Fox Run Management L.L.C. Increases Holdings in Interface, Inc. (NASDAQ:TILE)

Fox Run Management L.L.C. grew its holdings in shares of Interface, Inc. (NASDAQ:TILE) by 44.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,223 shares of the textile maker’s stock after buying an additional 12,755 shares during the period. Fox Run Management L.L.C. owned 0.07% of Interface worth $1,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of TILE. KBC Group NV lifted its holdings in Interface by 70.7% during the 3rd quarter. KBC Group NV now owns 3,472 shares of the textile maker’s stock worth $66,000 after buying an additional 1,438 shares during the last quarter. Jennison Associates LLC purchased a new stake in shares of Interface in the 3rd quarter valued at about $611,000. Intech Investment Management LLC purchased a new stake in shares of Interface in the 3rd quarter valued at about $356,000. Algert Global LLC lifted its holdings in shares of Interface by 54.2% in the 3rd quarter. Algert Global LLC now owns 192,071 shares of the textile maker’s stock valued at $3,644,000 after purchasing an additional 67,539 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Interface by 138.8% in the 3rd quarter. FMR LLC now owns 95,215 shares of the textile maker’s stock valued at $1,806,000 after purchasing an additional 55,345 shares during the last quarter. 98.34% of the stock is owned by hedge funds and other institutional investors.

Interface Stock Down 0.1 %

Interface stock opened at $19.74 on Friday. The company has a market capitalization of $1.15 billion, a P/E ratio of 13.80, a PEG ratio of 0.96 and a beta of 2.18. Interface, Inc. has a fifty-two week low of $14.13 and a fifty-two week high of $27.34. The stock has a 50-day simple moving average of $21.86 and a 200-day simple moving average of $22.06. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.57.

Interface (NASDAQ:TILE) last issued its quarterly earnings results on Tuesday, February 25th. The textile maker reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.05. The firm had revenue of $335.00 million for the quarter, compared to analysts’ expectations of $340.51 million. Interface had a return on equity of 19.91% and a net margin of 6.49%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 EPS. Equities research analysts expect that Interface, Inc. will post 1.37 earnings per share for the current year.

Interface Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.20%. The ex-dividend date is Friday, March 28th. Interface’s dividend payout ratio (DPR) is presently 2.72%.

Insider Activity at Interface

In related news, Director Daniel T. Hendrix sold 12,500 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $24.10, for a total value of $301,250.00. Following the transaction, the director now owns 116,147 shares in the company, valued at $2,799,142.70. The trade was a 9.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have sold 32,500 shares of company stock worth $748,125 in the last quarter. Company insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TILE. StockNews.com downgraded Interface from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Barrington Research reissued an “outperform” rating and issued a $30.00 target price on shares of Interface in a report on Tuesday, February 25th.

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.