4,169 Shares in Interface, Inc. $TILE Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale bought a new position in Interface, Inc. (NASDAQ:TILE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,169 shares of the textile maker’s stock, valued at approximately $87,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IFP Advisors Inc raised its holdings in shares of Interface by 2,695.2% in the 2nd quarter. IFP Advisors Inc now owns 1,174 shares of the textile maker’s stock worth $25,000 after purchasing an additional 1,132 shares in the last quarter. Virtus Advisers LLC bought a new stake in shares of Interface in the 1st quarter worth approximately $57,000. RHS Financial LLC bought a new stake in shares of Interface in the 2nd quarter worth approximately $212,000. Moran Wealth Management LLC raised its holdings in shares of Interface by 11.0% in the 2nd quarter. Moran Wealth Management LLC now owns 11,426 shares of the textile maker’s stock worth $239,000 after purchasing an additional 1,131 shares in the last quarter. Finally, Martingale Asset Management L P bought a new stake in shares of Interface in the 1st quarter worth approximately $260,000. 98.34% of the stock is currently owned by institutional investors.

Insider Activity at Interface

In related news, VP James Poppens sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $26.14, for a total value of $130,700.00. Following the transaction, the vice president directly owned 124,616 shares in the company, valued at approximately $3,257,462.24. This trade represents a 3.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 completion of the transaction, the vice president owned 65,125 shares in the company, 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. In the last three months, insiders have sold 109,497 shares of company stock worth $2,839,573. 2.60% of the stock is owned by insiders.

Interface Stock Down 0.7%

Interface stock opened at $27.93 on Tuesday. The firm’s 50 day moving average price is $27.74 and its two-hundred day moving average price is $23.34. Interface, Inc. has a twelve month low of $17.24 and a twelve month high of $30.20. The firm has a market cap of $1.63 billion, a PE ratio of 17.24, a P/E/G ratio of 1.10 and a beta of 2.07. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.59 and a current ratio of 2.88.

Interface (NASDAQ:TILE) last announced its quarterly earnings results on Friday, August 1st. The textile maker reported $0.60 EPS for the quarter, topping the consensus estimate of $0.47 by $0.13. Interface had a net margin of 7.08% and a return on equity of 18.97%. The company had revenue of $375.52 million for the quarter, compared to analyst estimates of $360.57 million. During the same quarter in the prior year, the business posted $0.40 EPS. Interface’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. On average, research analysts predict that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Interface Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TILE shares. Barrington Research restated an “outperform” rating and issued a $32.00 price target on shares of Interface in a research report on Wednesday, October 15th. Wall Street Zen downgraded shares of Interface from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 18th. Weiss Ratings upgraded shares of Interface from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday. Finally, Zacks Research downgraded shares of Interface from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.