QS Investors LLC Has $4.32 Million Holdings in Interface, Inc. (TILE)
QS Investors LLC reduced its position in Interface, Inc. (NASDAQ:TILE) by 4.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 220,056 shares of the textile maker’s stock after selling 10,108 shares during the period. QS Investors LLC owned approximately 0.35% of Interface worth $4,324,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of TILE. BlackRock Inc. increased its position in shares of Interface by 144,783.3% during the first quarter. BlackRock Inc. now owns 7,815,006 shares of the textile maker’s stock worth $148,876,000 after acquiring an additional 7,809,612 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Interface by 4.9% in the first quarter. Vanguard Group Inc. now owns 5,788,939 shares of the textile maker’s stock worth $110,280,000 after acquiring an additional 271,658 shares in the last quarter. Frontier Capital Management Co. LLC lifted its stake in shares of Interface by 1.2% in the second quarter. Frontier Capital Management Co. LLC now owns 2,783,501 shares of the textile maker’s stock worth $54,696,000 after acquiring an additional 33,596 shares in the last quarter. FMR LLC lifted its stake in shares of Interface by 14.8% in the second quarter. FMR LLC now owns 2,452,630 shares of the textile maker’s stock worth $48,194,000 after acquiring an additional 315,606 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Interface by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,447,960 shares of the textile maker’s stock worth $48,102,000 after acquiring an additional 7,975 shares in the last quarter. 93.21% of the stock is owned by institutional investors.
Interface, Inc. (NASDAQ:TILE) opened at 22.35 on Tuesday. The firm’s 50-day moving average is $19.95 and its 200 day moving average is $19.51. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 28.76 and a beta of 1.24. Interface, Inc. has a one year low of $14.59 and a one year high of $22.60.
Interface (NASDAQ:TILE) last issued its quarterly earnings results on Wednesday, July 26th. The textile maker reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. Interface had a return on equity of 19.66% and a net margin of 5.21%. The company had revenue of $251.70 million during the quarter, compared to analyst estimates of $254.94 million. During the same period in the previous year, the company earned $0.32 earnings per share. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. Analysts forecast that Interface, Inc. will post $1.14 EPS for the current fiscal year.
In other Interface news, Director Christopher G. Kennedy sold 29,500 shares of the stock in a transaction on Friday, September 29th. The shares were sold at an average price of $21.92, for a total value of $646,640.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel T. Hendrix sold 5,000 shares of the stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $21.45, for a total transaction of $107,250.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 71,450 shares of company stock worth $1,496,237. 1.90% of the stock is currently owned by corporate insiders.
TILE has been the subject of a number of analyst reports. BidaskClub downgraded Interface from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Stifel Nicolaus restated a “hold” rating and set a $19.00 price objective on shares of Interface in a report on Friday, July 28th. Finally, ValuEngine downgraded Interface from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $19.00.
Interface Company Profile
Interface Inc is engaged in design, production and sale of modular carpet, also known as carpet tile. As of January 1, 2017, the Company marketed its modular carpets in over 110 countries under the brand names Interface and FLOR. The Company operates through three segments: Americas, Europe and Asia-Pacific.
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