Illinois Municipal Retirement Fund Has $766,000 Stake in Interface, Inc. (NASDAQ:TILE)

Illinois Municipal Retirement Fund reduced its stake in shares of Interface, Inc. (NASDAQ:TILE) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 31,457 shares of the textile maker’s stock after selling 538 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Interface were worth $766,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. State Street Corp grew its holdings in shares of Interface by 0.6% in the 3rd quarter. State Street Corp now owns 2,232,327 shares of the textile maker’s stock worth $42,347,000 after purchasing an additional 13,686 shares during the last quarter. Geode Capital Management LLC grew its stake in Interface by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,371,976 shares of the textile maker’s stock worth $26,031,000 after buying an additional 11,931 shares during the last quarter. Hennessy Advisors Inc. raised its stake in shares of Interface by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 608,900 shares of the textile maker’s stock valued at $14,827,000 after acquiring an additional 38,900 shares during the last quarter. Segall Bryant & Hamill LLC raised its stake in shares of Interface by 0.8% in the third quarter. Segall Bryant & Hamill LLC now owns 325,250 shares of the textile maker’s stock valued at $6,170,000 after acquiring an additional 2,423 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Interface by 3.8% in the 4th quarter. Principal Financial Group Inc. now owns 315,596 shares of the textile maker’s stock worth $7,685,000 after acquiring an additional 11,546 shares in the last quarter. 98.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TILE has been the subject of a number of recent analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $30.00 price target on shares of Interface in a report on Tuesday, February 25th. StockNews.com cut Interface from a “strong-buy” rating to a “buy” rating in a report on Tuesday.

Interface Trading Down 5.6 %

Shares of NASDAQ TILE opened at $19.09 on Tuesday. Interface, Inc. has a 1-year low of $14.13 and a 1-year high of $27.34. The company has a 50-day moving average of $23.31 and a two-hundred day moving average of $22.01. The company has a market cap of $1.11 billion, a PE ratio of 13.35, a P/E/G ratio of 0.96 and a beta of 2.10. The company has a current ratio of 2.57, a quick ratio of 1.38 and a debt-to-equity ratio of 0.66.

Interface (NASDAQ:TILE) last posted its quarterly earnings data on Tuesday, February 25th. The textile maker reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.05. The firm 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 business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 EPS. As a group, equities analysts expect that Interface, Inc. will post 1.37 earnings per share for the current fiscal year.

Insider Activity at Interface

In related news, Director Daniel T. Hendrix sold 12,500 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $23.78, for a total value of $297,250.00. Following the transaction, the director now directly owns 103,647 shares in the company, valued at $2,464,725.66. This represents a 10.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP David B. Foshee sold 15,175 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 202,398 shares in the company, valued at approximately $5,316,995.46. The trade was a 6.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 58,175 shares of company stock worth $1,471,087 over the last 90 days. Insiders own 2.60% of the company’s stock.

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.