UBS Group AG Has $13.93 Million Holdings in Interface, Inc. $TILE

UBS Group AG lifted its holdings in Interface, Inc. (NASDAQ:TILE) by 413.8% in the 4th quarter, Holdings Channel reports. The firm owned 499,035 shares of the textile maker’s stock after buying an additional 401,912 shares during the quarter. UBS Group AG’s holdings in Interface were worth $13,933,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Congress Asset Management Co. lifted its stake in shares of Interface by 3.3% in the 4th quarter. Congress Asset Management Co. now owns 2,629,174 shares of the textile maker’s stock valued at $73,407,000 after purchasing an additional 84,793 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Interface by 5.5% in the 3rd quarter. American Century Companies Inc. now owns 2,412,549 shares of the textile maker’s stock valued at $69,819,000 after purchasing an additional 126,263 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Interface by 5.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 748,701 shares of the textile maker’s stock valued at $14,854,000 after purchasing an additional 42,011 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in shares of Interface by 2.1% in the 3rd quarter. Qube Research & Technologies Ltd now owns 646,357 shares of the textile maker’s stock valued at $18,706,000 after purchasing an additional 13,095 shares during the last quarter. Finally, Clark Capital Management Group Inc. lifted its stake in shares of Interface by 67.9% in the 3rd quarter. Clark Capital Management Group Inc. now owns 623,295 shares of the textile maker’s stock valued at $18,038,000 after purchasing an additional 252,157 shares during the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.

Insider Activity

In other news, VP James Poppens sold 10,000 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $29.42, for a total transaction of $294,200.00. Following the transaction, the vice president owned 119,496 shares in the company, valued at approximately $3,515,572.32. The trade was a 7.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 25,650 shares of company stock worth $736,292. Insiders own 2.47% of the company’s stock.

Interface Stock Performance

Shares of TILE opened at $27.71 on Thursday. The company has a market capitalization of $1.61 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 0.89 and a beta of 1.92. Interface, Inc. has a one year low of $18.74 and a one year high of $35.11. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.43 and a quick ratio of 1.16. The company’s fifty day moving average price is $27.04 and its 200 day moving average price is $28.50.

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

Interface Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 27th were issued a $0.03 dividend. This is a boost from Interface’s previous quarterly dividend of $0.02. The ex-dividend date was Friday, March 27th. This represents a $0.12 annualized dividend and a yield of 0.4%. Interface’s payout ratio is 5.61%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Interface from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 17th. Barrington Research reiterated an “outperform” rating and issued a $36.00 target price on shares of Interface in a report on Friday, April 17th. Finally, Weiss Ratings upgraded shares of Interface from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 20th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $36.00.

Interface Company 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.