Interface, Inc. (NASDAQ:TILE) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its position in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 69.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,882 shares of the textile maker's stock after selling 27,504 shares during the period. Public Employees Retirement System of Ohio's holdings in Interface were worth $289,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of Interface in the fourth quarter valued at about $2,498,000. Virtus Fund Advisers LLC purchased a new stake in Interface during the 4th quarter valued at approximately $48,000. Man Group plc purchased a new stake in Interface during the 4th quarter valued at approximately $1,083,000. Deutsche Bank AG lifted its position in Interface by 56.6% during the 4th quarter. Deutsche Bank AG now owns 53,032 shares of the textile maker's stock worth $1,291,000 after acquiring an additional 19,163 shares during the period. Finally, Nuveen Asset Management LLC grew its stake in shares of Interface by 170.3% in the 4th quarter. Nuveen Asset Management LLC now owns 641,730 shares of the textile maker's stock valued at $15,626,000 after purchasing an additional 404,277 shares during the last quarter. Institutional investors and hedge funds own 98.34% of the company's stock.

Insider Buying and Selling at Interface

In other Interface news, VP James Poppens sold 19,474 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $20.14, for a total value of $392,206.36. Following the completion of the transaction, the vice president now directly owns 130,142 shares of the company's stock, valued at approximately $2,621,059.88. This trade represents a 13.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TILE. Barrington Research reissued an "outperform" rating and issued a $30.00 target price 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 Stock Performance

Shares of NASDAQ:TILE traded up $0.71 during midday trading on Monday, hitting $20.85. The stock had a trading volume of 450,277 shares, compared to its average volume of 503,238. Interface, Inc. has a 1 year low of $14.13 and a 1 year high of $27.34. The company has a current ratio of 2.57, a quick ratio of 1.38 and a debt-to-equity ratio of 0.66. The stock has a 50 day moving average price of $19.48 and a two-hundred day moving average price of $21.80. The company has a market capitalization of $1.22 billion, a PE ratio of 14.58, a P/E/G ratio of 0.96 and a beta of 1.98.

Interface (NASDAQ:TILE - Get Free Report) last announced 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. The company had revenue of $297.41 million for the quarter, compared to analyst estimates of $297.11 million. Interface had a return on equity of 19.91% and a net margin of 6.49%. The firm's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.24 EPS. As a group, equities analysts predict that Interface, Inc. will post 1.37 earnings per share for the current fiscal year.

Interface Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.19%. The ex-dividend date is Friday, May 30th. Interface's payout ratio is 2.76%.

About Interface

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.