Deutsche Bank AG Acquires 19,163 Shares of Interface, Inc. (NASDAQ:TILE)

Deutsche Bank AG raised its stake in shares of Interface, Inc. (NASDAQ:TILE) by 56.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,032 shares of the textile maker’s stock after purchasing an additional 19,163 shares during the period. Deutsche Bank AG owned 0.09% of Interface worth $1,291,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. lifted its position in Interface by 365.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 210,075 shares of the textile maker’s stock worth $5,115,000 after purchasing an additional 164,893 shares during the period. Bayesian Capital Management LP acquired a new position in Interface during the 4th quarter worth about $217,000. Ameriprise Financial Inc. grew its stake in shares of Interface by 30.8% during the fourth quarter. Ameriprise Financial Inc. now owns 410,819 shares of the textile maker’s stock valued at $10,003,000 after purchasing an additional 96,669 shares during the last quarter. Algert Global LLC boosted its position in Interface by 14.5% in the 4th quarter. Algert Global LLC now owns 219,854 shares of the textile maker’s stock valued at $5,353,000 after buying an additional 27,783 shares during the last quarter. Finally, Comerica Bank increased its position in Interface by 161.0% in the fourth quarter. Comerica Bank now owns 53,841 shares of the textile maker’s stock worth $1,311,000 after purchasing an additional 33,214 shares during the period. Institutional investors own 98.34% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on TILE shares. Wall Street Zen upgraded Interface from a “hold” rating to a “buy” rating in a report on Saturday, May 10th. Barrington Research reissued an “outperform” rating and set a $30.00 price target on shares of Interface in a research report on Friday, May 2nd.

Insider Activity at Interface

In other news, Director Daniel T. Hendrix sold 7,500 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $19.95, for a total transaction of $149,625.00. Following the completion of the sale, the director now owns 96,147 shares of the company’s stock, valued at $1,918,132.65. This represents a 7.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is owned by insiders.

Interface Price Performance

Shares of TILE stock opened at $19.62 on Monday. The business has a fifty day simple moving average of $19.46 and a 200 day simple moving average of $22.17. Interface, Inc. has a twelve month low of $14.13 and a twelve month high of $27.34. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66. The company has a market cap of $1.15 billion, a P/E ratio of 13.72, a P/E/G ratio of 0.96 and a beta of 1.95.

Interface (NASDAQ:TILE) last posted its quarterly earnings data on Friday, May 2nd. The textile maker reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. The company had revenue of $297.41 million for the quarter, compared to analyst estimates of $297.11 million. Interface had a return on equity of 19.91% and a net margin of 6.49%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 earnings per share. On average, sell-side analysts forecast that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Interface Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend is Friday, May 30th. Interface’s dividend payout ratio (DPR) is 2.76%.

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.