MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $795,000 Stock Position in Interface, Inc. (NASDAQ:TILE)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Interface, Inc. (NASDAQ:TILE) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,633 shares of the textile maker’s stock after buying an additional 1,123 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.06% of Interface worth $795,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TILE. Barclays PLC increased its stake in shares of Interface by 688.5% in the 3rd quarter. Barclays PLC now owns 256,987 shares of the textile maker’s stock valued at $4,873,000 after acquiring an additional 224,395 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Interface in the fourth quarter worth $322,000. Jennison Associates LLC increased its stake in Interface by 103.2% in the fourth quarter. Jennison Associates LLC now owns 65,494 shares of the textile maker’s stock valued at $1,595,000 after purchasing an additional 33,264 shares in the last quarter. MeadowBrook Investment Advisors LLC acquired a new position in shares of Interface during the fourth quarter valued at about $257,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Interface during the fourth quarter valued at about $228,000. 98.34% of the stock is currently owned by institutional investors.

Insider Activity at Interface

In other Interface 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 value of $149,625.00. Following the completion of the sale, the director now directly owns 96,147 shares of the company’s stock, valued at approximately $1,918,132.65. This represents a 7.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TILE. Barrington Research restated an “outperform” rating and issued a $30.00 target price on shares of Interface in a research note on Friday, May 2nd. Wall Street Zen raised Interface from a “hold” rating to a “buy” rating in a research note on Saturday, May 10th.

Interface Stock Performance

Shares of TILE stock opened at $19.62 on Tuesday. Interface, Inc. has a 12 month low of $14.13 and a 12 month high of $27.34. The firm has a market capitalization of $1.15 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 0.96 and a beta of 1.95. The firm has a fifty day simple moving average of $19.46 and a two-hundred day simple moving average of $22.13. The company has a current ratio of 2.57, a quick ratio of 1.38 and a debt-to-equity ratio of 0.66.

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

Interface Announces Dividend

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

Interface 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.