Interface, Inc. (NASDAQ:TILE) Shares Acquired by First Eagle Investment Management LLC

First Eagle Investment Management LLC increased its stake in Interface, Inc. (NASDAQ:TILE) by 15.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 210,617 shares of the textile maker’s stock after buying an additional 28,000 shares during the quarter. First Eagle Investment Management LLC’s holdings in Interface were worth $5,129,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. Moran Wealth Management LLC acquired a new stake in Interface during the 4th quarter valued at approximately $272,000. AlphaQuest LLC acquired a new stake in Interface during the 4th quarter valued at approximately $103,000. Amundi grew its stake in Interface by 202.0% during the 4th quarter. Amundi now owns 34,408 shares of the textile maker’s stock valued at $804,000 after purchasing an additional 23,013 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Interface during the 4th quarter valued at approximately $239,000. Finally, Raymond James Financial Inc. acquired a new stake in Interface during the 4th quarter valued at approximately $2,498,000. Institutional investors and hedge funds own 98.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TILE. StockNews.com lowered Interface from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Barrington Research reaffirmed an “outperform” rating and set a $30.00 target price on shares of Interface in a report on Tuesday, February 25th.

Insider Buying and Selling

In related news, Director Daniel T. Hendrix sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $23.78, for a total value of $297,250.00. Following the sale, the director now owns 103,647 shares of the company’s stock, valued at approximately $2,464,725.66. This trade represents a 10.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 32,500 shares of company stock valued at $748,125. Insiders own 2.60% of the company’s stock.

Interface Trading Up 2.3 %

NASDAQ:TILE opened at $19.22 on Friday. 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 business’s 50 day moving average is $22.24 and its two-hundred day moving average is $22.03. Interface, Inc. has a 52 week low of $14.13 and a 52 week high of $27.34. The company has a market cap of $1.12 billion, a PE ratio of 13.44, a P/E/G ratio of 0.96 and a beta of 2.18.

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

Interface Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.21%. The ex-dividend date is Friday, March 28th. Interface’s dividend payout ratio (DPR) is 2.72%.

Interface 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.