Interface, Inc. (NASDAQ:TILE) Shares Acquired by First Eagle Investment Management LLC

First Eagle Investment Management LLC lifted its holdings in shares of Interface, Inc. (NASDAQ:TILE) by 15.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 210,617 shares of the textile maker’s stock after acquiring an additional 28,000 shares during the period. First Eagle Investment Management LLC owned 0.36% of Interface worth $5,129,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Venturi Wealth Management LLC raised its position in shares of Interface by 204.4% during the 4th quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker’s stock worth $27,000 after acquiring an additional 750 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Interface by 78.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,242 shares of the textile maker’s stock worth $30,000 after buying an additional 546 shares during the period. Principal Securities Inc. increased its position in Interface by 103.1% during the fourth quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker’s stock worth $36,000 after buying an additional 741 shares during the period. Quarry LP increased its position in Interface by 499.5% during the third quarter. Quarry LP now owns 2,476 shares of the textile maker’s stock worth $47,000 after buying an additional 2,063 shares during the period. Finally, US Bancorp DE increased its position in Interface by 163.5% during the fourth quarter. US Bancorp DE now owns 2,398 shares of the textile maker’s stock worth $58,000 after buying an additional 1,488 shares during the period. Institutional investors and hedge funds own 98.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on TILE. Barrington Research reaffirmed an “outperform” rating and set a $30.00 price target on shares of Interface in a research report on Tuesday, February 25th. StockNews.com lowered Interface from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th.

Interface Stock Up 2.3 %

Shares of NASDAQ:TILE opened at $19.22 on Friday. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66. Interface, Inc. has a 52-week low of $14.13 and a 52-week high of $27.34. The stock’s fifty day simple moving average is $22.24 and its 200-day simple moving average is $22.03. The company has a market capitalization of $1.12 billion, a P/E ratio of 13.44, a P/E/G ratio of 0.96 and a beta of 2.18.

Interface (NASDAQ:TILE) last issued its quarterly earnings data on Tuesday, February 25th. The textile maker reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.05. Interface had a return on equity of 19.91% and a net margin of 6.49%. The business had revenue of $335.00 million for the quarter, compared to the consensus estimate of $340.51 million. During the same period in the prior year, the business earned $0.41 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. As a group, equities research analysts forecast that Interface, Inc. will post 1.37 earnings per share for the current fiscal year.

Interface Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a dividend of $0.01 per share. The ex-dividend date is Friday, March 28th. This represents a $0.04 annualized dividend and a yield of 0.21%. Interface’s dividend payout ratio (DPR) is presently 2.72%.

Insider Buying and Selling

In related news, Director Daniel T. Hendrix sold 12,500 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $24.10, for a total transaction of $301,250.00. Following the transaction, the director now directly owns 116,147 shares in the company, valued at approximately $2,799,142.70. This represents a 9.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 32,500 shares of company stock worth $748,125. 2.60% of the stock is owned by company 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.