Hood River Capital Management LLC Purchases New Holdings in Interface, Inc. (NASDAQ:TILE)

Hood River Capital Management LLC acquired a new stake in shares of Interface, Inc. (NASDAQ:TILE - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,186,750 shares of the textile maker's stock, valued at approximately $28,897,000. Hood River Capital Management LLC owned approximately 2.04% of Interface at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TILE. Price T Rowe Associates Inc. MD raised its stake in Interface by 2.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 59,340 shares of the textile maker's stock worth $1,445,000 after acquiring an additional 1,483 shares in the last quarter. State of Tennessee Department of Treasury lifted its holdings in Interface by 50.4% during the 4th quarter. State of Tennessee Department of Treasury now owns 52,123 shares of the textile maker's stock valued at $1,269,000 after purchasing an additional 17,465 shares during the last quarter. MetLife Investment Management LLC boosted its position in Interface by 5.7% in the fourth quarter. MetLife Investment Management LLC now owns 35,093 shares of the textile maker's stock valued at $855,000 after buying an additional 1,905 shares in the last quarter. Marshall Wace LLP grew its stake in Interface by 16.8% during the fourth quarter. Marshall Wace LLP now owns 49,866 shares of the textile maker's stock worth $1,214,000 after buying an additional 7,167 shares during the last quarter. Finally, Mariner LLC increased its holdings in shares of Interface by 12.7% during the fourth quarter. Mariner LLC now owns 25,898 shares of the textile maker's stock worth $631,000 after buying an additional 2,913 shares in the last quarter. 98.34% of the stock is currently owned by institutional investors.

Insider Activity at Interface

In other Interface news, Director Daniel T. Hendrix sold 12,500 shares of Interface stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $23.78, for a total value of $297,250.00. Following the sale, the director now owns 103,647 shares of the company's stock, valued at $2,464,725.66. This trade represents a 10.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.60% of the stock is owned by corporate insiders.

Interface Price Performance

Shares of TILE traded down $0.28 during mid-day trading on Monday, hitting $18.47. 83,263 shares of the company traded hands, compared to its average volume of 515,606. 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 business has a 50-day moving average of $19.31 and a 200 day moving average of $22.18. Interface, Inc. has a one year low of $14.13 and a one year high of $27.34. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 0.96 and a beta of 1.93.

Interface (NASDAQ:TILE - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The textile maker reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.05. The business had revenue of $335.00 million for the quarter, compared to analyst estimates of $340.51 million. Interface had a return on equity of 19.91% and a net margin of 6.49%. The firm's revenue was up 3.0% on a year-over-year basis. During the same period last year, the company earned $0.41 EPS. As a group, equities analysts expect that Interface, Inc. will post 1.37 earnings per share for the current fiscal year.

Interface Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend was Friday, March 28th. Interface's dividend payout ratio (DPR) is 2.72%.

Analyst Upgrades and Downgrades

TILE has been the topic of several recent analyst reports. Barrington Research reissued an "outperform" rating and issued a $30.00 target price on shares of Interface in a report on Tuesday, April 15th. StockNews.com cut Interface from a "buy" rating to a "hold" rating in a report on Friday, April 18th.

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.