Interface, Inc. $TILE Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lowered its stake in shares of Interface, Inc. (NASDAQ:TILE) by 34.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,284 shares of the textile maker’s stock after selling 26,200 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Interface were worth $1,426,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. TD Private Client Wealth LLC purchased a new position in shares of Interface in the 3rd quarter valued at $32,000. Blue Trust Inc. acquired a new position in Interface in the third quarter valued at $34,000. EverSource Wealth Advisors LLC purchased a new position in shares of Interface during the second quarter worth about $35,000. Richardson Financial Services Inc. increased its position in shares of Interface by 166.4% during the third quarter. Richardson Financial Services Inc. now owns 1,569 shares of the textile maker’s stock worth $45,000 after purchasing an additional 980 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in shares of Interface by 63.3% in the 3rd quarter. Global Retirement Partners LLC now owns 1,759 shares of the textile maker’s stock valued at $51,000 after purchasing an additional 682 shares during the last quarter. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on TILE shares. Barrington Research lifted their price target on Interface from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. Wall Street Zen upgraded shares of Interface from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Weiss Ratings upgraded shares of Interface from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Finally, Zacks Research downgraded shares of Interface from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $36.00.

Interface Trading Down 0.9%

Shares of Interface stock opened at $32.56 on Friday. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 1.09 and a beta of 1.90. Interface, Inc. has a 52-week low of $17.24 and a 52-week high of $35.11. The company’s 50-day simple moving average is $30.76 and its 200-day simple moving average is $28.47. The company has a quick ratio of 1.70, a current ratio of 2.89 and a debt-to-equity ratio of 0.49.

Interface Profile

Interface, Inc (NASDAQ: TILE) is a global manufacturer of modular flooring and resilient commercial flooring solutions. The company specializes in carpet tiles, luxury vinyl tile (LVT) and other environmentally responsible hard-surface products designed for use in corporate, education, healthcare, hospitality and retail environments. Interface’s portfolio also includes broadloom carpet, rubber flooring and acoustic underlays, all engineered to meet performance, design and sustainability requirements in modern interior spaces.

Founded in 1973 by Ray C.