Interface, Inc. $TILE Shares Purchased by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in Interface, Inc. (NASDAQ:TILE) by 3.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,286,286 shares of the textile maker’s stock after acquiring an additional 71,961 shares during the period. American Century Companies Inc. owned 3.90% of Interface worth $47,852,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its position in Interface by 62.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 23,821 shares of the textile maker’s stock worth $499,000 after acquiring an additional 9,172 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Interface during the 1st quarter worth $303,000. Jupiter Asset Management Ltd. lifted its stake in shares of Interface by 28.5% during the 1st quarter. Jupiter Asset Management Ltd. now owns 343,102 shares of the textile maker’s stock worth $6,807,000 after purchasing an additional 76,103 shares during the period. Public Sector Pension Investment Board grew its position in shares of Interface by 27.3% in the first quarter. Public Sector Pension Investment Board now owns 184,887 shares of the textile maker’s stock valued at $3,668,000 after purchasing an additional 39,595 shares during the period. Finally, CSM Advisors LLC purchased a new stake in shares of Interface in the second quarter valued at $2,623,000. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Interface Stock Up 0.1%

NASDAQ:TILE opened at $27.86 on Friday. 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 company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 1.04 and a beta of 2.07. Interface, Inc. has a one year low of $17.24 and a one year high of $30.20. The stock has a 50-day simple moving average of $27.13 and a 200 day simple moving average of $24.54.

Interface (NASDAQ:TILE) last released its earnings results on Friday, October 31st. The textile maker reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.15. Interface had a net margin of 7.08% and a return on equity of 18.97%. The firm had revenue of $364.53 million during the quarter, compared to analyst estimates of $358.19 million. During the same quarter in the previous year, the firm earned $0.48 earnings per share. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. Interface has set its FY 2025 guidance at EPS. Sell-side analysts predict that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Interface Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.08 annualized dividend and a yield of 0.3%. Interface’s payout ratio is presently 4.17%.

Analyst Upgrades and Downgrades

TILE has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Interface from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, October 25th. Barrington Research reaffirmed an “outperform” rating and set a $32.00 price target on shares of Interface in a research report on Friday, October 31st. Wall Street Zen downgraded shares of Interface from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 16th. Finally, Zacks Research raised shares of Interface from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $32.00.

Interface Company 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.