Landscape Capital Management L.L.C. acquired a new position in Interface, Inc. (NASDAQ:TILE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 97,086 shares of the textile maker's stock, valued at approximately $2,364,000. Landscape Capital Management L.L.C. owned approximately 0.17% of Interface at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Venturi Wealth Management LLC boosted its holdings in Interface by 204.4% in the 4th quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker's stock worth $27,000 after buying an additional 750 shares during the period. Huntington National Bank purchased a new position in shares of Interface in the fourth quarter valued at about $28,000. Smartleaf Asset Management LLC boosted its stake in shares of Interface by 78.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,242 shares of the textile maker's stock worth $30,000 after acquiring an additional 546 shares during the period. Principal Securities Inc. grew its position in shares of Interface by 103.1% during the fourth quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker's stock worth $36,000 after purchasing an additional 741 shares in the last quarter. Finally, Quarry LP raised its stake in Interface by 499.5% during the 3rd quarter. Quarry LP now owns 2,476 shares of the textile maker's stock valued at $47,000 after purchasing an additional 2,063 shares during the period. 98.34% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms have weighed in on TILE. Barrington Research restated an "outperform" rating and issued a $30.00 price target on shares of Interface in a research note on Tuesday, February 25th. StockNews.com lowered shares of Interface from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th.
View Our Latest Analysis on TILE
Insider Transactions at Interface
In related news, Director Daniel T. Hendrix sold 7,500 shares of Interface stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $19.95, for a total value of $149,625.00. Following the completion of the transaction, the director now owns 96,147 shares in the company, valued at approximately $1,918,132.65. This trade represents a 7.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.60% of the company's stock.
Interface Price Performance
Shares of TILE stock traded up $0.20 during trading hours on Wednesday, hitting $17.99. The stock had a trading volume of 125,855 shares, compared to its average volume of 516,749. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 1.38. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 0.96 and a beta of 1.93. Interface, Inc. has a one year low of $14.13 and a one year high of $27.34. The stock's 50-day moving average price is $20.62 and its two-hundred day moving average price is $22.15.
Interface (NASDAQ:TILE - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The textile maker reported $0.34 earnings per share (EPS) 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 company's revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS. Equities analysts forecast that Interface, Inc. will post 1.37 EPS for the current year.
Interface Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a $0.01 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.22%. Interface's payout ratio is currently 2.72%.
Interface Profile
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Free Report)
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.
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