Rhumbline Advisers Raises Stake in Interface, Inc. (TILE)

Rhumbline Advisers lifted its position in shares of Interface, Inc. (NASDAQ:TILE) by 1.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 143,899 shares of the textile maker’s stock after purchasing an additional 2,455 shares during the quarter. Rhumbline Advisers owned about 0.23% of Interface worth $3,151,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of TILE. Teachers Advisors LLC grew 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 worth $2,159,000 after purchasing an additional 1,309 shares during the period. Aperio Group LLC grew its holdings in shares of Interface by 5.8% during the 2nd quarter. Aperio Group LLC now owns 57,397 shares of the textile maker’s stock worth $1,128,000 after purchasing an additional 3,129 shares during the period. Sei Investments Co. grew its holdings in shares of Interface by 30.4% during the 2nd quarter. Sei Investments Co. now owns 43,876 shares of the textile maker’s stock worth $862,000 after purchasing an additional 10,222 shares during the period. Algert Global LLC purchased a new stake in shares of Interface during the 2nd quarter worth about $428,000. Finally, Cigna Investments Inc. New purchased a new stake in shares of Interface during the 2nd quarter worth about $287,000. Institutional investors and hedge funds own 93.20% of the company’s stock.

A number of analysts have recently issued reports on TILE shares. Stifel Nicolaus reiterated a “hold” rating and set a $23.00 target price on shares of Interface in a report on Thursday, October 26th. Nomura upped their price target on Interface from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, Zacks Investment Research upgraded Interface from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Saturday, October 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $23.50.

Interface, Inc. (NASDAQ TILE) opened at $24.50 on Friday. The firm has a market capitalization of $1,488.20, a P/E ratio of 21.67 and a beta of 1.35. Interface, Inc. has a fifty-two week low of $17.17 and a fifty-two week high of $25.70. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.51 and a quick ratio of 1.40.

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 Zacks’ consensus estimate of $0.30 by $0.02. The firm had revenue of $257.43 million during the quarter, compared to analysts’ expectations of $255.63 million. Interface had a return on equity of 21.39% and a net margin of 5.53%. Interface’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 EPS. equities analysts forecast that Interface, Inc. will post 1.15 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Friday, November 10th were issued a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Thursday, November 9th. Interface’s dividend payout ratio is presently 30.59%.

In other Interface news, Director Daniel T. Hendrix sold 27,000 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $22.95, for a total value of $619,650.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel T. Hendrix sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $21.79, for a total value of $130,740.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 84,000 shares of company stock valued at $1,855,520. 1.90% of the stock is owned by company insiders.

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Interface 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.

Institutional Ownership by Quarter for Interface (NASDAQ:TILE)

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