Interface, Inc. (NASDAQ:TILE) Stake Raised by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC grew its holdings in shares of Interface, Inc. (NASDAQ:TILE) by 207.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,593 shares of the textile maker’s stock after purchasing an additional 55,700 shares during the period. Los Angeles Capital Management LLC owned approximately 0.14% of Interface worth $1,042,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in TILE. Aristeia Capital LLC purchased a new position in shares of Interface in the third quarter worth approximately $101,000. Olympiad Research LP purchased a new position in shares of Interface during the third quarter valued at $141,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Interface by 86.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,235 shares of the textile maker’s stock valued at $149,000 after buying an additional 7,052 shares during the period. Acadian Asset Management LLC purchased a new position in Interface during the 3rd quarter valued at about $278,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Interface in the third quarter worth approximately $323,000. 98.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TILE has been the topic of a number of research analyst reports. Truist Financial boosted their price objective on shares of Interface from $10.00 to $14.00 and gave the company a “hold” rating in a research report on Wednesday, February 28th. TheStreet upgraded Interface from a “c” rating to a “b-” rating in a report on Tuesday, February 27th. Finally, Barrington Research increased their target price on Interface from $20.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd.

Interface Stock Down 0.3 %

Shares of TILE stock opened at $15.91 on Friday. The firm’s fifty day moving average price is $15.95 and its two-hundred day moving average price is $13.10. The company has a current ratio of 2.72, a quick ratio of 1.30 and a debt-to-equity ratio of 0.89. Interface, Inc. has a 1 year low of $6.51 and a 1 year high of $18.47. The firm has a market capitalization of $925.98 million, a P/E ratio of 15.75, a PEG ratio of 1.10 and a beta of 1.99.

Interface (NASDAQ:TILE) last released its earnings results on Friday, May 3rd. The textile maker reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.12. The business had revenue of $289.70 million for the quarter, compared to analyst estimates of $284.76 million. Interface had a return on equity of 16.94% and a net margin of 4.73%. Interface’s revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.07 earnings per share. On average, equities analysts predict that Interface, Inc. will post 1.05 EPS for the current fiscal year.

Interface Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a $0.01 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.04 dividend on an annualized basis and a yield of 0.25%. Interface’s dividend payout ratio (DPR) is 3.96%.

Insider Transactions at Interface

In related news, VP Stansfield Nigel sold 19,990 shares of Interface stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $16.24, for a total transaction of $324,637.60. Following the sale, the vice president now directly owns 181,855 shares in the company, valued at approximately $2,953,325.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.60% of the stock is owned by insiders.

Interface Company Profile

Interface, Inc designs, produces, and sells modular carpet products primarily worldwide. The company operates in two segments, Americas (AMS), and Europe, Africa, Asia and Australia (EAAA). The company offers modular carpets under the Interface and FLOR brand names; luxury vinyl tiles; carpet tiles under the CQuestGB name for use in commercial interiors, include offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; and modular resilient flooring products.