Interface, Inc. (NASDAQ:TILE) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its position in Interface, Inc. (NASDAQ:TILE - Free Report) by 10.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 307,594 shares of the textile maker's stock after selling 37,335 shares during the period. Teacher Retirement System of Texas owned approximately 0.53% of Interface worth $6,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Interface by 4.2% in the fourth quarter. Vanguard Group Inc. now owns 6,116,464 shares of the textile maker's stock worth $148,936,000 after purchasing an additional 246,726 shares during the last quarter. Congress Asset Management Co. purchased a new position in shares of Interface during the first quarter worth approximately $44,969,000. American Century Companies Inc. increased its position in shares of Interface by 12.3% during the fourth quarter. American Century Companies Inc. now owns 1,992,296 shares of the textile maker's stock worth $48,512,000 after acquiring an additional 218,113 shares during the period. Hood River Capital Management LLC purchased a new position in shares of Interface during the fourth quarter worth approximately $28,897,000. Finally, Prudential Financial Inc. increased its position in shares of Interface by 25.9% during the fourth quarter. Prudential Financial Inc. now owns 676,030 shares of the textile maker's stock worth $16,461,000 after acquiring an additional 139,150 shares during the period. Institutional investors own 98.34% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Barrington Research reaffirmed an "outperform" rating and set a $30.00 target price on shares of Interface in a research report on Friday, May 2nd. Wall Street Zen raised shares of Interface from a "hold" rating to a "buy" rating in a research report on Saturday, May 10th.

Insiders Place Their Bets

In other Interface news, VP James Poppens sold 19,474 shares of the firm's stock in a transaction that occurred on 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 sale, the vice president directly owned 130,142 shares in the company, valued at $2,621,059.88. This trade represents a 13.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is currently owned by company insiders.

Interface Stock Down 1.9%

TILE stock traded down $0.41 during trading on Monday, hitting $21.72. 285,896 shares of the company's stock traded hands, compared to its average volume of 469,326. The firm has a market capitalization of $1.27 billion, a P/E ratio of 14.98, a PEG ratio of 0.93 and a beta of 1.97. The business has a fifty day simple moving average of $20.36 and a two-hundred day simple moving average of $21.07. The company has a quick ratio of 1.42, a current ratio of 2.76 and a debt-to-equity ratio of 0.59. Interface, Inc. has a 1 year low of $14.13 and a 1 year high of $27.34.

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 (EPS) for the quarter, beating the consensus estimate 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 net margin of 6.48% and a return on equity of 17.73%. Interface's revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company posted $0.24 earnings per share. Sell-side analysts anticipate that Interface, Inc. will post 1.37 EPS for the current year.

Interface Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.04 annualized dividend and a yield of 0.18%. Interface's dividend payout ratio (DPR) is 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.