Interface, Inc. (TILE) Holdings Cut by Peregrine Capital Management LLC

Peregrine Capital Management LLC cut its position in Interface, Inc. (NASDAQ:TILE) by 38.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,060 shares of the textile maker’s stock after selling 133,559 shares during the quarter. Peregrine Capital Management LLC’s holdings in Interface were worth $4,905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TILE. SG Americas Securities LLC raised its position in shares of Interface by 203.4% during the 2nd quarter. SG Americas Securities LLC now owns 19,434 shares of the textile maker’s stock valued at $446,000 after buying an additional 13,028 shares in the last quarter. BlackRock Inc. raised its position in shares of Interface by 7.2% during the 2nd quarter. BlackRock Inc. now owns 9,237,013 shares of the textile maker’s stock valued at $211,990,000 after buying an additional 619,945 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Interface by 924.3% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 30,789 shares of the textile maker’s stock valued at $707,000 after buying an additional 27,783 shares in the last quarter. RE Advisers Corp raised its position in shares of Interface by 160.7% during the 2nd quarter. RE Advisers Corp now owns 81,119 shares of the textile maker’s stock valued at $1,862,000 after buying an additional 50,000 shares in the last quarter. Finally, Strs Ohio raised its position in shares of Interface by 7.2% during the 2nd quarter. Strs Ohio now owns 44,700 shares of the textile maker’s stock valued at $1,025,000 after buying an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Interface stock opened at $19.72 on Tuesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.46 and a current ratio of 2.57. The firm has a market cap of $1.16 billion, a PE ratio of 16.71 and a beta of 1.12. Interface, Inc. has a fifty-two week low of $18.74 and a fifty-two week high of $26.25.

Interface (NASDAQ:TILE) last posted its quarterly earnings data on Wednesday, July 25th. The textile maker reported $0.42 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. Interface had a net margin of 5.67% and a return on equity of 23.63%. The firm had revenue of $283.60 million for the quarter, compared to analysts’ expectations of $274.94 million. During the same quarter last year, the company posted $0.33 EPS. The business’s quarterly revenue was up 12.7% on a year-over-year basis. As a group, equities analysts forecast that Interface, Inc. will post 1.47 earnings per share for the current year.

Several analysts have recently weighed in on TILE shares. Zacks Investment Research upgraded shares of Interface from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective on the stock in a research report on Friday, August 10th. Longbow Research upgraded shares of Interface from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Tuesday, August 14th. They noted that the move was a valuation call. BidaskClub cut shares of Interface from a “hold” rating to a “sell” rating in a research report on Thursday, September 20th. Finally, ValuEngine cut shares of Interface from a “hold” rating to a “sell” rating in a research report on Friday, October 12th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $26.75.

Interface Company Profile

Interface, Inc, a modular flooring company, designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific. The company offers modular carpets under the Interface and FLOR names; carpet tiles under the GlasBacRE name for use in commercial interiors, including offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; modular resilient flooring products; and luxury vinyl tile products.

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Institutional Ownership by Quarter for Interface (NASDAQ:TILE)

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