Wolverine Trading LLC bought a new position in Interface, Inc. (NASDAQ:TILE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,682 shares of the textile maker’s stock, valued at approximately $218,000.
Several other large investors have also modified their holdings of TILE. Nationwide Fund Advisors lifted its position in shares of Interface by 7.3% in the third quarter. Nationwide Fund Advisors now owns 160,228 shares of the textile maker’s stock worth $3,509,000 after purchasing an additional 10,870 shares in the last quarter. Aperio Group LLC raised its position in Interface by 14.1% during the third quarter. Aperio Group LLC now owns 65,476 shares of the textile maker’s stock worth $1,434,000 after acquiring an additional 8,079 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in Interface during the third quarter worth $284,000. Victory Capital Management Inc. increased its holdings in shares of Interface by 42.2% in the third quarter. Victory Capital Management Inc. now owns 11,158 shares of the textile maker’s stock valued at $244,000 after purchasing an additional 3,312 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Interface by 43.6% in the third quarter. BNP Paribas Arbitrage SA now owns 36,200 shares of the textile maker’s stock valued at $793,000 after purchasing an additional 10,992 shares during the last quarter. Institutional investors own 96.05% of the company’s stock.
NASDAQ:TILE opened at $25.20 on Friday. The company has a market cap of $1,498.26, a price-to-earnings ratio of 21.36 and a beta of 1.20. Interface, Inc. has a fifty-two week low of $18.15 and a fifty-two week high of $26.25. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.44 and a quick ratio of 1.43.
Interface (NASDAQ:TILE) last announced its quarterly earnings data on Wednesday, February 21st. The textile maker reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. Interface had a net margin of 5.34% and a return on equity of 22.08%. The company had revenue of $266.21 million during the quarter, compared to the consensus estimate of $256.68 million. During the same quarter last year, the firm posted $0.28 EPS. The company’s quarterly revenue was up 11.1% on a year-over-year basis. sell-side analysts expect that Interface, Inc. will post 1.42 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, March 9th were paid a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Thursday, March 8th. Interface’s dividend payout ratio (DPR) is presently 22.03%.
Several equities analysts recently commented on TILE shares. BidaskClub downgraded shares of Interface from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. ValuEngine upgraded shares of Interface from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research raised shares of Interface from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Tuesday, February 27th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $26.33.
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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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