OxFORD Asset Management LLP bought a new stake in shares of Interface, Inc. (NASDAQ:TILE) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 30,600 shares of the textile maker’s stock, valued at approximately $601,000.
A number of other large investors also recently added to or reduced their stakes in TILE. Swiss National Bank raised its stake in shares of Interface by 3.7% in the 1st quarter. Swiss National Bank now owns 106,700 shares of the textile maker’s stock valued at $2,033,000 after buying an additional 3,800 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Interface by 26.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 20,305 shares of the textile maker’s stock valued at $387,000 after buying an additional 4,207 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Interface by 20.4% in the 1st quarter. Ameriprise Financial Inc. now owns 390,179 shares of the textile maker’s stock valued at $7,433,000 after buying an additional 66,140 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Interface by 12.1% in the 1st quarter. Parametric Portfolio Associates LLC now owns 74,882 shares of the textile maker’s stock valued at $1,427,000 after buying an additional 8,080 shares in the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new position in shares of Interface in the 1st quarter valued at $106,000. Hedge funds and other institutional investors own 92.24% of the company’s stock.
A number of equities analysts have recently issued reports on TILE shares. ValuEngine upgraded shares of Interface from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $23.00 target price on shares of Interface in a report on Thursday. Finally, BidaskClub lowered shares of Interface from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $20.00.
In related news, VP Stansfield Nigel sold 8,450 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $19.26, for a total value of $162,747.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Daniel T. Hendrix sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $21.45, for a total value of $107,250.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 71,450 shares of company stock worth $1,513,277. Company insiders own 1.90% of the company’s stock.
Shares of Interface, Inc. (NASDAQ TILE) opened at 22.80 on Friday. Interface, Inc. has a one year low of $14.59 and a one year high of $23.15. The firm’s 50-day moving average is $21.31 and its 200-day moving average is $19.91. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 29.34 and a beta of 1.24.
Interface (NASDAQ:TILE) last released its quarterly earnings results on Wednesday, October 25th. The textile maker reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.02. The company had revenue of $257.43 million for the quarter, compared to analysts’ expectations of $255.63 million. Interface had a return on equity of 21.35% and a net margin of 5.53%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.25 earnings per share. Analysts expect that Interface, Inc. will post $1.13 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Friday, November 10th will be issued a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Thursday, November 9th. Interface’s dividend payout ratio (DPR) is currently 30.59%.
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Interface Inc is engaged in design, production and sale of modular carpet, also known as carpet tile. As of January 1, 2017, the Company marketed its modular carpets in over 110 countries under the brand names Interface and FLOR. The Company operates through three segments: Americas, Europe and Asia-Pacific.
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