Counterpoint Mutual Funds LLC Makes New Investment in Interface, Inc. $TILE

Counterpoint Mutual Funds LLC purchased a new stake in shares of Interface, Inc. (NASDAQ:TILE) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 36,088 shares of the textile maker’s stock, valued at approximately $755,000. Counterpoint Mutual Funds LLC owned about 0.06% of Interface at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc raised its stake 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 valued at $49,000 after purchasing an additional 815 shares during the period. Virtus Advisers LLC bought a new position in shares of Interface during the 1st quarter valued at about $57,000. Martingale Asset Management L P bought a new position in shares of Interface during the 1st quarter valued at about $260,000. Allspring Global Investments Holdings LLC boosted its holdings in Interface by 56.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 14,649 shares of the textile maker’s stock valued at $291,000 after acquiring an additional 5,299 shares during the period. Finally, XTX Topco Ltd purchased a new stake in Interface during the 1st quarter valued at about $303,000. 98.34% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP James Poppens sold 5,000 shares of Interface stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $26.14, for a total value of $130,700.00. Following the completion of the transaction, the vice president owned 124,616 shares in the company, valued at $3,257,462.24. The trade was a 3.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Stansfield Nigel sold 79,497 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $25.60, for a total value of $2,035,123.20. Following the sale, the vice president owned 65,125 shares of the company’s stock, valued at approximately $1,667,200. This trade represents 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 currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TILE shares. Barrington Research reiterated an “outperform” rating and issued a $32.00 price objective on shares of Interface in a report on Friday, August 29th. Wall Street Zen upgraded Interface from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $32.00.

Interface Price Performance

NASDAQ:TILE opened at $29.73 on Tuesday. The business’s 50-day moving average is $25.47 and its 200 day moving average is $21.87. Interface, Inc. has a 12 month low of $17.24 and a 12 month high of $30.20. The company has a market capitalization of $1.74 billion, a P/E ratio of 18.35, a P/E/G ratio of 1.16 and a beta of 2.11. The company has a current ratio of 2.88, a quick ratio of 1.59 and a debt-to-equity ratio of 0.53.

Interface (NASDAQ:TILE) last announced its quarterly earnings results on Friday, August 1st. The textile maker reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.13. The company had revenue of $375.52 million during the quarter, compared to analyst estimates of $360.57 million. Interface had a return on equity of 18.97% and a net margin of 7.08%.The firm’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.40 earnings per share. Interface has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts forecast that Interface, Inc. will post 1.37 earnings per share for the current fiscal year.

Interface Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were issued a $0.02 dividend. The ex-dividend date 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 currently 4.94%.

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.