Interface, Inc. (NASDAQ:TILE) Stock Holdings Lessened by Green Alpha Advisors LLC

Green Alpha Advisors LLC lessened its stake in shares of Interface, Inc. (NASDAQ:TILE) by 8.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 60,979 shares of the textile maker’s stock after selling 5,358 shares during the period. Interface comprises about 1.2% of Green Alpha Advisors LLC’s portfolio, making the stock its 25th largest holding. Green Alpha Advisors LLC owned 0.10% of Interface worth $1,485,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of TILE. Private Advisor Group LLC purchased a new stake in shares of Interface during the third quarter valued at $790,000. HighTower Advisors LLC acquired a new stake in Interface during the 3rd quarter worth about $1,138,000. Sanctuary Advisors LLC purchased a new stake in Interface during the third quarter valued at about $1,661,000. Renaissance Technologies LLC lifted its stake in Interface by 11.0% during the second quarter. Renaissance Technologies LLC now owns 345,400 shares of the textile maker’s stock valued at $5,070,000 after buying an additional 34,200 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in shares of Interface by 46.5% in the second quarter. First Eagle Investment Management LLC now owns 176,617 shares of the textile maker’s stock worth $2,593,000 after buying an additional 56,093 shares during the period. 98.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TILE shares. Barrington Research boosted their price target on shares of Interface from $26.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. StockNews.com downgraded shares of Interface from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 4th.

Insider Buying and Selling at Interface

In other Interface news, Director Daniel T. Hendrix sold 12,500 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $24.10, for a total value of $301,250.00. Following the completion of the sale, the director now directly owns 116,147 shares of the company’s stock, valued at $2,799,142.70. The trade was a 9.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP David B. Foshee sold 15,175 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $26.27, for a total transaction of $398,647.25. Following the transaction, the vice president now owns 202,398 shares in the company, valued at $5,316,995.46. This represents a 6.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 95,675 shares of company stock worth $2,421,237 over the last 90 days. 2.60% of the stock is currently owned by corporate insiders.

Interface Price Performance

Shares of TILE opened at $22.80 on Monday. The business’s 50-day moving average is $25.21 and its 200-day moving average is $20.27. 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 company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 15.94, a P/E/G ratio of 1.27 and a beta of 2.10. Interface, Inc. has a fifty-two week low of $11.48 and a fifty-two week high of $27.34.

Interface (NASDAQ:TILE) last released its quarterly earnings data on Friday, November 1st. The textile maker reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.14. The firm had revenue of $344.30 million for the quarter, compared to analyst estimates of $336.39 million. Interface had a net margin of 6.49% and a return on equity of 19.91%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 EPS. Equities research analysts expect that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Interface Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.04 dividend on an annualized basis and a yield of 0.18%. Interface’s payout ratio is 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.