19,675 Shares in Interface, Inc. (NASDAQ:TILE) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in Interface, Inc. (NASDAQ:TILE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 19,675 shares of the textile maker's stock, valued at approximately $479,000.

Several other large investors have also recently bought and sold shares of TILE. HighTower Advisors LLC acquired a new position in shares of Interface during the third quarter worth $1,138,000. Sanctuary Advisors LLC bought a new stake in shares of Interface in the 3rd quarter valued at about $1,661,000. BNP Paribas Financial Markets lifted its stake in shares of Interface by 13.3% in the third quarter. BNP Paribas Financial Markets now owns 29,555 shares of the textile maker's stock worth $561,000 after acquiring an additional 3,464 shares during the period. FMR LLC boosted its holdings in Interface by 138.8% in the third quarter. FMR LLC now owns 95,215 shares of the textile maker's stock valued at $1,806,000 after acquiring an additional 55,345 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings 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 acquiring an additional 33,264 shares during the last quarter. 98.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Daniel T. Hendrix sold 7,500 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was 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 in the company, valued at $1,918,132.65. The trade was a 7.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 32,500 shares of company stock valued at $748,125. 2.60% of the stock is owned by company insiders.

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Interface Trading Up 0.8 %

Shares of Interface stock traded up $0.16 on Wednesday, reaching $19.04. 256,463 shares of the company's stock were exchanged, compared to its average volume of 490,650. The company has a market capitalization of $1.11 billion, a P/E ratio of 13.34, a price-to-earnings-growth ratio of 0.96 and a beta of 2.18. Interface, Inc. has a 52 week low of $14.13 and a 52 week high of $27.34. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.57. The firm's 50-day moving average is $22.55 and its two-hundred day moving average is $22.05.

Interface (NASDAQ:TILE - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The textile maker reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.05. Interface had a net margin of 6.49% and a return on equity of 19.91%. The business had revenue of $335.00 million during the quarter, compared to analysts' expectations of $340.51 million. During the same period last year, the company posted $0.41 earnings per share. The business's quarterly revenue was up 3.0% on a year-over-year basis. Sell-side analysts predict that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on TILE shares. Barrington Research restated an "outperform" rating and set a $30.00 price target on shares of Interface in a report on Tuesday, February 25th. StockNews.com lowered shares of Interface from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th.

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.