Interface, Inc. (NASDAQ:TILE) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its stake in Interface, Inc. (NASDAQ:TILE) by 4.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,000 shares of the textile maker’s stock after selling 6,900 shares during the period. California Public Employees Retirement System owned approximately 0.25% of Interface worth $3,373,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TILE. Schwab Charles Investment Management Inc. increased its holdings in Interface by 3.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 430,386 shares of the textile maker’s stock valued at $8,458,000 after purchasing an additional 16,228 shares in the last quarter. Legal & General Group Plc increased its holdings in Interface by 6.3% in the 2nd quarter. Legal & General Group Plc now owns 125,299 shares of the textile maker’s stock valued at $2,463,000 after purchasing an additional 7,451 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in Interface by 17.8% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 61,176 shares of the textile maker’s stock valued at $1,202,000 after purchasing an additional 9,252 shares in the last quarter. Federated Investors Inc. PA grew its stake in shares of Interface by 1.2% during the second 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. Finally, Victory Capital Management Inc. grew its stake in shares of Interface by 17.6% during the second 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. Hedge funds and other institutional investors own 92.03% of the company’s stock.

Shares of Interface, Inc. (TILE) traded down $1.10 during trading on Monday, hitting $23.25. The stock had a trading volume of 551,541 shares, compared to its average volume of 371,593. The company has a quick ratio of 1.40, a current ratio of 2.51 and a debt-to-equity ratio of 0.66. Interface, Inc. has a 12 month low of $17.17 and a 12 month high of $26.25. The firm has a market capitalization of $1,467.11, a P/E ratio of 27.35 and a beta of 1.29.

TILE has been the subject of several recent analyst reports. Stifel Nicolaus restated a “hold” rating and set a $23.00 target price on shares of Interface in a research note on Thursday, October 26th. Zacks Investment Research upgraded Interface from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Saturday, October 28th. BidaskClub downgraded Interface from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. ValuEngine upgraded Interface from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Nomura raised their target price on Interface from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $25.67.

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About Interface

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.

Institutional Ownership by Quarter for Interface (NASDAQ:TILE)

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