Public Sector Pension Investment Board Boosts Holdings in Interface, Inc. $TILE

Public Sector Pension Investment Board increased its stake in shares of Interface, Inc. (NASDAQ:TILE) by 13.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,660 shares of the textile maker’s stock after acquiring an additional 27,826 shares during the quarter. Public Sector Pension Investment Board’s holdings in Interface were worth $6,588,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Congress Asset Management Co. boosted its stake in Interface by 2.9% in the third quarter. Congress Asset Management Co. now owns 2,544,381 shares of the textile maker’s stock valued at $73,634,000 after acquiring an additional 70,840 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Interface by 3.2% in the 2nd quarter. American Century Companies Inc. now owns 2,286,286 shares of the textile maker’s stock valued at $47,852,000 after purchasing an additional 71,961 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Interface by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,433,183 shares of the textile maker’s stock valued at $30,000,000 after purchasing an additional 10,537 shares during the period. Goldman Sachs Group Inc. grew its stake in Interface by 5.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 748,701 shares of the textile maker’s stock worth $14,854,000 after buying an additional 42,011 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in Interface by 1.3% during the second quarter. Prudential Financial Inc. now owns 642,865 shares of the textile maker’s stock worth $13,455,000 after buying an additional 8,255 shares during the period. 98.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TILE has been the subject of several research analyst reports. Weiss Ratings downgraded Interface from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, December 24th. Barrington Research increased their price target on shares of Interface from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. Zacks Research lowered shares of Interface from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Finally, Wall Street Zen cut shares of Interface from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 16th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $36.00.

Interface Stock Down 0.1%

Shares of Interface stock opened at $33.53 on Thursday. Interface, Inc. has a one year low of $17.24 and a one year high of $35.11. The company has a market cap of $1.96 billion, a P/E ratio of 17.46, a PEG ratio of 1.12 and a beta of 1.90. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.70 and a current ratio of 2.89. The firm has a fifty day moving average of $30.60 and a two-hundred day moving average of $28.36.

About Interface

Interface, Inc (NASDAQ: TILE) is a global manufacturer of modular flooring and resilient commercial flooring solutions. The company specializes in carpet tiles, luxury vinyl tile (LVT) and other environmentally responsible hard-surface products designed for use in corporate, education, healthcare, hospitality and retail environments. Interface’s portfolio also includes broadloom carpet, rubber flooring and acoustic underlays, all engineered to meet performance, design and sustainability requirements in modern interior spaces.

Founded in 1973 by Ray C.