Northern Trust Corp Has $13.04 Million Holdings in Interface, Inc. $TILE

Northern Trust Corp lessened its position in shares of Interface, Inc. (NASDAQ:TILE) by 1.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 657,288 shares of the textile maker’s stock after selling 8,249 shares during the quarter. Northern Trust Corp owned approximately 1.13% of Interface worth $13,041,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of TILE. Virtus Fund Advisers LLC bought a new position in shares of Interface during the 4th quarter worth approximately $48,000. Versant Capital Management Inc lifted its position in shares of Interface by 49.6% during the 1st quarter. Versant Capital Management Inc now owns 2,458 shares of the textile maker’s stock worth $49,000 after buying an additional 815 shares during the period. Bayesian Capital Management LP bought a new position in shares of Interface during the 4th quarter worth approximately $217,000. PharVision Advisers LLC bought a new position in shares of Interface during the 4th quarter worth approximately $223,000. Finally, Allspring Global Investments Holdings LLC lifted its position 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 worth $291,000 after buying an additional 5,299 shares during the period. Institutional investors and hedge funds own 98.34% of the company’s stock.

Insider Buying and Selling at Interface

In other Interface news, CFO Bruce Andrew Hausmann sold 25,000 shares of the business’s stock in a transaction dated 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 directly owned 145,403 shares of the company’s stock, valued at approximately $3,918,610.85. The trade was a 14.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stansfield Nigel sold 79,497 shares of the business’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 transaction, the vice president directly owned 65,125 shares of the company’s stock, valued at approximately $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. Over the last ninety days, insiders sold 109,497 shares of company stock valued at $2,839,573. Company insiders own 2.60% of the company’s stock.

Interface Trading Up 0.7%

TILE stock opened at $26.69 on Thursday. The company has a market cap of $1.56 billion, a P/E ratio of 16.48, a PEG ratio of 1.05 and a beta of 2.11. Interface, Inc. has a twelve month low of $17.24 and a twelve month high of $27.34. The company has a quick ratio of 1.59, a current ratio of 2.88 and a debt-to-equity ratio of 0.53. The business has a fifty day moving average of $23.63 and a 200-day moving average of $21.11.

Interface (NASDAQ:TILE) last announced its quarterly earnings data on Friday, August 1st. The textile maker reported $0.60 EPS for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the firm earned $0.40 earnings per share. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. Interface has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts expect that Interface, Inc. will post 1.37 EPS for the current year.

Interface Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, August 29th. Interface’s payout ratio is presently 4.94%.

Analysts Set New Price Targets

Several equities analysts recently commented on TILE shares. Barrington Research restated an “outperform” rating and set a $32.00 target price 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 research report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $32.00.

About Interface

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.