102,567 Shares in Interface, Inc. (NASDAQ:TILE) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in Interface, Inc. (NASDAQ:TILE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 102,567 shares of the textile maker’s stock, valued at approximately $2,498,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Interface by 4.2% in the 4th quarter. Vanguard Group Inc. now owns 6,116,464 shares of the textile maker’s stock worth $148,936,000 after purchasing an additional 246,726 shares during the period. American Century Companies Inc. boosted its position in Interface by 12.3% during the 4th quarter. American Century Companies Inc. now owns 1,992,296 shares of the textile maker’s stock valued at $48,512,000 after acquiring an additional 218,113 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Interface by 25.9% during the 4th quarter. Prudential Financial Inc. now owns 676,030 shares of the textile maker’s stock worth $16,461,000 after acquiring an additional 139,150 shares during the period. Hennessy Advisors Inc. raised its position in shares of Interface by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 608,900 shares of the textile maker’s stock worth $14,827,000 after acquiring an additional 38,900 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Interface by 43.4% in the 4th quarter. Renaissance Technologies LLC now owns 509,341 shares of the textile maker’s stock valued at $12,402,000 after purchasing an additional 154,041 shares during the period. Institutional investors own 98.34% of the company’s stock.

Interface Stock Performance

Shares of TILE opened at $18.99 on Wednesday. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66. The stock has a market cap of $1.11 billion, a P/E ratio of 13.28, a P/E/G ratio of 0.96 and a beta of 1.93. The business’s 50 day moving average price is $19.17 and its 200-day moving average price is $22.16. Interface, Inc. has a 52 week low of $14.13 and a 52 week high of $27.34.

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

Interface Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a $0.01 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.04 annualized dividend and a yield of 0.21%. Interface’s dividend payout ratio (DPR) is presently 2.72%.

Insider Transactions at Interface

In related news, Director Daniel T. Hendrix sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $19.95, for a total transaction of $149,625.00. Following the completion of the sale, the director now owns 96,147 shares of the company’s stock, valued at $1,918,132.65. This trade represents a 7.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on TILE. StockNews.com upgraded Interface from a “hold” rating to a “buy” rating in a report on Monday. Barrington Research reiterated an “outperform” rating and issued a $30.00 price target on shares of Interface in a research note on Tuesday, April 15th.

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.