Parametric Portfolio Associates LLC lifted its holdings in shares of Interface, Inc. (NASDAQ:TILE) by 19.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,748 shares of the textile maker’s stock after acquiring an additional 14,866 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.14% of Interface worth $1,764,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of the stock. Federated Investors Inc. PA lifted its holdings in shares of Interface by 1.2% during the 2nd quarter. Federated Investors Inc. PA now owns 50,004 shares of the textile maker’s stock valued at $983,000 after acquiring an additional 600 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Interface by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 7,846 shares of the textile maker’s stock valued at $154,000 after acquiring an additional 1,175 shares in the last quarter. Teachers Advisors LLC lifted its holdings in shares of Interface by 1.2% during the 1st quarter. Teachers Advisors LLC now owns 113,338 shares of the textile maker’s stock valued at $2,159,000 after acquiring an additional 1,309 shares in the last quarter. UBS Asset Management Americas Inc. lifted its holdings in Interface by 9.3% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 22,185 shares of the textile maker’s stock worth $436,000 after buying an additional 1,880 shares in the last quarter. Finally, Trust Co. of Vermont lifted its holdings in Interface by 34.6% in the 2nd quarter. Trust Co. of Vermont now owns 11,345 shares of the textile maker’s stock worth $223,000 after buying an additional 2,915 shares in the last quarter. Institutional investors and hedge funds own 92.97% of the company’s stock.
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Interface, Inc. (NASDAQ TILE) opened at $23.05 on Friday. Interface, Inc. has a 1-year low of $16.80 and a 1-year high of $23.85. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.51 and a quick ratio of 1.40. The company has a market cap of $1,418.93, a price-to-earnings ratio of 20.22 and a beta of 1.32.
Interface (NASDAQ:TILE) last issued its earnings results on Wednesday, October 25th. The textile maker reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The business had revenue of $257.43 million for the quarter, compared to analyst estimates of $255.63 million. Interface had a net margin of 5.53% and a return on equity of 21.39%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.25 EPS. equities analysts expect that Interface, Inc. will post 1.15 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Friday, November 10th will be paid a $0.065 dividend. The ex-dividend date is Thursday, November 9th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.13%. Interface’s dividend payout ratio (DPR) is presently 30.59%.
In other news, Director Daniel T. Hendrix sold 6,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $19.11, for a total value of $114,660.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Stansfield Nigel sold 8,450 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $19.26, for a total transaction of $162,747.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 98,450 shares of company stock worth $2,132,927. Company insiders own 1.90% of the company’s stock.
A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Interface from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Saturday, October 28th. Nomura boosted their price objective on shares of Interface from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Stifel Nicolaus reiterated a “hold” rating and issued a $23.00 price objective on shares of Interface in a report on Thursday, October 26th. ValuEngine lowered shares of Interface from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, BidaskClub lowered shares of Interface from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $23.50.
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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