Capula Management Ltd Has $312,000 Stock Position in Interface, Inc. (NASDAQ:TILE)

Capula Management Ltd trimmed its stake in Interface, Inc. (NASDAQ:TILE - Free Report) by 73.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,798 shares of the textile maker's stock after selling 36,230 shares during the period. Capula Management Ltd's holdings in Interface were worth $312,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Interface by 4.2% in the fourth quarter. Vanguard Group Inc. now owns 6,116,464 shares of the textile maker's stock valued at $148,936,000 after purchasing an additional 246,726 shares during the period. State Street Corp raised its holdings in Interface by 0.6% in the 3rd quarter. State Street Corp now owns 2,232,327 shares of the textile maker's stock worth $42,347,000 after acquiring an additional 13,686 shares during the period. American Century Companies Inc. lifted its position in Interface by 12.3% during the 4th quarter. American Century Companies Inc. now owns 1,992,296 shares of the textile maker's stock worth $48,512,000 after acquiring an additional 218,113 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Interface by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,371,976 shares of the textile maker's stock valued at $26,031,000 after acquiring an additional 11,931 shares during the period. Finally, Prudential Financial Inc. grew its position in shares of Interface by 25.9% in the fourth quarter. Prudential Financial Inc. now owns 676,030 shares of the textile maker's stock valued at $16,461,000 after purchasing an additional 139,150 shares during the last quarter. 98.34% of the stock is currently owned by institutional investors and hedge funds.

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Interface Price Performance

NASDAQ TILE remained flat at $18.82 during midday trading on Friday. 337,771 shares of the company's stock traded hands, compared to its average volume of 517,354. The stock has a fifty day moving average of $20.21 and a two-hundred day moving average of $22.17. 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 has a market cap of $1.10 billion, a PE ratio of 13.16, a price-to-earnings-growth ratio of 0.96 and a beta of 1.93.

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

Interface Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a dividend of $0.01 per share. The ex-dividend date was Friday, March 28th. This represents a $0.04 dividend on an annualized basis and a yield of 0.21%. Interface's dividend payout ratio is currently 2.72%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TILE shares. Barrington Research reissued an "outperform" rating and set a $30.00 price objective on shares of Interface in a research report on Tuesday, February 25th. StockNews.com lowered Interface from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th.

Insider Buying and Selling at Interface

In other Interface news, Director Daniel T. Hendrix sold 7,500 shares of Interface 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 sale, the director now directly owns 96,147 shares of the company's stock, valued at approximately $1,918,132.65. The trade was a 7.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.60% 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.