Victory Capital Management Inc. lessened its holdings in shares of Interface, Inc. (NASDAQ:TILE) by 15.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,907 shares of the textile maker’s stock after selling 3,655 shares during the period. Victory Capital Management Inc.’s holdings in Interface were worth $305,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Comerica Bank grew its position in shares of Interface by 0.5% during the first quarter. Comerica Bank now owns 188,712 shares of the textile maker’s stock valued at $3,059,000 after purchasing an additional 871 shares in the last quarter. Private Capital Group LLC lifted its stake in Interface by 53.2% in the first quarter. Private Capital Group LLC now owns 3,032 shares of the textile maker’s stock worth $46,000 after purchasing an additional 1,053 shares during the last quarter. Texas Permanent School Fund lifted its stake in Interface by 3.6% in the first quarter. Texas Permanent School Fund now owns 40,368 shares of the textile maker’s stock worth $618,000 after purchasing an additional 1,419 shares during the last quarter. Hanson & Doremus Investment Management bought a new stake in Interface in the first quarter worth about $47,000. Finally, Xact Kapitalforvaltning AB lifted its stake in Interface by 32.4% in the fourth quarter. Xact Kapitalforvaltning AB now owns 17,967 shares of the textile maker’s stock worth $256,000 after purchasing an additional 4,400 shares during the last quarter. Institutional investors and hedge funds own 92.38% of the company’s stock.
Shares of Interface stock traded down $0.08 on Wednesday, hitting $14.74. 201,969 shares of the company traded hands, compared to its average volume of 362,963. The stock has a market cap of $899.21 million, a P/E ratio of 9.89 and a beta of 1.55. Interface, Inc. has a 52 week low of $13.45 and a 52 week high of $24.50. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.20 and a current ratio of 2.43. The company has a 50 day moving average of $15.47.
Interface (NASDAQ:TILE) last issued its quarterly earnings data on Wednesday, April 24th. The textile maker reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $298.00 million during the quarter, compared to the consensus estimate of $300.16 million. Interface had a net margin of 3.41% and a return on equity of 23.53%. Interface’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 earnings per share. On average, analysts forecast that Interface, Inc. will post 1.6 EPS for the current fiscal year.
TILE has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Interface from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th. BidaskClub downgraded shares of Interface from a “hold” rating to a “sell” rating in a research note on Tuesday, March 12th. Finally, ValuEngine raised shares of Interface from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 22nd. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $25.00.
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; rubber flooring under the norament and noraplan brands; and luxury vinyl tile products.
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