Royce & Associates LP trimmed its holdings in shares of Interface, Inc. (NASDAQ:TILE) by 48.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 568,510 shares of the textile maker’s stock after selling 528,300 shares during the quarter. Royce & Associates LP owned about 0.94% of Interface worth $14,298,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of TILE. Zions Bancorporation acquired a new position in Interface during the third quarter worth $118,000. Verition Fund Management LLC acquired a new position in Interface during the second quarter worth $224,000. Victory Capital Management Inc. increased its position in Interface by 42.2% during the third quarter. Victory Capital Management Inc. now owns 11,158 shares of the textile maker’s stock worth $244,000 after buying an additional 3,312 shares during the last quarter. SG Americas Securities LLC acquired a new position in Interface during the third quarter worth $247,000. Finally, Fox Run Management L.L.C. acquired a new position in Interface during the fourth quarter worth $249,000. 91.76% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Interface, Inc. (NASDAQ TILE) opened at $25.25 on Friday. The company has a current ratio of 2.51, a quick ratio of 1.40 and a debt-to-equity ratio of 0.66. Interface, Inc. has a fifty-two week low of $17.50 and a fifty-two week high of $26.25. The stock has a market cap of $1,424.94, a PE ratio of 29.71 and a beta of 1.29.
Interface (NASDAQ:TILE) last released its quarterly earnings results on Wednesday, February 21st. The textile maker reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.02. Interface had a net margin of 5.34% and a return on equity of 22.05%. The company had revenue of $266.21 million during the quarter, compared to analysts’ expectations of $256.68 million. During the same period in the prior year, the company earned $0.28 earnings per share. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. equities research analysts predict that Interface, Inc. will post 1.31 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be issued a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Thursday, March 8th. Interface’s dividend payout ratio (DPR) is 30.59%.
Several equities analysts have commented on the stock. ValuEngine raised shares of Interface from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. BidaskClub downgraded shares of Interface from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Zacks Investment Research downgraded shares of Interface from a “buy” rating to a “sell” rating in a research report on Wednesday, December 27th. Finally, Nomura increased their target price on shares of Interface from $24.00 to $28.00 and gave the stock a “buy” rating in a research report 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. Interface has a consensus rating of “Hold” and a consensus target price of $25.67.
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Interface Company Profile
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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