Harbor Capital Advisors Inc. Has $283,000 Position in Interface, Inc. $TILE

Harbor Capital Advisors Inc. reduced its stake in Interface, Inc. (NASDAQ:TILE) by 11.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 13,531 shares of the textile maker’s stock after selling 1,811 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Interface were worth $283,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted 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 purchasing an additional 815 shares during the last quarter. Virtus Advisers LLC acquired a new position in shares of Interface during the first quarter worth approximately $57,000. PharVision Advisers LLC acquired a new position in shares of Interface during the fourth quarter worth approximately $223,000. Martingale Asset Management L P acquired a new position in shares of Interface during the first quarter worth approximately $260,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Interface by 56.7% during the first 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 last quarter. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wall Street Zen upgraded Interface from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Barrington Research reiterated an “outperform” rating and issued a $32.00 price target on shares of Interface in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $32.00.

Interface Stock Performance

TILE opened at $29.56 on Friday. Interface, Inc. has a 12-month low of $17.24 and a 12-month high of $30.20. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 1.17 and a beta of 2.11. The business has a 50 day moving average of $25.30 and a 200-day moving average of $21.75. The company has a quick ratio of 1.59, a current ratio of 2.88 and a debt-to-equity ratio of 0.53.

Interface (NASDAQ:TILE) last released its quarterly earnings data on Friday, August 1st. The textile maker reported $0.60 earnings per share (EPS) for the quarter, beating 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 company had revenue of $375.52 million during the quarter, compared to analysts’ expectations of $360.57 million. During the same period last year, the firm posted $0.40 earnings per share. The business’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. On average, equities research analysts expect that Interface, Inc. will post 1.37 earnings per share for the current year.

Interface Dividend Announcement

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

Insider Activity

In related news, VP Stansfield Nigel sold 79,497 shares of Interface stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $25.60, for a total transaction of $2,035,123.20. Following the completion of the sale, the vice president directly owned 65,125 shares of the company’s stock, valued at approximately $1,667,200. This trade represents a 54.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Bruce Andrew Hausmann sold 25,000 shares of Interface stock in a transaction that occurred 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 sale, 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 disclosure for this sale can be found here. Insiders sold a total of 109,497 shares of company stock valued at $2,839,573 over the last three months. Insiders own 2.30% 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.