Interface, Inc. $TILE Shares Bought by Royce & Associates LP

Royce & Associates LP grew its holdings in shares of Interface, Inc. (NASDAQ:TILE) by 5.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 369,509 shares of the textile maker’s stock after buying an additional 17,570 shares during the quarter. Royce & Associates LP’s holdings in Interface were worth $10,694,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. CWM LLC boosted its stake in Interface by 15.1% during the 3rd quarter. CWM LLC now owns 2,857 shares of the textile maker’s stock valued at $83,000 after acquiring an additional 375 shares during the last quarter. Atria Investments Inc lifted its position in shares of Interface by 4.8% during the second quarter. Atria Investments Inc now owns 12,990 shares of the textile maker’s stock worth $272,000 after purchasing an additional 590 shares during the last quarter. AlphaQuest LLC lifted its position in shares of Interface by 5.1% during the third quarter. AlphaQuest LLC now owns 12,368 shares of the textile maker’s stock worth $358,000 after purchasing an additional 601 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Interface by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 29,361 shares of the textile maker’s stock worth $615,000 after purchasing an additional 618 shares in the last quarter. Finally, Summit Global Investments increased its holdings in Interface by 1.4% in the second quarter. Summit Global Investments now owns 47,750 shares of the textile maker’s stock valued at $999,000 after buying an additional 662 shares during the last quarter. Institutional investors own 98.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on TILE shares. Wall Street Zen lowered Interface from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Weiss Ratings upgraded Interface from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. Zacks Research lowered shares of Interface from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Finally, Barrington Research increased their target price on shares of Interface from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, January 23rd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.00.

Interface Trading Down 2.9%

NASDAQ:TILE opened at $29.50 on Wednesday. The firm has a market capitalization of $1.72 billion, a P/E ratio of 15.05, a P/E/G ratio of 0.99 and a beta of 1.87. The business has a 50 day simple moving average of $31.17 and a 200 day simple moving average of $28.75. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.34 and a quick ratio of 1.18. Interface, Inc. has a 12-month low of $17.24 and a 12-month high of $35.11.

Interface (NASDAQ:TILE) last issued its earnings results on Tuesday, February 24th. The textile maker reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.09. Interface had a return on equity of 19.54% and a net margin of 8.37%.The firm had revenue of $349.39 million for the quarter, compared to analyst estimates of $350.54 million. During the same period last year, the company earned $0.34 earnings per share. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities research analysts predict that Interface, Inc. will post 1.37 EPS for the current year.

Interface Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, March 27th. This is a positive change from Interface’s previous quarterly dividend of $0.02. Interface’s dividend payout ratio (DPR) is presently 4.08%.

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.