Deutsche Bank AG Raises Stake in Interface, Inc. (NASDAQ:TILE)

Deutsche Bank AG lifted its position in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 56.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,032 shares of the textile maker's stock after acquiring an additional 19,163 shares during the period. Deutsche Bank AG owned approximately 0.09% of Interface worth $1,291,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC increased its position in Interface by 204.4% in the 4th quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker's stock valued at $27,000 after acquiring an additional 750 shares during the period. Huntington National Bank bought a new position in shares of Interface in the fourth quarter valued at $28,000. Smartleaf Asset Management LLC lifted its stake in shares of Interface by 78.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,242 shares of the textile maker's stock valued at $30,000 after buying an additional 546 shares in the last quarter. Principal Securities Inc. lifted its stake in shares of Interface by 103.1% in the fourth quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker's stock valued at $36,000 after buying an additional 741 shares in the last quarter. Finally, US Bancorp DE lifted its stake in shares of Interface by 163.5% in the fourth quarter. US Bancorp DE now owns 2,398 shares of the textile maker's stock valued at $58,000 after buying an additional 1,488 shares in the last quarter. Institutional investors own 98.34% of the company's stock.

Insider Buying and Selling at Interface

In other news, Director Daniel T. Hendrix sold 7,500 shares of Interface stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $19.95, for a total transaction of $149,625.00. Following the completion of the sale, the director now directly owns 96,147 shares in the company, valued at approximately $1,918,132.65. This trade represents a 7.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TILE shares. Barrington Research restated an "outperform" rating and set a $30.00 price objective on shares of Interface in a report on Friday, May 2nd. Wall Street Zen upgraded shares of Interface from a "hold" rating to a "buy" rating in a research report on Saturday, May 10th.

Interface Trading Down 0.1%

Shares of NASDAQ TILE traded down $0.02 during mid-day trading on Friday, hitting $19.98. The stock had a trading volume of 59,835 shares, compared to its average volume of 508,397. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.57. Interface, Inc. has a 1 year low of $14.13 and a 1 year high of $27.34. The business has a 50 day moving average price of $19.47 and a two-hundred day moving average price of $22.07. The firm has a market cap of $1.17 billion, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 0.96 and a beta of 1.95.

Interface (NASDAQ:TILE - Get Free Report) last released its earnings results on Friday, May 2nd. The textile maker reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.04. The firm had revenue of $297.41 million for the quarter, compared to the consensus estimate of $297.11 million. Interface had a net margin of 6.49% and a return on equity of 19.91%. The company's revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 EPS. On average, equities analysts anticipate that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Interface Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date of this dividend is Friday, May 30th. Interface's dividend payout ratio (DPR) is currently 2.76%.

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.