Interface, Inc. $TILE Stock Position Lowered by Isthmus Partners LLC

Isthmus Partners LLC decreased its position in Interface, Inc. (NASDAQ:TILE) by 11.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 155,192 shares of the textile maker’s stock after selling 20,459 shares during the period. Isthmus Partners LLC’s holdings in Interface were worth $3,867,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. raised its stake in Interface by 133.9% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,008,260 shares of the textile maker’s stock valued at $56,071,000 after purchasing an additional 1,149,733 shares during the period. UBS Group AG lifted its holdings in shares of Interface by 413.8% in the fourth quarter. UBS Group AG now owns 499,035 shares of the textile maker’s stock valued at $13,933,000 after purchasing an additional 401,912 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in shares of Interface by 273.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 386,828 shares of the textile maker’s stock worth $10,800,000 after buying an additional 283,152 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Interface by 2,333.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 280,986 shares of the textile maker’s stock worth $7,845,000 after buying an additional 269,439 shares during the period. Finally, Clark Capital Management Group Inc. grew its holdings in shares of Interface by 67.9% during the third quarter. Clark Capital Management Group Inc. now owns 623,295 shares of the textile maker’s stock valued at $18,038,000 after buying an additional 252,157 shares in the last quarter. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Interface Trading Down 4.5%

Interface stock opened at $32.14 on Thursday. Interface, Inc. has a 12 month low of $20.37 and a 12 month high of $36.66. The company has a quick ratio of 1.16, a current ratio of 2.43 and a debt-to-equity ratio of 0.30. The stock has a market cap of $1.87 billion, a P/E ratio of 15.02, a P/E/G ratio of 1.06 and a beta of 1.88. The company’s fifty day simple moving average is $30.75 and its 200-day simple moving average is $29.74.

Interface (NASDAQ:TILE) last announced its quarterly earnings data on Friday, May 8th. The textile maker reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.08. The business had revenue of $331.04 million during the quarter, compared to analyst estimates of $320.38 million. Interface had a return on equity of 20.09% and a net margin of 8.92%.Interface’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the company earned $0.25 earnings per share. As a group, sell-side analysts forecast that Interface, Inc. will post 2.11 EPS for the current fiscal year.

Interface Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.4%. Interface’s dividend payout ratio (DPR) is 5.61%.

Wall Street Analysts Forecast Growth

TILE has been the topic of several recent analyst reports. Wall Street Zen raised Interface from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 16th. Benchmark began coverage on Interface in a research report on Tuesday, May 19th. They set a “buy” rating and a $36.00 price objective for the company. Barrington Research reaffirmed an “outperform” rating and set a $36.00 target price on shares of Interface in a research note on Friday, April 17th. Zacks Research upgraded Interface from a “hold” rating to a “strong-buy” rating in a report on Monday, June 29th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Interface in a research report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $36.00.

Insider Transactions at Interface

In related news, VP David B. Foshee sold 44,393 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $29.00, for a total value of $1,287,397.00. Following the completion of the sale, the vice president owned 175,014 shares of the company’s stock, valued at approximately $5,075,406. The trade was a 20.23% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Bruce Andrew Hausmann sold 50,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $29.66, for a total value of $1,483,000.00. Following the completion of the transaction, the chief financial officer owned 119,256 shares in the company, valued at $3,537,132.96. This represents a 29.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.47% of the stock is owned by company insiders.

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.