Interface, Inc. $TILE Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its position in Interface, Inc. (NASDAQ:TILE) by 4.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 179,433 shares of the textile maker’s stock after selling 8,125 shares during the quarter. Rhumbline Advisers owned about 0.31% of Interface worth $3,560,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Virtus Fund Advisers LLC acquired a new position in shares of Interface during the fourth quarter valued at approximately $48,000. Versant Capital Management Inc increased its stake in shares of Interface by 49.6% during the first quarter. Versant Capital Management Inc now owns 2,458 shares of the textile maker’s stock valued at $49,000 after acquiring an additional 815 shares during the period. Virtus Advisers LLC acquired a new position in shares of Interface during the first quarter valued at approximately $57,000. PharVision Advisers LLC acquired a new position in shares of Interface during the fourth quarter valued at approximately $223,000. Finally, Martingale Asset Management L P bought a new stake in Interface during the first quarter worth approximately $260,000. Institutional investors and hedge funds own 98.34% of the company’s stock.

Wall Street Analysts Forecast Growth

TILE has been the subject of a number of research reports. Barrington Research restated an “outperform” rating and set a $32.00 target price on shares of Interface in a report on Friday, August 29th. Wall Street Zen upgraded shares of Interface from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $32.00.

Interface Trading Up 2.9%

Interface stock opened at $29.35 on Tuesday. The company has a 50 day moving average price of $24.69 and a 200 day moving average price of $21.49. Interface, Inc. has a 52 week low of $17.24 and a 52 week high of $29.42. 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 firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 18.12, a P/E/G ratio of 1.12 and a beta of 2.11.

Interface (NASDAQ:TILE) last posted 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 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 quarter last year, the business posted $0.40 EPS. The company’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. Research analysts forecast that Interface, Inc. will post 1.37 EPS for the current year.

Interface Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.3%. Interface’s dividend payout ratio (DPR) is 4.94%.

Insider Buying and Selling at Interface

In other Interface news, CFO Bruce Andrew Hausmann sold 25,000 shares of Interface stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $26.95, for a total transaction of $673,750.00. Following the completion of the sale, the chief financial officer owned 145,403 shares of the company’s stock, valued at $3,918,610.85. This trade represents a 14.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Stansfield Nigel sold 79,497 shares of the firm’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $25.60, for a total transaction of $2,035,123.20. Following the transaction, the vice president owned 65,125 shares in the company, valued at $1,667,200. This represents a 54.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold 109,497 shares of company stock valued at $2,839,573 in the last quarter. Company insiders own 2.60% of the company’s stock.

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.