Teacher Retirement System of Texas Decreases Stock Holdings in Interface, Inc. (NASDAQ:TILE)

Teacher Retirement System of Texas reduced its stake in Interface, Inc. (NASDAQ:TILE - Free Report) by 10.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 307,594 shares of the textile maker's stock after selling 37,335 shares during the quarter. Teacher Retirement System of Texas owned about 0.53% of Interface worth $6,103,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TILE. Proficio Capital Partners LLC bought a new position in Interface in the 4th quarter valued at about $479,000. Mutual of America Capital Management LLC acquired a new stake in shares of Interface during the 4th quarter worth approximately $215,000. US Bancorp DE boosted its position in 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. Smartleaf Asset Management LLC boosted its position in 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. Finally, Raymond James Financial Inc. acquired a new stake in Interface in the fourth quarter valued at approximately $2,498,000. 98.34% of the stock is owned by institutional investors.

Insider Transactions at Interface

In other Interface news, VP James Poppens sold 19,474 shares of the firm's stock in a transaction 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 sale, the vice president owned 130,142 shares of the company's stock, valued at $2,621,059.88. This trade represents a 13.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Barrington Research reissued an "outperform" rating and set a $30.00 target price on shares of Interface in a research note 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.

Interface Stock Up 1.7%

Interface stock traded up $0.37 during midday trading on Thursday, hitting $22.27. 318,314 shares of the stock were exchanged, compared to its average volume of 465,371. Interface, Inc. has a 52-week low of $14.75 and a 52-week high of $27.34. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 0.91 and a beta of 1.97. The business's 50-day moving average price is $20.53 and its 200-day moving average price is $21.06. 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 (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, beating analysts' consensus estimates of $0.21 by $0.04. The firm had revenue of $297.41 million for the quarter, compared to analysts' expectations of $297.11 million. Interface had a net margin of 6.48% and a return on equity of 17.73%. The company's quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 earnings per share. On average, research analysts expect that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Interface Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.18%. The ex-dividend date of this dividend was Friday, May 30th. Interface's dividend payout ratio 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.