First Trust Advisors LP increased its position in shares of Interface, Inc. (NASDAQ:TILE) by 163.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 51,782 shares of the textile maker’s stock after buying an additional 32,127 shares during the period. First Trust Advisors LP owned 0.09% of Interface worth $1,209,000 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. NumerixS Investment Technologies Inc boosted its holdings in shares of Interface by 122.6% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 6,900 shares of the textile maker’s stock worth $158,000 after buying an additional 3,800 shares during the period. Itau Unibanco Holding S.A. bought a new stake in shares of Interface during the 2nd quarter worth $170,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Interface during the 2nd quarter worth $289,000. GAM Holding AG bought a new stake in shares of Interface during the 2nd quarter worth $340,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Interface by 203.4% during the 2nd quarter. SG Americas Securities LLC now owns 19,434 shares of the textile maker’s stock worth $446,000 after buying an additional 13,028 shares during the period. 92.40% of the stock is owned by institutional investors and hedge funds.
Shares of Interface stock opened at $15.11 on Friday. The company has a quick ratio of 1.35, a current ratio of 2.52 and a debt-to-equity ratio of 1.75. Interface, Inc. has a fifty-two week low of $14.91 and a fifty-two week high of $26.25. The firm has a market capitalization of $917.80 million, a price-to-earnings ratio of 12.81 and a beta of 1.49.
Interface (NASDAQ:TILE) last issued its quarterly earnings results on Wednesday, October 24th. The textile maker reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. Interface had a net margin of 4.35% and a return on equity of 24.69%. The firm had revenue of $318.33 million during the quarter, compared to the consensus estimate of $316.38 million. During the same period in the prior year, the firm earned $0.32 EPS. On average, equities research analysts expect that Interface, Inc. will post 1.48 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 23rd. Shareholders of record on Friday, November 9th were issued a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend was Thursday, November 8th. Interface’s dividend payout ratio (DPR) is presently 22.03%.
Several analysts recently issued reports on TILE shares. Longbow Research raised shares of Interface from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Tuesday, August 14th. They noted that the move was a valuation call. TheStreet downgraded shares of Interface from a “b” rating to a “c+” rating in a report on Wednesday, October 24th. BidaskClub raised shares of Interface from a “sell” rating to a “hold” rating in a report on Saturday, August 11th. ValuEngine raised shares of Interface from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. Finally, Macquarie set a $20.00 price objective on shares of Interface and gave the stock a “hold” rating in a report on Friday, October 26th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $25.33.
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Interface, Inc, a modular flooring company, designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific. The company offers modular carpets under the Interface and FLOR names; carpet tiles under the GlasBacRE name for use in commercial interiors, including offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; modular resilient flooring products; and luxury vinyl tile products.
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