New York State Teachers Retirement System Purchases 5,441 Shares of Interface, Inc. (NASDAQ:TILE)

New York State Teachers Retirement System grew its stake in shares of Interface, Inc. (NASDAQ:TILE) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 120,969 shares of the textile maker’s stock after buying an additional 5,441 shares during the quarter. New York State Teachers Retirement System’s holdings in Interface were worth $1,527,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP grew its stake in shares of Interface by 6.0% during the third quarter. Wellington Management Group LLP now owns 2,496,114 shares of the textile maker’s stock worth $24,487,000 after buying an additional 140,521 shares during the last quarter. Pzena Investment Management LLC grew its stake in shares of Interface by 65.2% during the third quarter. Pzena Investment Management LLC now owns 3,614,372 shares of the textile maker’s stock worth $35,457,000 after buying an additional 1,426,749 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Interface by 29.4% during the third quarter. American Century Companies Inc. now owns 610,702 shares of the textile maker’s stock worth $5,991,000 after buying an additional 138,800 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Interface during the fourth quarter worth $401,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Interface by 6.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,082,259 shares of the textile maker’s stock worth $10,617,000 after buying an additional 67,619 shares during the last quarter. Institutional investors own 98.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Truist Financial boosted their target price on shares of Interface from $10.00 to $14.00 and gave the stock a “hold” rating in a research note on Wednesday, February 28th. Barrington Research assumed coverage on shares of Interface in a report on Monday. They set an “outperform” rating and a $20.00 price target on the stock. Finally, TheStreet upgraded shares of Interface from a “c” rating to a “b-” rating in a report on Tuesday, February 27th.

Interface Price Performance

Shares of NASDAQ:TILE opened at $15.13 on Wednesday. The firm has a market cap of $880.57 million, a PE ratio of 19.91 and a beta of 1.98. The firm’s fifty day moving average is $15.24 and its 200-day moving average is $12.41. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 2.72. Interface, Inc. has a 52 week low of $6.51 and a 52 week high of $18.47.

Interface (NASDAQ:TILE) last issued its quarterly earnings results on Tuesday, February 27th. The textile maker reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.19. The company had revenue of $325.10 million for the quarter, compared to analyst estimates of $320.16 million. Interface had a net margin of 3.53% and a return on equity of 14.95%. Interface’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 earnings per share. Sell-side analysts predict that Interface, Inc. will post 1.02 earnings per share for the current year.

Interface Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.04 annualized dividend and a yield of 0.26%. Interface’s payout ratio is 5.26%.

About Interface

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.