Interface, Inc. $TILE Shares Acquired by Ethic Inc.

Ethic Inc. increased its holdings in Interface, Inc. (NASDAQ:TILE) by 6.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,797 shares of the textile maker’s stock after acquiring an additional 686 shares during the quarter. Ethic Inc.’s holdings in Interface were worth $249,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Sei Investments Co. lifted its stake in shares of Interface by 0.9% in the first quarter. Sei Investments Co. now owns 64,897 shares of the textile maker’s stock worth $1,288,000 after acquiring an additional 568 shares in the last quarter. Inspire Investing LLC lifted its stake in shares of Interface by 5.6% in the first quarter. Inspire Investing LLC now owns 17,372 shares of the textile maker’s stock worth $345,000 after acquiring an additional 928 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of Interface by 7.3% in the first quarter. New York State Common Retirement Fund now owns 16,184 shares of the textile maker’s stock worth $321,000 after acquiring an additional 1,100 shares in the last quarter. Moran Wealth Management LLC lifted its stake in shares of Interface by 11.0% in the second quarter. Moran Wealth Management LLC now owns 11,426 shares of the textile maker’s stock worth $239,000 after acquiring an additional 1,131 shares in the last quarter. Finally, IFP Advisors Inc lifted its stake in shares of Interface by 2,695.2% in the second quarter. IFP Advisors Inc now owns 1,174 shares of the textile maker’s stock worth $25,000 after acquiring an additional 1,132 shares in the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.

Interface Stock Up 0.4%

NASDAQ:TILE opened at $26.67 on Friday. The firm has a market capitalization of $1.56 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 1.04 and a beta of 2.07. The stock has a 50 day moving average of $27.76 and a 200-day moving average of $23.48. Interface, Inc. has a 52 week low of $17.24 and a 52 week high of $30.20. The company has a current ratio of 2.88, a quick ratio of 1.59 and a debt-to-equity ratio of 0.53.

Interface (NASDAQ:TILE) last posted its earnings results on Friday, August 1st. The textile maker reported $0.60 EPS for the quarter, beating the consensus estimate of $0.47 by $0.13. The company had revenue of $375.52 million during the quarter, compared to analyst estimates of $360.57 million. Interface had a return on equity of 18.97% and a net margin of 7.08%.The business’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.40 earnings per share. Analysts predict that Interface, Inc. will post 1.37 EPS for the current year.

Interface Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.08 annualized dividend and a yield of 0.3%. Interface’s payout ratio is presently 4.94%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Wall Street Zen cut Interface from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 18th. Zacks Research cut Interface from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. Weiss Ratings upgraded Interface from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, October 25th. Finally, Barrington Research restated an “outperform” rating and set a $32.00 price objective on shares of Interface in a research note on Wednesday, October 15th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Interface currently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

Insider Buying and Selling at Interface

In other Interface news, VP James Poppens sold 5,000 shares of Interface stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $26.14, for a total transaction of $130,700.00. Following the sale, the vice president owned 124,616 shares of the company’s stock, valued at $3,257,462.24. The trade was a 3.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Stansfield Nigel sold 79,497 shares of Interface stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $25.60, for a total value of $2,035,123.20. Following the sale, the vice president directly owned 65,125 shares in the company, valued at $1,667,200. The trade was a 54.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 109,497 shares of company stock valued at $2,839,573 in the last quarter. Corporate insiders own 2.30% of the company’s stock.

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.