15,342 Shares in Interface, Inc. (NASDAQ:TILE) Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. purchased a new position in shares of Interface, Inc. (NASDAQ:TILE - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 15,342 shares of the textile maker's stock, valued at approximately $304,000.

Several other institutional investors have also modified their holdings of the stock. Allspring Global Investments Holdings LLC purchased a new position in Interface during the fourth quarter worth about $228,000. Principal Securities Inc. raised its position in shares of Interface by 103.1% during the 4th 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 during the period. Principal Financial Group Inc. lifted its holdings in Interface by 3.8% in the fourth quarter. Principal Financial Group Inc. now owns 315,596 shares of the textile maker's stock valued at $7,685,000 after acquiring an additional 11,546 shares during the last quarter. Venturi Wealth Management LLC grew its position in Interface by 204.4% in the fourth quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker's stock worth $27,000 after acquiring an additional 750 shares during the period. Finally, Bradley & Co. Private Wealth Management LLC acquired a new stake in Interface during the fourth quarter worth $160,000. Hedge funds and other institutional investors own 98.34% of the company's stock.

Interface Trading Up 2.1%

Interface stock traded up $0.43 during trading on Monday, hitting $20.49. The company had a trading volume of 19,396 shares, compared to its average volume of 500,813. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 0.96 and a beta of 1.98. The company has a current ratio of 2.57, a quick ratio of 1.38 and a debt-to-equity ratio of 0.66. Interface, Inc. has a 1-year low of $14.13 and a 1-year high of $27.34. The company's 50 day simple moving average is $19.69 and its 200-day simple moving average is $21.61.

Interface (NASDAQ:TILE - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The textile maker reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.04. Interface had a return on equity of 19.91% and a net margin of 6.49%. The business had revenue of $297.41 million during the quarter, compared to analysts' expectations of $297.11 million. During the same period in the previous year, the firm posted $0.24 earnings per share. The company's revenue was up 2.7% on a year-over-year basis. As a group, analysts expect that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Interface Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TILE. Barrington Research reiterated an "outperform" rating and set a $30.00 price target on shares of Interface in a report on Friday, May 2nd. Wall Street Zen raised shares of Interface from a "hold" rating to a "buy" rating in a research note on Saturday, May 10th.

Insider Buying and Selling at Interface

In other news, VP James Poppens sold 19,474 shares of the company's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $20.14, for a total transaction of $392,206.36. Following the sale, the vice president now owns 130,142 shares of the company's stock, valued at approximately $2,621,059.88. This represents a 13.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is currently owned by corporate insiders.

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.