Public Sector Pension investment Board trimmed its position in Interface, Inc. (NASDAQ:TILE) by 29.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,189 shares of the textile maker’s stock after selling 13,700 shares during the quarter. Public Sector Pension investment Board owned approximately 0.05% of Interface worth $652,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of TILE. Ameritas Investment Partners Inc. bought a new stake in shares of Interface in the 1st quarter valued at about $106,000. Victory Capital Management Inc. raised its holdings in shares of Interface by 38.3% in the 1st quarter. Victory Capital Management Inc. now owns 6,671 shares of the textile maker’s stock valued at $127,000 after purchasing an additional 1,849 shares during the period. KBC Group NV bought a new stake in shares of Interface in the 2nd quarter valued at about $133,000. Trust Co. of Vermont raised its holdings in shares of Interface by 34.6% in the 2nd quarter. Trust Co. of Vermont now owns 11,345 shares of the textile maker’s stock valued at $223,000 after purchasing an additional 2,915 shares during the period. Finally, Sensato Investors LLC bought a new stake in shares of Interface in the 1st quarter valued at about $240,000. 93.21% of the stock is currently owned by institutional investors.
In other Interface news, VP Stansfield Nigel sold 8,450 shares of Interface stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $19.26, for a total value of $162,747.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Daniel T. Hendrix sold 5,000 shares of Interface stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $21.45, for a total transaction of $107,250.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,450 shares of company stock worth $1,496,237. Insiders own 1.90% of the company’s stock.
A number of equities research analysts have recently issued reports on TILE shares. BidaskClub cut shares of Interface from a “buy” rating to a “hold” rating in a report on Thursday, June 15th. ValuEngine raised shares of Interface from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $19.00 target price on shares of Interface in a report on Friday, July 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 presently has an average rating of “Hold” and an average target price of $19.00.
Interface, Inc. (NASDAQ TILE) opened at 22.05 on Friday. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 28.38 and a beta of 1.24. Interface, Inc. has a 52 week low of $14.59 and a 52 week high of $22.60. The company has a 50-day moving average of $20.30 and a 200-day moving average of $19.59.
Interface (NASDAQ:TILE) last released its quarterly earnings results on Wednesday, July 26th. The textile maker reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. Interface had a net margin of 5.21% and a return on equity of 19.66%. The company had revenue of $251.70 million for the quarter, compared to analyst estimates of $254.94 million. During the same period last year, the firm earned $0.32 earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis. Equities research analysts forecast that Interface, Inc. will post $1.14 earnings per share for the current fiscal year.
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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