company stock valued at $2,839,573. 2.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Barrington Research reissued an "outperform" rating and set a $32.00 price target on shares of Interface in a research report on Friday, August 29th. Wall Street Zen upgraded Interface from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $32.00.

Interface 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.