Fox Run Management L.L.C. Invests $651,000 in Interface, Inc. $TILE

Fox Run Management L.L.C. bought a new stake in Interface, Inc. (NASDAQ:TILE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 31,089 shares of the textile maker’s stock, valued at approximately $651,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TILE. Nuveen LLC bought a new stake in Interface during the 1st quarter worth about $15,505,000. Pacer Advisors Inc. acquired a new position in shares of Interface during the first quarter worth approximately $8,635,000. CW Advisors LLC bought a new stake in shares of Interface during the first quarter valued at approximately $6,208,000. American Century Companies Inc. increased its holdings in shares of Interface by 11.1% in the first quarter. American Century Companies Inc. now owns 2,214,325 shares of the textile maker’s stock valued at $43,932,000 after purchasing an additional 222,029 shares in the last quarter. Finally, Congress Asset Management Co. increased its holdings in shares of Interface by 9.1% in the second quarter. Congress Asset Management Co. now owns 2,473,541 shares of the textile maker’s stock valued at $51,771,000 after purchasing an additional 206,962 shares in the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.

Insider Buying and Selling at Interface

In other news, VP James Poppens sold 5,000 shares of Interface stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $26.14, for a total transaction of $130,700.00. Following the transaction, the vice president directly owned 124,616 shares of the company’s stock, valued at $3,257,462.24. This trade represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Bruce Andrew Hausmann sold 25,000 shares of the business’s 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 transaction, the chief financial officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.30% of the company’s stock.

Interface Price Performance

Shares of TILE opened at $26.15 on Tuesday. The stock has a market cap of $1.53 billion, a P/E ratio of 16.14, a price-to-earnings-growth ratio of 1.04 and a beta of 2.07. Interface, Inc. has a 1 year low of $17.24 and a 1 year high of $30.20. The stock’s 50-day moving average price is $27.61 and its two-hundred day moving average price is $23.91. 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, October 31st. The textile maker reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.15. Interface had a net margin of 7.08% and a return on equity of 18.97%. The business had revenue of $364.53 million for the quarter, compared to the consensus estimate of $358.19 million. During the same period last year, the company posted $0.48 EPS. Interface’s revenue for the quarter was up 5.9% on a year-over-year basis. Interface has set its FY 2025 guidance at EPS. On average, equities analysts predict that Interface, Inc. will post 1.37 earnings per share for the current year.

Analysts Set New Price Targets

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

About Interface

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.