Barclays PLC boosted its stake in shares of Interface, Inc. (NASDAQ:TILE – Free Report) by 37.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,371 shares of the textile maker’s stock after acquiring an additional 16,975 shares during the quarter. Barclays PLC owned about 0.11% of Interface worth $507,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Captrust Financial Advisors increased its stake in Interface by 228.8% during the first quarter. Captrust Financial Advisors now owns 2,604 shares of the textile maker’s stock worth $35,000 after acquiring an additional 1,812 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Interface during the second quarter worth approximately $50,000. Lazard Asset Management LLC bought a new stake in Interface during the fourth quarter worth approximately $61,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Interface by 40.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,183 shares of the textile maker’s stock worth $81,000 after acquiring an additional 2,351 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in Interface by 38.3% during the third quarter. Royal Bank of Canada now owns 14,669 shares of the textile maker’s stock worth $132,000 after acquiring an additional 4,060 shares during the last quarter. 88.22% of the stock is owned by institutional investors.
Interface Trading Up 0.1 %
TILE opened at $9.87 on Monday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.51 and a current ratio of 2.99. The stock has a market cap of $573.52 million, a price-to-earnings ratio of 123.38 and a beta of 1.98. The stock’s 50 day moving average price is $9.36 and its 200-day moving average price is $8.60. Interface, Inc. has a one year low of $6.51 and a one year high of $12.75.
Interface (NASDAQ:TILE – Get Free Report) last announced its quarterly earnings results on Friday, August 4th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.07. The firm had revenue of $329.60 million during the quarter, compared to analyst estimates of $334.88 million. Interface had a return on equity of 15.03% and a net margin of 0.35%. Interface’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 earnings per share. On average, equities analysts forecast that Interface, Inc. will post 0.85 EPS for the current year.
Interface Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.01 dividend. The ex-dividend date is Thursday, August 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.41%. Interface’s payout ratio is 50.00%.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. Truist Financial upped their target price on Interface from $8.00 to $10.00 and gave the company a “hold” rating in a research note on Monday, August 7th. StockNews.com assumed coverage on Interface in a research note on Thursday, August 17th. They set a “buy” rating on the stock.
Insider Activity at Interface
In related news, VP Stansfield Nigel sold 8,764 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $10.31, for a total value of $90,356.84. Following the completion of the sale, the vice president now owns 198,321 shares in the company, valued at $2,044,689.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is owned by company insiders.
Interface, Inc designs, produces, and sells modular carpet products primarily in the United States and internationally. 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 and vinyl sheet under the Interface brand; 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.