Fmr LLC Purchases 55,345 Shares of Interface, Inc. (NASDAQ:TILE)

FMR LLC lifted its position in Interface, Inc. (NASDAQ:TILE - Free Report) by 138.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,215 shares of the textile maker's stock after purchasing an additional 55,345 shares during the quarter. FMR LLC owned 0.16% of Interface worth $1,806,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TILE. Innealta Capital LLC acquired a new stake in shares of Interface during the 2nd quarter valued at about $32,000. KBC Group NV lifted its stake in Interface by 70.7% during the third quarter. KBC Group NV now owns 3,472 shares of the textile maker's stock worth $66,000 after purchasing an additional 1,438 shares during the period. nVerses Capital LLC acquired a new stake in Interface during the third quarter valued at approximately $70,000. Farther Finance Advisors LLC grew its stake in shares of Interface by 1,348.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,241 shares of the textile maker's stock valued at $118,000 after purchasing an additional 5,810 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Interface in the 2nd quarter worth approximately $91,000. 98.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. StockNews.com lowered Interface from a "strong-buy" rating to a "buy" rating in a research note on Monday, November 4th. Barrington Research boosted their target price on shares of Interface from $26.00 to $30.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th.

Insiders Place Their Bets

In related news, CFO Bruce Andrew Hausmann sold 30,000 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $25.50, for a total transaction of $765,000.00. Following the completion of the transaction, the chief financial officer now owns 168,475 shares in the company, valued at approximately $4,296,112.50. This represents a 15.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Stansfield Nigel sold 20,000 shares of the firm's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $24.12, for a total transaction of $482,400.00. Following the completion of the transaction, the vice president now directly owns 144,355 shares of the company's stock, valued at approximately $3,481,842.60. This trade represents a 12.17 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,175 shares of company stock worth $2,119,987. Company insiders own 2.60% of the company's stock.

Interface Price Performance

Shares of TILE traded down $0.02 on Monday, hitting $26.11. The company's stock had a trading volume of 508,596 shares, compared to its average volume of 453,900. The company has a market capitalization of $1.52 billion, a PE ratio of 18.27, a PEG ratio of 1.29 and a beta of 2.09. Interface, Inc. has a fifty-two week low of $11.48 and a fifty-two week high of $27.34. The company has a 50 day moving average price of $22.99 and a 200 day moving average price of $18.94. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 1.38.

Interface (NASDAQ:TILE - Get Free Report) last released its earnings results on Friday, November 1st. The textile maker reported $0.48 EPS for the quarter, beating the consensus estimate of $0.34 by $0.14. Interface had a return on equity of 19.91% and a net margin of 6.49%. The company had revenue of $344.30 million during the quarter, compared to analysts' expectations of $336.39 million. During the same period last year, the firm earned $0.28 EPS. The business's revenue for the quarter was up 10.7% on a year-over-year basis. On average, research analysts anticipate that Interface, Inc. will post 1.37 earnings per share for the current fiscal year.

Interface Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a $0.01 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.04 annualized dividend and a dividend yield of 0.15%. Interface's dividend payout ratio (DPR) is currently 2.80%.

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.