Interface, Inc. (TILE) Stake Increased by Frontier Capital Management Co. LLC

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Frontier Capital Management Co. LLC grew its position in Interface, Inc. (NASDAQ:TILE) by 15.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 3,084,204 shares of the textile maker’s stock after acquiring an additional 403,592 shares during the quarter. Frontier Capital Management Co. LLC owned about 0.05% of Interface worth $72,016,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. OppenheimerFunds Inc. boosted its holdings in shares of Interface by 10.3% in the 2nd quarter. OppenheimerFunds Inc. now owns 27,692 shares of the textile maker’s stock valued at $636,000 after buying an additional 2,575 shares in the last quarter. Strs Ohio boosted its holdings in shares of Interface by 7.2% in 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. Zebra Capital Management LLC boosted its holdings in shares of Interface by 9.6% in the 2nd quarter. Zebra Capital Management LLC now owns 36,939 shares of the textile maker’s stock valued at $848,000 after buying an additional 3,223 shares in the last quarter. Aperio Group LLC boosted its holdings in shares of Interface by 4.9% in the 2nd quarter. Aperio Group LLC now owns 71,766 shares of the textile maker’s stock valued at $1,647,000 after buying an additional 3,321 shares in the last quarter. Finally, NumerixS Investment Technologies Inc raised its position in shares of Interface by 122.6% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 6,900 shares of the textile maker’s stock valued at $158,000 after purchasing an additional 3,800 shares during the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.

Several equities analysts recently commented on TILE shares. Longbow Research raised shares of Interface from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Tuesday, August 14th. They noted that the move was a valuation call. BidaskClub raised shares of Interface from a “hold” rating to a “buy” rating in a research report on Saturday, July 7th. TheStreet lowered shares of Interface from a “b” rating to a “c+” rating in a research report on Wednesday, October 24th. Macquarie set a $20.00 price objective on shares of Interface and gave the company a “hold” rating in a research report on Friday, October 26th. Finally, ValuEngine raised shares of Interface from a “sell” rating to a “hold” rating in a research report on Thursday, October 18th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.33.

Shares of Interface stock opened at $16.39 on Wednesday. The company has a market capitalization of $982.25 million, a P/E ratio of 13.89 and a beta of 1.12. The company has a quick ratio of 1.37, a current ratio of 2.57 and a debt-to-equity ratio of 1.76. Interface, Inc. has a 52 week low of $15.79 and a 52 week high of $26.25.

Interface (NASDAQ:TILE) last announced its quarterly earnings data on Wednesday, October 24th. The textile maker reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The firm had revenue of $318.33 million during the quarter, compared to analyst estimates of $316.38 million. Interface had a net margin of 4.35% and a return on equity of 24.69%. During the same period last year, the firm posted $0.32 EPS. Analysts expect that Interface, Inc. will post 1.47 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 23rd. Investors of record on Friday, November 9th will be given a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Thursday, November 8th. Interface’s payout ratio is currently 22.03%.

Interface 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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